The 2021 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded jointly to David Card “for his empirical contributions to
Welcome
Economics
As a foundational social science that guides business decisions, economics studies how individuals and firms allocate scarce resources, how consumers and firms interact in the market place and the resulting economy as a whole.
Nash Equilibrium: Seeing the Forest Through the Trees
Around the 1940s and 1950s, a defining moment in the development of economic thought was underway, led by academics such as Paul Samuelson and John
Data Visualization Gone Wrong
Charts and graphs are a great way to bring data to life and they can help the reader understand what the data is telling us. However, choosing the wrong
Same Product, Different Price?
When booking a flight for the first time recently in what felt like years, I couldn't help but notice how quickly ticket prices were changing. This led
A New Line of Business: From Gas to Electric
This past spring, I was in the market to buy new lawn equipment. I did what most consumers do, and I researched online and found several stores were
Money and the Pursuit of Happiness
Economists love to talk about money. Everywhere you look, you see economists in news columns or on television chiming in. They offer projections about
The Successes and Failures of Homo Economicus
After a long day of work, you decide to stop off at your favorite pub for a peaceful respite, only to find a tremendous pool tournament just getting
Four Lessons from Economics for Your Daily Life
When I tell people that I teach economics, I frequently get reactions like "Ugh, economics... hated it" or "So, which stocks should I buy?". While I
Joining the Herd: Sheeple, or Rational Actors?
If recent years have taught us anything, it’s that the increase in the availability of information made possible by our almost unfettered
Significant, or not significant, that is the question.
"CDC observes link between Covid-19 spikes and increased dining out - The findings don’t prove cause and effect, but the statistically significant
