Economic Way of Thinking

This game is designed to teach one of the most important fundamental concepts in economics: The idea that incentives matter and people will change their behavior in a predictable way when their incentives change.

The massive post-pandemic price burst has harmed Americans’ ability to take the prudent financial steps that could set them up for success in the long run.

Professional sports drafts are designed to promote parity and competitiveness among teams, with the worst-performing teams getting the top picks in the next season. However, this well-intentioned system has been plagued with misaligned incentives that have led to tanking and other forms of unsportsmanlike behavior. Recent events in the NBA and NFL drafts highlight these problems and their economic implications.

The decision to have or not have children isn’t made in isolation.

Typical time use varies by who you talk to. This interactive shows you the differences when you vary age and sex.

“I’m sorry, Dave”… I might take your job. Walmart said it expects 65% of its stores to be serviced by automated distribution centers by the end...

Socioeconomic disparity is just as influential as climate change and population growth when it comes to explaining why so many cities are struggling with their water supply, researchers say.

The South Korean government wants shut-in kids to leave the house and go outside.

The handheld cellphone is 50 years old and has become an essential multi-tool that helps us run our lives. But is it altering the way our brains work?

Parking lots are about one-fifth of all land in U.S. city centers, making them "easy to get to, but not worth arriving at."

The limited edition flavor will sell for $1.18 at Walmart.

The Asian nation has already spent $200 billion trying, and failing, to boost fertility rates

A monastic brewery in East Germany says it's created the first powdered beer. Just add water, and it'll froth up, complete with a foamy head and full flavor. The result promises massive savings on transport, because it can be shipped at 10% of the weight.

Seventeen people die every day waiting for organ transplants in the U.S.

There is no $75,000 income happiness threshold, psychologists Daniel Kahneman and Matthew Killingsworth say. For most in the U.S. earning up to $500,000, more money can bring greater satisfaction.

Three years after the start of the COVID-19 pandemic, remote and hybrid work are as popular as ever. Only 6 percent of employees able to do their jobs remotely …

The NFL on Thursday awarded 37 compensatory draft picks to 16 teams, led by the 49ers, who received seven selections.

Charles Dickens better say sorry.

A recent study published in the journal Sleep suggests that the simple act of wearing an eye mask to block out light while sleeping can improve cognitive function the next day. In two experiments, the researchers found that participants who slept with an eye mask showed enhanced episodic memory encoding and alertness the following day. ...

We crunched prices from thousands of pizza places around the country. The results convinced us we should never buy a small pizza again.

California has already received twice the average snowfall it normally sees by March, according to researchers at UC Berkeley.

Thursday’s the new Friday?... The four-day workweek is #trending. Driving the hype: one of the largest trials of a four-day workweek ever conducted....

Understanding elasticities can help explain why Tesla raised the price of its Model Y by $1,000 after the Treasury Department relaxed its tax credit terms for electric vehicles.

The drug has gone viral for its side effect of weight loss.

If we ace one more short workweek test, boss says we can have a pizza party outside.

From clothes to tech, why is everything so poorly made?Subscribe and turn on notifications 🔔 so you don't miss any videos: http://goo.gl/0bsAjO Maybe you’v...

Interaction with friend even just once a day is good for us, KU researcher says