Pareto Improvement
I come to your place to trade my saxophone for your guitar. Just before I leave your flat, I notice a guitar-case lying on the ground. »
Offsetting Behavior
Suppose I told you that putting on a seatbelt makes you drive more dangerously. "Nonsense!," you might think, "why would wearing a seatbelt »
Path Dependence
If you drive to work in the morning, you probably do so in a gasoline-powered car. Compared against the electric cars that actually exist (versus maybe »
Orders of Magnitude
Imagine you're building yourself a new house, from scratch, and you're trying to guess how many bricks you'll need. You »
TCP Shorts: Revealed Preferences
Imagine you're trying to impress your friend Olive with how healthy you are. "Oh, yeah, spinach, I love that stuff," you say. »