Economics
-
Whatever the explanation, we’re living in a statistically impossible world in which every parent is right that their child is special, talented, and most of all, above-average.
-
Mark Eichenlaub's answer to the question "Do grad school students remember everything they were taught in college all the time?" is a bona fide Priceonomics recommended longread.
-
-
The fact that pricing a piece of art is so difficult seems to make the price of fine art even more important. And manipulated by the galleries that sell it.
-
New services are allowing brick and mortar stores to track and understand their customers in a way that chips away at and in some ways even trumps online retail's advantages.
-
Movie tickets and DVDs cost the same for every movie, so why doesn't Hollywood save itself a boatload of money by making shorter movies?
-
When freemium services ask customers to pay, they benefit from the endowment effect - one of many fun examples of how we all fail to live up to the perfectly rational expectations economists set for us.
-
Why do so many reasonably well-off Americans choose to work for below minimum wage?
-
This is the story of India's Joint Entrance Examination, the yearly attempt to pick out the ten thousand most intelligent students in a country of 1.2 billion people.
-
How should we understand the robust findings that suggest that the price of wine is not only uncorrelated with how much people enjoy it, but that the different tastes we describe in wine may all be in our heads?
-
-
If you're just interested in getting the best food for your money, it helps to think about the economics of the restaurant biz from the owners' perspective.
-
The financial cost of America's execution system is enormous.
-
The readership of a newspaper can increase from ten thousand to ten million without the authors needing to do any more work to serve an audience 1000 times larger. Over the past generation, journalists have gained the ability to easily reach a global audience. So why aren’t the most talented and prestigious print media outlets and journalists raking in the dough?
-
Hint: it has to do with signature size.
