March without the Madness

Two behavioral economists at the Wharton School have recently published a statistical analysis of win-loss patterns in NCAA basketball games.  Jonah Berger and Devin Pope collected data from more than 6500 games since 2005, and guided by a psychological/ economic model called Prospect Theory, they cranked their win-loss data through a specialized regression analysis (probably […]

Expert Advice is Needed in Tough Times

When the economy takes a turn for the worse, tough times call for cutbacks. Cutbacks might include extras you don’t really need, goods that haven’t yet outlived their usefulness, or services you can perform yourself. Just because you can – and perhaps should – do without some of the ‘luxuries’ does not mean everything should […]