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Bounded Rationality and Behavioral Frictions: Why Simple Digital Tools Outcompete “Built-In” Features

Bounded rationality explains why users choose simple tools like ROI calculators over complex built-in features....
4 min read
Giffen Goods
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Giffen Goods

Published on January 28, 2020

Game theory
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Game theory

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Full employment
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Full employment

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Fiscal_policy
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Fiscal_policy

Published on January 28, 2020

Fiscal drag
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Fiscal drag

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Fiscal boost
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Fiscal boost

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Factors of production
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Factors of production

Published on January 28, 2020

External costs
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External costs

Published on January 28, 2020

External benefit
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External benefit

Published on January 28, 2020

Exports
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Exports

Published on January 28, 2020

Newer Posts
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Older Posts
When you are shopping online, is the seller using psychological tricks to manipulate you into buying more?

Dark Patterns and the Economics of Consumer Mistakes

Almost all of us have experienced websites using various strategies and gimmicks to urge us to buy more stuff. This is known as the use of dark patterns to take advantage of human psychology. What are the economic ramification of widespread ecommerce use of dark patterns?...
4 min read

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