Tag: choices
Emma Watson is right. Feminism is about choice.
March 30, 2017 | Post
Watson offered up a simple truism about feminism that is more powerful than it might sound: “Feminism is about giving women choice.”
Can economics make baseball more fun for fans?
November 11, 2016 | Post
Sports are a terrific lens for focusing in on the process of decision-making — they’re almost laboratories for incentives.
To Reduce Concussions in the NFL, Reduce the Amount of Equipment
October 4, 2016 | Post
When the costs of risky behavior are reduced, people tend to increase the amount of risky behavior they engage in.
What Economists Mean When They Say People Act "Rationally"
September 23, 2016 | Post
Limits to the homo economicus version of rationality are also limits to the explanatory power of some aspects of introductory-level economics. They do not, however, compromise the case for laissez-faire. If anything, they strengthen it.
Nudge Theory: How Policymakers Secretly Influence You to Make the Decisions They Want You to Make
August 22, 2016 | Post
Free market economists argue that individuals make the best choices for themselves because they are the most aware of their specific preferences. But what happens when people come across decisions where they need specialized knowledge? How do you influence other people’s decisions in this case? In the Learn Liberty video below, Professor Antony Davies and graduate student […]
When to Use Heuristics and When to Use Rational Thought
August 20, 2016 | Post
Doing the research necessary to make good choices can be very time consuming. That’s why, as we learned in the last video, people resort to using heuristics to make better decisions. In the Learn Liberty video below, Professor Antony Davies and graduate student Erika Davies explain how people sometimes rely too heavily on heuristics, which can lead […]
Heuristics: The Tool That Will Equip You to Make Faster Decisions Than Ever Before
August 19, 2016 | Post
How does a shoe shopper decide what type of shoe to buy? How can that customer possibly make the best decision in the face of so many choices—within a reasonable amount of time? The consumer in today’s economy has an almost limitless variety of products to choose from. This abundance of variety creates a paradox of […]
How Capitalism Made Modern Motherhood
May 8, 2016 | Post
Note: This piece is dedicated to my mom, as I celebrate my first Mother’s Day without her. With Mother’s Day upon us, it’s worth taking a moment to consider the vision of motherhood that we normally celebrate on this day. The holiday’s origins, interestingly enough, come from celebrations of the role of mothers in the […]