European nations, stunned by Russia's aggression, have mostly rallied in support of Ukraine, sending weapons and welcoming millions of refugees. But European citizens are paying dearly for it. Apart from the costs in direct assistance, the energy conflict with Russia had sent prices of gas soaring to eight times their 10-year average by the end of September and helped push … [Read more...] about Behavioral Economics and the Energy Crisis in Europe
Basic forms of digital media use, or virtuality, like videoconferencing have provided flexibility for workers, especially during the recent COVID-19 lockdowns. Some people have found that virtuality brings structure to their workplace and allows them to focus more intensely without the distractions of the office. Some experts suggest that it improves the sharing of unique … [Read more...] about Is the Metaverse Better than Zoom for Brainstorming?
The COVID-19 pandemic has had an immense impact on people around the world, affecting every aspect of their lives, mostly in a negative way. In Latin America and the Caribbean, most governments have made controlling the spread of the new coronavirus a principal goal. Despite investing immense effort and resources in containing transmission, however, they have been unable to … [Read more...] about Behavioral Economics and the Fight against COVID-19
No matter how old we are, it is hard to imagine getting older. We are biased towards our present self and disconnected from our future one, stinting on our pension contributions, underinvesting in our education, and eating and exercising poorly with the mistaken feeling that the future will never catch up with us. This present bias -along with an excess of optimism and … [Read more...] about Face-Ageing Technology to Boost Fitness, Savings, and Other Positive Behaviors
How do people make decisions? How does behavior affect public policies? And can policymakers nudge people into doing things that will benefit them and society at large? Many issues related to the success of public policies come down to a, sometimes understudied, factor: human behavior. In our Behavioral Economics for Better Public Policies course, we focus on that fundamental … [Read more...] about The Free Online Behavioral Economics Course Is Going Strong. Have You Taken It?