Shaq and the Case of the Missing Bribes
The extortion concern might explain a lot of our reluctance to offer bribes. But there are circumstances where a one-off bribe can work wonders. When my kids were little, I remember bribing a college student on an Amtrak train to move to another open seat so that my family could sit together. Read More »
Is the Senior Slam Smart?
Denny’s breakfast menu in Provo, Utah, offers something that combines demand-based and cost-based price discrimination, but it’s neither.
The “French toast slam” is two pieces of toast and two eggs, two strips of bacon and two sausages for $6.99. The “senior French toast slam” is one piece of toast and one egg, and two strips of bacon or two sausages for $5.49, and you must be at least 55 years old to buy this. Read More »
The Priesthood
Kahneman, who has described economics as a strict priesthood, says, “Yes, I have spoken of a church, but it is not a church where you get burned at the stake for being a heretic, because otherwise a lot of people wouldn’t be around!” Read More »
Don't Read This Post
Quick, how many of you can tell me:
1. Your cars’ fuel economy in miles per gallon or, even better, gallons per mile.
2. How much you drove in the last year.
3. The cost to fill your tank.
4. Your monthly and annual fuel expenditures.
5. How your cars’ fuel economy sits in relation to other cars in their classes.
6. What your fuel savings in gallons and dollars would be if you switched to a hybrid or other highly economical vehicle. Read More »
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