Economics In Real Life

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Office Politics: And Cornered Animals

Today, I want to talk about Prospect Theory. I’ve been hinting at it around the edges, talking about loss aversion and general craziness, but I think it’s time. “Prospect Theory” is the fancy name for the life epiphany that Daniel Kahneman and Amos Tversky mutually experienced while going for long walks through the side-streets of […]

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Jayson Goes To An Art Auction

Note: this is the follow-on to Tuesday’s Jayson Decides To Buy Some Art. Freshly high on the anticipated thrill of owning a Diane Victor smoke portrait, as well as (by now) multiple Dali etchings, I spent Saturday morning panicking about details. Some of them important, like: “So, where is this auction taking place then?” Many […]

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Jayson Decides To Buy Some Art

Last week Wednesday, I went to a pre-viewing for a Fine Art Auction. Mainly because I was promised free wine and free cheese. But also because I wanted to see this Diane Victor piece in person: The cheese was delicious. And the Diane Victor was impressive, but in a really artsy sort of way. I […]

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Office Politics: How To Busily Manage Your Time Badly

Earlier this morning, I took a Psychology Today test on time management. Mainly because I was asked yesterday to write a post on the subject. And on enquiry, Google rendered up a self-test that seemed both more useful and more boring than Buzzfeed’s “Which City Should You Live In?”*. *Paris Let’s just ignore the irony of […]

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Why are wedding dresses so expensive?

Taking advantage of bridal foolishness

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The Problem With Prepaid Tickets

Yesterday, I went to the Discovery Leadership Summit in order to see Joseph Stiglitz and Ben Bernanke speak in person. I paid an inordinate amount of money for the ticket (inordinate!) – but I thought to myself “a heck lot cheaper than flying to America”. And then there was the added bonus of Trevor Manual […]

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It’s once you go FREE that you never go back

For a while now, I’ve been wanting to write a post on the economics of free stuff. Because empirically speaking, the gap between “FREE” and “$0.99” is exponentially larger than the same ±$1 gap between the $7.99 and $8.99 that I’d pay for an album off iTunes. I’ll give you an example: I’m a big […]

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Why Sh****y Restaurants Happen [To Good Tourists]

Why you should never eat where you sightsee

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Love and Economics

Tomorrow is Valentine’s Day. Which means that my facebook news feed will be filled with this: And this: Which will be better then all the “I ♥ my boo” statuses, but it’s a thin margin. I suppose it’s not really intimate unless it’s in public. So I thought that I would be cynically helpful and give […]

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We Would ALL Commit Fraud

Last night, in my boot camp class, I got accused of cheating. I was meant to be jogging on the spot with my knees up. It’s not that I didn’t want to, exactly. My knees just kind of forgot to do what they were meant to be doing. Also, I was tired. I mean, I knew that […]

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