Category: Behavioral Economics

Raise Your Price! »

One of the quickest ways to raise your status in the marketplace is to raise your price. Don’t believe me? Listen to this! Share and Enjoy:

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Who Says Money Can’t Buy Happiness? »

So, I’m freezing. It’s cold up here in igloo country in December. So I decide on a spot of tea, boil the water and pull out my cache of “too good to let the kids use to stain paper for history projects” tea. Instantly I know which one I’m going to choose. I’ve had a [...]

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Malcolm Gladwell — There is No Perfect Pickle! »

Forget trying to guess what people want. Forget trying to ask people what they want. They don’t know! But we do know this, according to Gladwell and his buddy Dr. Howard Moskovitz. There is no universal answer. There is no perfect spaghetti sauce. There is no perfect Pepsi. There is no perfect pickle. Only Perfect [...]

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Have You Ever Worn Fake Designer Sunglasses? »

Have you ever stepped into the spotlight wearing fake designer stuff? Fake Gucci? Fake Coach? I think the whole concept of fake stuff is ridiculous since the real stuff doesn’t, in my eyes, have any inherent value. But that’s another story… Daniel Ariely, Professor of Behavioral Economics at Duke University and the author of the [...]

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