EconForward: Haunted Economy
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Avg. U.S. Rent$1,847/mo/Gallon of Milk$3.85/Gallon of Gas$3.21/Public Tuition$11,610/yr/Credit Card APR21.5%/10-Yr Treasury4.27%/Federal Min. Wage$7.25/hr/Loaf of Bread$1.97/Avg. U.S. Rent$1,847/mo/Gallon of Milk$3.85/Gallon of Gas$3.21/Public Tuition$11,610/yr/Credit Card APR21.5%/10-Yr Treasury4.27%/Federal Min. Wage$7.25/hr/Loaf of Bread$1.97/
EconForward
Behavioral Economics

The Decision Lab

Incentives, loss aversion, framing, and decision-making: the ideas that connect psychology to how we actually spend, save, and choose.

Why You Choose the Way You Choose
Behavioral Economics

Why You Choose the Way You Choose

You're not a spreadsheet. Meet the hidden forces (framing, loss aversion, anchoring) that shape your money decisions.

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5 min
Loss Aversion: 7 Ways It Changes Your Everyday Decisions
Behavioral Economics

Loss Aversion: 7 Ways It Changes Your Everyday Decisions

Losses loom about twice as large as equivalent gains. Here are seven ordinary places that asymmetry quietly shapes what you do.

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6 min
Why Free Shipping Makes You Spend More
Behavioral Economics

Why Free Shipping Makes You Spend More

You came for one thing and left with three, because crossing a free-shipping threshold feels like saving. Here is how that trick works on your brain.

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5 min
Why $9.99 Still Works, Even When You Know the Trick
Behavioral Economics

Why $9.99 Still Works, Even When You Know the Trick

You know $9.99 is basically $10. Your brain still reads it as nine-something. Here is why left-digit bias beats your better judgment.

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5 min
Why "Only 2 Left" Suddenly Makes You Want It
Behavioral Economics

Why "Only 2 Left" Suddenly Makes You Want It

The number might be real. The urge it creates is definitely real. Here is how scarcity and urgency hijack the buying decision.

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5 min
Why Everyone Picks the Middle Option
Behavioral Economics

Why Everyone Picks the Middle Option

Small, medium, large. Most people pick medium, and it is not an accident. Here is the compromise effect and how the decoy does the work.

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6 min
Why Free Trials Are So Hard to Cancel
Behavioral Economics

Why Free Trials Are So Hard to Cancel

Thirty days free, then a charge you barely notice. Here is how defaults, inertia, and a little friction turn a trial into a subscription.

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6 min
Why Do Restaurants Put Expensive Items on the Menu That Almost Nobody Orders?
Behavioral Economics

Why Do Restaurants Put Expensive Items on the Menu That Almost Nobody Orders?

That $80 steak nobody orders may still be doing work. Anchoring and reference points change how the rest of the menu feels, though not every pricey item is a decoy.

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6 min
Behavioral concepts