Behavioral Economics

The Costs of Procrastination

How much money are you losing for putting things aside?

If time is money, then why do several people, especially college students waste it intentionally? It can be easily attributed to one of the most and oldest human traits called procrastination. Many people, guided by their survival instinct, procrastinate more than others. The difference between a procrastinator and a non-procrastinator lies on to what extent

Tackling Fake News: A Battle of Economic Incentives and Disincentives

Often fuelled by the economic incentive of rising the most views and revenue, implementation of economic disincentives may not be a bad idea to regulate false information.

It is very likely that this is not the first article about fake news that you read. The phenomenon has become viral in the past years, and its consequences, from elections outcomes to fuelling propaganda and hateful speech, have been widely discussed. The concept of fake news – which means any information created to mislead

Dan Ariely in RfD: “Big Data needs variations and experiments at this point more than datasets.”

This week, Room for Discussion hosted Dan Ariely, James B. Duke Professor of Psychology and Behavioral Economics at Duke University. Being regarded as one of the most prominent behavioral economists in the world, it was great to see him on the famous couch of RfD. You probably know him from his famous TED Talks in