Tuesday's Assorted Links

de Beers, raw milk, double majors, universal basic income, and millionaires in NYC

Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:

1. Amid increasing takeover pressure on its parent company, diamond giant De Beers is facing a potential spin-off [CNBC]

2. Raw milk sales skyrocket because people believe drinking bird flu will give them immunity [Gizmodo]

3. A new study finds that people who have two majors have more stable earnings [The Wall Street Journal | Original study]

4. The “godfather of artificial intelligence” is arguing (again) that governments should provide a universal basic income to offset the impact of inequality from AI [BBC]

5. New York City is home to more than 300,000 millionaires and 60 billionaires [International Business Times]

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Ever wondered why some prices just seem outrageously high? A viral video featuring eight-year-old twins Marnie and Mylah from Burnley, England, perfectly illustrates the concept of "anchoring" in behavioral economics. Shocked by a £9 price tag for two ice creams, Marnie's reaction provides some insight into the ways our past experiences shape our expectations.

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