Last week, the economics department at Florida State University received a great deal of publicity about a deal granting Charles G. Koch the right to decide who will fill two new teaching slots: A foundation bankrolled by Libertarian businessman Charles…
This has got to be one of the greatest things I’ve stumbled upon on the Internet.
This week we’ll be discussing hyperbolic discounting. This is the human tendency to prefer smaller payoffs now over larger payoffs later. This is essentially caused because humans’ perception of time is not linear; people tend to think of time in…
This week’s topic deals with interesting findings in behavior dealing with trust, fairness, and reciprocity. I’ll be discussing three different economic experiments (all run independently from one another with different participants). In each of these experiments, two people are brought…
Earlier tonight I had the privilege to attend a lecture by Peter Leeson, where he discussed his book, The Invisible Hook: The Hidden Economics of Pirates. Most people think of pirates from the early 18th century as being barbaric, uninhibited…
