The idea of putting dollar values on intangible environmental benefits seems to polarise people. At one end of the spectrum, some believe it’s of critical
read moreEverybody knows that as a good becomes scarcer, its price is likely to go up. Scarcity can be a natural phenomenon, or can be induced
read moreOne of the foundational concepts of economics is the idea of diminishing marginal benefits. In this post I argue that it applies to economics itself.
read moreA big part of my job as an academic is reading unpolished writing of other people: research students’ theses, colleagues’ draft research papers, journal papers
read moreMost of us answer survey questionnaires now and then. If we take a survey seriously, we probably feel that the responses we provide capture how
read morePsychologists studying the way that people plan projects have found that they are often way too optimistic – they think the project will take less
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