Economics

Who was Accused of Ruining France’s Finances?

Marie Antoinette, the teen queen, was loved and adored by the French in her younger years. It has been said that Parisians would flock to her when she made appearances in public. But did you know that her extravagance affected France’s economy? Marie Antoinette, the Queen of France, gained the moniker Madame Déficit as she …

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In an attempt to reduce the cleaning cost, Amsterdam airport installed a pic of a fly in the urinals so guy can aim at it and avoid splashing the urine outside. It worked.

“Men evidently like to aim at targets,” said Richard Thaler of the University of Chicago, an irreverent pioneer in the increasingly influential field of behavioral economics. Mr. Thaler says the flies are his favorite example of a “nudge” — a harmless bit of engineering that manages to “attract people’s attention and alter their behavior in …

In an attempt to reduce the cleaning cost, Amsterdam airport installed a pic of a fly in the urinals so guy can aim at it and avoid splashing the urine outside. It worked. Read More »