Learn how to price your products and services with psychological tricks– Anchoring and The Decoy Effect

I grade on a curve. So if all of my students studied 50% less, they might learn less economics, but their grades would stay the same.

‘Taskmaster’ is a British television show, in which five contestants compete against each other over a series of episodes doing typically quite unusual tasks, such as dressing a coconut to look like a businessman. They collect points depending on how they perform and then win (often hilarious) prizes at the end of each show and the season.

Last December, Bloomberg reported that California water futures are now a tradeable commodity on Wall Street. The idea behind this is that it allows farmers and municipalities to hedge the uncertainty of water prices in the future, as they should be able to budget for the resource more accurately.

Thinking about the search for true love, what first comes to mind are butterflies and love at first sight, rather than strategic behaviour and rationality.

How the National Hockey League (NHL) managed to create a level playing field for their teams