Submitted by BlogEditor on Tue, 10/10/2017 - 14:09
Economists are famous for attempting to rationalize seemingly irrational behavior. One of the more extraordinary is Gary Becker and Kevin Murphy’s theory of rational addiction, in which they hypothesized that addicts plan their consumption of addictive goods. When deciding whether to smoke a cigarette or take a hit, the theory goes, addicts choose in full knowledge and consideration of the health costs and the future costs of their smoking or drug use due to addiction.
Submitted by BlogEditor on Mon, 01/09/2017 - 15:26
By Ashley Whillans
Each year, the average American family donates approximately 3.4 percent of its discretionary income to charity. Most of these charitable contributions are made from October to December, known as the “giving season” in the nonprofit sector.
So what inspires individuals to donate to charity?
Submitted by BlogEditor on Mon, 01/21/2019 - 16:16
More than 33,000 people in the United States die from gun-related injuries each year, making firearms the second leading cause of injury-related death. Many of these deaths could be avoided through policy—for example, Australia all but eliminated gun deaths through a series of gun control measures that included a massive gun buyback program, an assault weapons ban, and strict gun-trafficking policies. In the U.S., the current political climate would prohibit such dramatic changes. And yet, we believe there is still room for politically viable gun legislation that will save lives.
Submitted by BlogEditor on Fri, 10/12/2018 - 11:48
A new study suggests there is a financial cost to being kind . See what else you may have missed online.
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