Real-world Endowment

One of economists’ common critiques of the study of behavioral economics is the reliance on college students as a subject pool. The argument is that this population’s lack of real-world experience (like paying taxes, investing in stock, buying a house) makes them…

Ideas from Literature

Not only do I find examples of behavioral economics in literature (see this recent post), sometimes I get research ideas from it. This passage from Wallace Stegner’s Angle of Repose was one such instance: Touch. It is touch that is the deadliest…

A Fun New iPhone app: At a boy!

A few months ago, I had the idea to create an iPhone app that would give me (us) compliments. It turns out that as humans, not only are we sensitive to rude remarks from strangers, but we are also very excited when…

Creating God in Our Own Image

Question: what are God’s views on affirmative action, the death penalty and same-sex marriage? Answer: whatever you want them to be. That’s according to a recent study by Nicholas Epley, Benjamin Converse, Alexa Delbosc, George Monteleone and John Cacioppo, found that we…

Monkeys like to mix it up

DUKE (US)—Given a choice between spending a token to get their absolute favorite food or spending it to have a choice from a buffet of options, capuchin monkeys will opt for variety. In fact, they’ll even eat a less-preferred food from that…