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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
Unequal income distribution
Market failures

Unequal income distribution

Published on January 17, 2020

Financial market failures
Market failures

Financial market failures

Published on January 17, 2020

Unstable markets
Market failures

Unstable markets

Published on January 17, 2020

Moral hazard
Market failures

Moral hazard

Published on January 17, 2020

Information failure
Market failures

Information failure

Published on January 17, 2020

Property rights
Market failures

Property rights

Published on January 17, 2020

Criticisms of Behavioral Economics
Behavioural economics

Criticisms of Behavioral Economics

Published on January 17, 2020

Paternalism and the Role of Government
Behavioural economics

Paternalism and the Role of Government

Published on January 17, 2020

Bias in financial decision-making
Behavioural economics

Bias in financial decision-making

Published on January 17, 2020

Social Norms and Altruism
Behavioural economics

Social Norms and Altruism

Published on January 17, 2020

Newer Posts
Page 174 of 183
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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