How Delta Masters the Game of Overbooking Flights
When Delta overbooks a flight, they let their passengers decide how much getting bumped is worth. I discovered this last week when I checked in online for my flight from Minneapolis to Philadelphia.
When Delta overbooks a flight, they let their passengers decide how much getting bumped is worth. I discovered this last week when I checked in online for my flight from Minneapolis to Philadelphia.
How much does a CEO make compared to the average worker? If you’re like most Americans (many economists included), you probably have an estimate in your head that roughly translates as “too much.” Pressed for a number, you might come up with a figure around 30 to 1.
On Tuesday President Barack Obama issued an executive order formally establishing the White House Social and Behavioral Sciences Team while also directing federal agencies to examine how they can use behavioral science to improve outcomes for citizens across the United States.
This is one of the questions NPR’s Shankar Vedantam takes up in an episode of his new podcast Hidden Brain, set to launch next week on September 22.
During the past three years, 270 researchers from around the world recreated 98 psychology studies from three top journals to see if they could produce the same results.
We like people like ourselves. Scientists call it the homophily principle, which states that like birds, people tend to flock with others who look and think and act like themselves.