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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
Road Congestion
Market failures

Road Congestion

Published on January 17, 2020

Negative externalities
Market failures

Negative externalities

Published on January 17, 2020

Education as a merit good
Market failures

Education as a merit good

Published on January 17, 2020

Healthcare as a merit good
Market failures

Healthcare as a merit good

Published on January 17, 2020

Merit goods
Market failures

Merit goods

Published on January 17, 2020

Incomplete markets
Market failures

Incomplete markets

Published on January 17, 2020

Missing markets
Market failures

Missing markets

Published on January 17, 2020

Types of market failure
Market failures

Types of market failure

Published on January 17, 2020

Questions

Questions

Published on January 17, 2020

Video-collection
Definitions

Video-collection

Published on January 17, 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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