Monthly Archives: August, 2008
Color Does Matter
A curious study [PDF], published in Psychological Science, is a good prequel to our soon-to-come posts about Behavioral Economics. This study shows that sports contenders who have red uniforms tend to attain better results than other colors, and that this is due to an innate bias in referees. The same Taekwondo fights were shown to [...]
Six Degrees of Who?
For those of you who grew up in the past 20 years or so, you’ve probably heard of or played Six Degrees of Kevin Bacon. Well, just in case you were wondering if an economist would ever become as cool as an actor, the Wall Street Journal has published an article on how economists are [...]
Amazon vs. eBay
Our loyal readers will remember one of our first posts, which dealt with eBay vs. Hand-me-downs. Now we have decided to pit eBay against Amazon. This approach is more practical. Both sites offer a forum for selling products: eBay’s is an auction site, while Amazon acts as a bulletin board. eBay is very popular among [...]
The Cost of Information
The advent of a new phenomenon always brings about a certain amount of resistance. When products became available online for example, it took some time for many people to become accustomed to making their purchases over the Internet, and some have yet to do so. However, for those of us who still opt to make [...]
