Viewing 11 to 20 of 23 items
Archive | Behavioral economics RSS feed for this section

In Sweden, all wine stores are organized by price

Sweden has one of the world’s most controlled alcohol regimes, with steep taxation, a state-controlled retail monopoly, and a 20-year-old minimum age to buy alcohol at a store (and they really card, too). The only store at which a consumer can buy wine, beer, or liquor in Sweden is Systembolaget, the state-controlled retail monopoly. Is  Full Article…

What the F.A.A. and Robert Parker’s Wine Advocate have in common

Ethics scandals are politico porn. They’re also fertile ground for undeserved scapegoating. But there’s one category in which, across the board, there’s not nearly enough public stoning going on: the world of information intermediaries. On the government side, that means regulatory agencies; in the private sector, it’s the critics, the expert witnesses in capitalism’s de  Full Article…

4

How long does leftover wine keep in the bottle? Wine-preservation myths and a simple solution

  I’m not sure which of the following two myths is more ridiculous: the myth that you can re-cork a half-drunk bottle of wine and keep it around for a week and have it “still be good,” or the mutually exclusive, but equally misguided, myth that you can keep wine from going bad with commercial “wine preserver” devices. The  Full Article…

Do pitchers hit more poorly because they’re expected to?

Like golf, baseball still has some touchingly quaint pen-and-paper blue laws, and when Tampa Bay Rays manager Joe Maddon signed an incorrectly filled out scorecard for Sunday’s game against Cleveland, the Rays lost their designated-hitter privileges (the American League allows the DH to bat for the pitcher). As such, pitcher Andy Sonnanstine, who shouldn’t have normally had  Full Article…

3

The Gillette razor theory of consumer behavior

In Adam Gopnik’s excellent piece about Gillette razors and innovation in the New Yorker, he discusses the fact that each new generation of razors—Gillette’s latest, the Fusion, now has five blades and a “triple-A battery inside, which makes it vibrate delicately to no particular purpose, like an old electric football game” (probably the best simile I’ve read  Full Article…

7

Prohibition and Craigslist’s victimless crime: on legalizing prostitution

We’ve mainstreamed the debate over ending the prohibition on marijuana. Why is the debate over legalizing prostitution still a taboo? Blaming a classifieds web site for the actions of an alleged murderer is almost as absurd as blaming high-school pot smokers for September 11. Nonetheless, Craigslist has decided to remove (or at least rename) the “erotic  Full Article…

4

Do the molecular gastronomists have no clothes?

On culinary televangelism and the Parkerization of cuisine In the introduction to his book La Cocina al Desnudo (roughly “The Kitchen Laid Bare”), the chef Santi Santamaría writes: “one of the greatest challenges faced by today’s chefs is to avoid becoming the court jesters of the snobs and the posh.” One of the highlights of  Full Article…

5