Tuesday's Assorted Links
Teen internet usage, strobe lights, tipping, cash vs. card, and generative AI
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
China’s internet regulator plans to curb teen phone use with a 2-hour daily limit and wants to block mobile internet access between 10 pm and 6 am [The New York Times]
Neighbors of X’s San Francisco HQ were blasted with a giant X-shaped strobe light before it was required to come down [Insider]
Why does it seem more and more U.S. businesses are asking customers to tip? [The Wall Street Journal]
Consumers reach for cash when they want to forget about purchases they may regret later [Insights by Stanford Business]
Pearson will introduce generative artificial intelligence tools into its online higher education platform in time for the upcoming academic year [Bloomberg]
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In a world driven by digital communication, postage stamps continue to symbolize human connection. But did you know that stamp prices have been rising faster than the overall price level? This fascinating trend may be another timely application of Baumol's cost disease.
Explore the link between postage and economics:
