Our revolving door prime ministers are the result of the politicians being too responsive to what we think, and there being too few of them.
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Obesity is not a rational choice. But there is scope for governments to get involved and improve our options.
There may be altruistic reasons for companies to adopt ‘pay as you want’ pricing, but research shows it can lead to an increase in revenue.
Research shows paintings aren’t always good investments. Sky-high prices paid for high-end art are likely due to other factors.
Will you buy the new iPhone straight away?
Or do you buy your smartphone based on its cost-benefits? Either way Apple might be using your own psychology against you.
There is more to bike-share schemes than first meets the eye. As they grow in global popularity, the economic models behind them become increasingly diversified.
Ticket scalpers thrive because tickets are underpriced and undersupplied.
The economics of the money-back guarantee can work in retailers’ favour, in certain circumstances.
While retailers, airlines and many other companies are embracing self-service, the numbers show it isn’t an easy win.
Charging consumers different prices for the same service is actually a very common practice called “price discrimination”.
Top contributors
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Associate Professor, Department of Economics, Macquarie University
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The University of Queensland
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Associate Professor of Marketing, University of Technology Sydney
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Professor of Urban Planning, The University of Melbourne
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Professor of Marketing and Consumer Behaviour, Queensland University of Technology
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Senior Lecturer in Economics, RMIT University
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Director of Centre for Business Analytics, Professor of Operations Management, Melbourne Business School
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Professor of Public Health, Griffith University
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Professor of Management Science, Michael Diekmann Chair in Management Science, and Director of Research, ESMT Berlin
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Senior Lecturer, Department of Economics, Macquarie University
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Associate Professor, Queensland University of Technology