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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
Clycical unemployment
Definitions

Clycical unemployment

Published on January 28, 2020

Definition of customs union
Definitions

Definition of customs union

Published on January 28, 2020

Balance of payments current account
Definitions

Balance of payments current account

Published on January 28, 2020

Definitions

Corporate Social Responsibility

Published on January 28, 2020

The consumer price index (CPI)
Definitions

The consumer price index (CPI)

Published on January 28, 2020

Cost plus pricing
Definitions

Cost plus pricing

Published on January 28, 2020

Contractionary policy
Definitions

Contractionary policy

Published on January 28, 2020

Contestability
Definitions

Contestability

Published on January 28, 2020

Consumer surplus
Definitions

Consumer surplus

Published on January 28, 2020

Concentration ratio
Definitions

Concentration ratio

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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