2010, Follow-up, Kahneman and Survey

After a Blizzard, What's a Fair Price for a Shovel?

Harvard Business Review

FEBRUARY 11, 2013

For instance, if price is held steady, is it fair that those who show up right when the store opens get to purchase at less than the market clearing price? Or should the storeowner follow the mantra of economists to raise price until the market clears? I was surprised at the responses to my survey question.

Price

Price Kahneman Survey Constraint

Income Inequality Makes Whole Countries Less Happy

Harvard Business Review

JANUARY 12, 2016

There might also be a psychological reason for the effect: an increase in the share of income held by the richest 1% can make you feel as if your chance of moving up the ladder and becoming very rich yourself is growing increasingly beyond your reach.

Kahneman

Kahneman Policies Report Class

Leadership Digital

After a Blizzard, What's a Fair Price for a Shovel?

Income Inequality Makes Whole Countries Less Happy

Stay Connected