Do you recognize the feeling that you don’t want to work? Sometimes you just cannot remember why you have to work except earning some money. Dan Ariely gives us the answer to the question why people work, even if they have plenty of money.
Future technological improvements will have a big impact on our societies and the economic models we use to distribute our wealth. For instance, which effects will the further use of robots in the production process mean in the lower end of the labor market? How will we distribute the further abundance due to further automation?
On the 22nd of October, the first ACOM activity took place. The activities committee hosted its first event of the year, a cycling dinner for our active members. The theme of the night was ‘Food and Drinks around the World’.
A serious price increase of airfare tickets is shown during the holidays in December, says Alexandra Talty in Forbes magazine. This is not surprising, but paying 40% more for a ticket for flying to your family for Christmas than when you would go two weeks earlier is quite a lot. The reasoning behind the higher prices seems logical to us: people have to be at a certain place at a certain date and time and therefore are willing to pay more.
November 11 is a special date in the provinces Noord-Brabant and Limburg, as the famous party “Carnaval” starts from that point onwards. The actual festivities are in February, but in November the protagonist of the party, the prince, of Carnival will be chosen. As we live in Kruikenstad and we like to have a little party once in a while, the Promo Committee of Asset | Economics organized a beer cantus, themed Carnival.
In recent years, literature on the so-called economics of happiness, which examines the (economic) factors that affect individual happiness, has grown rapidly. It is said that its findings have been a serious challenge to the economic profession. But what about the happiness of economists themselves? Two German economists have now estimated the causal effect of studying economics on subjective well-being.
During the academic year 2014-2015 Asset | Economics, in corporation with Asset | International Business & Management and Complex, organized a symposium. The event took place on September 25 at Tilburg University. The theme of the event was herd behavior in economics and hosted several speakers that elaborated on this psychological phenomenon.