The urge to punish is not only about revenge – unfairness can unleash it, too

Unfairness alone is upsetting enough to drive people to punish lucky recipients of unfair outcomes.

Paul Deutchman, PhD Candidate in Psychology, Boston College • conversation
Sept. 30, 2020 ~6 min

Tags: morality psychology inequality competition motivation behavioral-economics evolutionary-psychology psychology-research fairness morals punishment justice deterrence stealing moral-outrage theft inequity social-inequity

Mandatory face masks might lull people into taking more coronavirus risks

Policies meant to improve public health – like mandatory face masks during the coronavirus pandemic – need to take into account how people might adjust other behaviors in response.

Konrad Grabiszewski, Associate Professor of Economics, Prince Mohammad Bin Salman College (MBSC) of Business & Entrepreneurship • conversation
July 20, 2020 ~6 min

Tags: covid-19 coronavirus risk risk-taking behavioral-economics face-masks masks health-behaviors behavior mask-wearing

When safety measures lead to riskier behavior by more people

Behavioral economists explain how widespread use of face masks, hand sanitizer and other preventive measures could counterintuitively encourage riskier behaviors around coronavirus.

Konrad Grabiszewski, Associate Professor of Economics, Prince Mohammad Bin Salman College (MBSC) of Business & Entrepreneurship • conversation
March 11, 2020 ~6 min

Tags:  covid-19  coronavirus  risk  sars-cov-2  behavioral-science  safety  risk-taking  behavioral-economics  trade-offs

The trouble with round numbers

Study shows people prefer monthly payments in multiples of $100, even when it may cost them money.

Peter Dizikes | MIT News Office • mit
Feb. 20, 2020 ~7 min

Tags: finance economics research behavioral-economics sloan-school-of-management

How “information gerrymandering” influences voters

Study analyzes how networks can distort voters’ perceptions and change election results.

Peter Dizikes | MIT News Office • mit
Sept. 4, 2019 ~8 min

Tags: social-media politics networks research behavioral-economics government sloan-school-of-management technology-and-society political-science film-and-television voting-and-elections game-theory

Parag Pathak wins John Bates Clark Medal | MIT News

MIT economist lauded for work on education, market-design mechanisms.

Peter Dizikes | MIT News Office • mit
April 20, 2018 ~6 min

Tags:  economics  social-sciences  behavioral-economics  awards-honors-and-fellowships  education-teaching-academics  school-of-humanities-arts-and-social-sciences  faculty  game-theory

When going green is not black and white | MIT News

In a new book, MIT professor Yossi Sheffi examines the trade-offs companies face when grappling with sustainability issues.

Peter Dizikes | MIT News Office • mit
April 17, 2018 ~7 min

Tags:  sustainability  environment  supply-chains  transportation  behavioral-economics  global  faculty  business-and-management  center-for-transportation-and-logistics  books-and-authors

Measuring the economy with location data | MIT News

Startup’s platform crunches anonymized smartphone GPS data to understand how people shop, work, and live.

Rob Matheson | MIT News Office • mit
March 27, 2018 ~9 min

Tags:  machine-learning  retail  finance  startups  industry  economics  employment  data  behavioral-economics  behavior  media-lab  school-of-architecture-and-planning  innovation-and-entrepreneurship-ie  real-estate  alumniae  software  mobile-devices

Identifying optimal product prices | MIT News

New research describes a price-optimization method to increase online retailers’ revenue, market share, and profit.

Leslie Sheppard | Institute for Data, Systems, and Society • mit
Sept. 18, 2017 ~4 min

Tags:  machine-learning  artificial-intelligence  data  behavioral-economics  school-of-engineering  business-and-management  civil-and-environmental-engineering  prices

How to court millennial shoppers? Lose the logo | MIT News

Alumna Wendy Wen '09 co-founded an online handbag company to create a new generation of luxury for savvy younger shoppers.

Kate Repantis | MIT Alumni Association • mit
Aug. 1, 2017 ~3 min

Tags:  startups  economics  behavioral-economics  innovation-and-entrepreneurship-ie  alumniae  sloan-school-of-management  business-and-management  shass

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