In most sports, the losing team starts taking bigger and bigger risks as time runs out. In football, the Hail Mary play is a last-ditch … [Read more...] about Do Companies Throw Hail Marys?
When I was in 10th grade, my English teacher at my German High School handed out flyers for a semester abroad. I took one home, my parents thought it … [Read more...] about Five Reasons to Study Abroad
The stock market participation puzzle refers to the fact that many people do not participate in the stock market, despite the potential benefits of … [Read more...] about The Stock Market Participation Puzzle
Every four years, when the Winter Olympics are on TV, people chuckle about "the funny sport with the brooms" - curling. If you know me well, you know … [Read more...] about Pricey stones – that are not diamonds.
People respond to incentives. This is one of the most important economic principles, and in finance we add that companies respond to incentives. One … [Read more...] about Remember, Remember the Halloween Massacre
I think everyone remembers the "great toilet paper shortage" of 2020, when toilet paper all of a sudden turned into one of the most coveted items in … [Read more...] about Oh baby… a look at the baby formula shortage
The Case Against Bomb Shelters The nuclear standoff between the United States and the Soviet Union during the Cold War will surely go down as one of … [Read more...] about The Best Offense is a Good Defense
When I saw that my next blog post was going to post on Valentine's Day, I asked myself the question: "What can economics tell us about love?" I know, I … [Read more...] about The Economics of Love
The 2021 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded jointly to David Card “for his empirical contributions to … [Read more...] about The Quest for Causality
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 … [Read more...] about Nash Equilibrium: Seeing the Forest Through the Trees