Planet Money Podcast – “Nudge, Nudge, Nobel”

11/2/2017 Episode was about the origin of behavioral economics. Summed up succinctly by the creator of the field (Richard Thaler), who won a Nobel Prize: traditional economics can be boiled down to two words “people optimize.” Thaler’s response that summarizes behavioral economics: “no they don’t” The idea is that people do not act rationally inContinue reading “Planet Money Podcast – “Nudge, Nudge, Nobel””

Podcast: Planet Money – The Chicken Tax

Podcast introduces an interesting question:  when you think of mid-size sedans in the US, you can name a bunch of models made by both foreign and domestic car companies.  But when you think of pickup trucks, you only really think about US companies.   Why do US automotive companies dominate the US pickup truck marketContinue reading “Podcast: Planet Money – The Chicken Tax”