Financial Times: Given the choice, how much choice would you like? A refutation of the “so-called paradox of choice [that] is one of the most overrated and incorrectly cited results in the social sciences” according to Tyler Cowen. Hat tip: Ryan Holiday in Tim’s comments.
Tag Archives: Economics
Most Annoying Economic Crisis
Inside the world’s most annoying economic crisis, on a shortage of coins in Argentina. “Factoring in the 50 centavos he had already handed over, this effectively reduced the fare to 13.50 pesos, which, for reasons I’ll get to in a moment, is actually more than 14.50 pesos.” Hat tip: Paul Kedrosky.
Revisiting Moral Hazard
Revisiting Moral Hazard, by Bob McTeer. (Whom I’ve met.)
Searching for Evil
Did you know Volvo drivers have more wrecks? This great talk by Ross Anderson covers the fascinating intersection between economics and spam. One hour.