Rejoice? Run? Hide? The Dawn of Experimental Econophysics

Everything can be explained, to some degree, by marrying economics to physics. This book does that: Experimental Econophysics: Properties and Mechanisms of Laboratory Markets, by Ji-Ping Huang [pictured here], Springer, 2014, ISBN 978-3-662-44234-0. The author explains: “Experimental Econophysics describes the method of controlled human experiments, which is developed by physicists to study problems in economics […]

The Allen-Alchian (theorem) Explains Why the Internet Is Made of Cats

Dr. Jason Potts Centre Fellow and Project Leader in the ARC Centre of Excellence for Creative Industries and Innovation, Queensland University of Technology, Australia, explains in the special ‘cute’ issue of the M/C Journal, Vol. 17, No. 2 (2014) why the internet is made of cats (with reference to the Alchian-Allen Theorem). Supporting material here […]

Candy elasticity as a sticky, gooey innovation in economics

Economics, candy, and politics have found a new way to mix. This study makes that, at least, clear: “Candy Elasticity: Halloween Experiments on Public Political Statements,” Julian Jamison and Dean Karlan [pictured here], Economic Inquiry, epub June 15, 2015. (Thanks to Sendhil Mullainathan for bringing this to our attention.) The authors, at the Consumer Financial Protection […]