We all can make mistakes when faced with choices. Biases and old habits can get in the way of good economic decision making. Betsey Stevenson and Justin Wolfers discuss the way our psychology affects our decisions, and they show how to make better judgements and assess the risks.

Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.

We all can make mistakes when faced with choices. Biases and old habits can get in the way of good economic decision making. Betsey Stevenson and Justin Wolfers discuss the way our psychology affects our decisions, and they show how to make better judgements and assess the risks.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.

From world events to everyday decisions, economics explains it all. Platypus Economics makes it clear, useful, and actually fun.

From world events to everyday decisions, economics explains it all. Platypus Economics makes it clear, useful, and actually fun.

Platypus Economics with Justin Wolfers

Behavioral Economics - We're only human!

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6072b814-c340-4acd-9e15-b4340122fe23/transcript

The $28 burrito — more than a meme

Ordering my family's dinner

Search costs matter

More than bad design

We can fix this

What this tells us about capitalism

Getting food delivered should be simple — but somehow it's gotten outrageously expensive. In this video, Justin Wolfers break down why food delivery apps like DoorDash, Uber Eats, and Grubhub make it nearly impossible to compare prices, and why that's no accident. Justin Wolfers spent half an hour pricing the same dinner order across four platforms, and the results will make you rethink every takeout order you've ever placed. This is what happens when bad design is there by design.

This isn't just a story about annoying apps — it's about how markets can fail even when competition exists. When comparing prices is too painful, firms stop competing on price, and you end up paying more than you should. The FTC is starting to take notice, and there are real fixes on the table. But until then, that $28 burrito isn't going anywhere.

Subscribe on YouTube https://youtube.com/platypuseconomics 
Subscribe on Substack 👉 https://newsletter.platypuseconomics.com

Follow on Social Media @PlatypusEconomics and @JustinWolfers

Getting food delivered should be simple &mdash; but somehow it's gotten outrageously expensive. In this video, Justin Wolfers break down why food delivery apps like DoorDash, Uber Eats, and Grubhub make it nearly impossible to compare prices, and why that's no accident. Justin Wolfers spent half an hour pricing the same dinner order across four platforms, and the results will make you rethink every takeout order you've ever placed. This is what happens when bad design is there by design.
This isn't just a story about annoying apps &mdash; it's about how markets can fail even when competition exists. When comparing prices is too painful, firms stop competing on price, and you end up paying more than you should. The FTC is starting to take notice, and there are real fixes on the table. But until then, that $28 burrito isn't going anywhere.
Subscribe on YouTube https://youtube.com/platypuseconomics&nbsp; Subscribe on Substack 👉 https://newsletter.platypuseconomics.com
Follow on Social Media @PlatypusEconomics and @JustinWolfers

How Food Delivery Killed Competition (And Took Your Budget With It) | Diving In

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/70d00286-1dd7-472a-b679-b46b001676b6/transcript

In this episode of Slate's What Next, we examine the economic costs of the conflict with Iran and why the true price of war extends far beyond the immediate impact on oil prices. From higher energy costs to the effects of rising geopolitical risk on economic growth, we explore how economists measure the consequences of uncertainty — and why those costs are felt most by the world’s most vulnerable households. The conversation also looks at the broader economic implications of weakened institutions and why competition, not just business success, is the foundation of long-term prosperity.

In this episode of Slate's What Next, we examine the economic costs of the conflict with Iran and why the true price of war extends far beyond the immediate impact on oil prices. From higher energy costs to the effects of rising geopolitical risk on economic growth, we explore how economists measure the consequences of uncertainty &mdash; and why those costs are felt most by the world&rsquo;s most vulnerable households. The conversation also looks at the broader economic implications of weakened institutions and why competition, not just business success, is the foundation of long-term prosperity.

Sifting Through the Wreckage of An Ill-Informed War| Slate's What Next + Platypus Economics

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ee4245ca-8402-42ae-bd15-b47200ed5de0/transcript

The legal battle is chaotic

The tariffs in question

The latest plan is the oddest

Why these tariffs don’t work

Trump's trade war just won't die. After the Supreme Court struck down his "Liberation Day" tariffs and courts blocked his emergency global surcharge, the White House is back with a third attempt — this time wrapped in language forced labor, unfair trade practices, and a legal paper trail designed to survive court challenges. It's a new legal strategy, but the same chaotic trade war that's been whipsawing businesses, allies, and consumers for months.

The problem isn't just legal — it's economic. These tariffs are too unstable to drive real investment, too broad to give America any real leverage, and too tied to presidential whims to ever deliver on promises of re-industrialization and job creation. What they do deliver is higher prices for consumers, uncertainty for businesses, and new opportunities for political favoritism. Same trade war, better lawyers, even worse economics.

Subscribe on YouTube https://youtube.com/platypuseconomics 
Subscribe on Substack 👉 https://newsletter.platypuseconomics.com

Follow on Social Media @PlatypusEconomics and @JustinWolfers

Trump's trade war just won't die. After the Supreme Court struck down his "Liberation Day" tariffs and courts blocked his emergency global surcharge, the White House is back with a third attempt &mdash; this time wrapped in language forced labor, unfair trade practices, and a legal paper trail designed to survive court challenges. It's a new legal strategy, but the same chaotic trade war that's been whipsawing businesses, allies, and consumers for months.
The problem isn't just legal &mdash; it's economic. These tariffs are too unstable to drive real investment, too broad to give America any real leverage, and too tied to presidential whims to ever deliver on promises of re-industrialization and job creation. What they do deliver is higher prices for consumers, uncertainty for businesses, and new opportunities for political favoritism. Same trade war, better lawyers, even worse economics.
Subscribe on YouTube https://youtube.com/platypuseconomics&nbsp; Subscribe on Substack 👉 https://newsletter.platypuseconomics.com
Follow on Social Media @PlatypusEconomics and @JustinWolfers

Better Lawyers, Worse Economics: Inside Trump's Latest Tariff Strategy | Diving In

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0d811187-b86d-4db1-b4b9-b46c00cc807e/transcript

Behavioral Economics - We're only human!

In 1 playlist(s)

Platypus Economics with Justin Wolfers

Social links

Follow podcast

Recent clips