Editor's Note: For 31 years now, Paul Solman's reports on the NewsHour have aimed to make sense of economic news and research for a general audience. Since 2007, our ...
(MoneyWatch) Have you heard the parable of the broken window? It's a wonderful example of unintended consequences that applies not only to businesses activity and government regulations, but to ...
The ACM Open business model mostly shifts costs to the home institutions of authors. This is a highly nontrivial change.
The fallacy is that we are surprised when things that are supposed to vary a lot, come down one way a number of times. We feel the next case must break the pattern. In reality, there is no pattern.
Have you heard the parable of the broken window? It’s a wonderful example of unintended consequences that applies not only to businesses activity and government regulations but to individuals as well.
Do you think good moments and bad moments in life have to even out eventually? Here’s why this line of thinking may be fundamentally flawed. Imagine you are standing at a roulette wheel in a casino.
Imagine you are running a five-star hotel. And you’re under pressure to cut costs. You do what you’re supposed to do and bring in the consultants who, after several months of poking around, have a ...
Before we talk about the quality of education or the importance of freed, when it comes to charter schools, there's a much more fundamental fallacy that we must address first, a fallacy that addresses ...
“After the U.S. experience during the Great Depression, and after inflation and rising interest rates in the 1970s and disinflation and falling interest rates in the 1980s, I thought the fallacy of ...
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