Tuesday's Assorted Links
Playstation 5, sports betting, pay cuts, food delivery, and fines for AI use
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles:
Sony is raising prices for the PlayStation 5 due to pressures in the global economic landscape [CNBC]
Legalized sports betting is associated with an increase in 90-day delinquency rates and auto loan delinquencies among people under 40 [Federal Reserve Bank of New York]
A record share of white-collar workers are accepting positions that pay less than the ones they held before [Business Insider | Archive]
A look at who is really ordering food delivery [The Argument]
An Oregon court fined an attorney $10k for submitting a legal brief that
In 1965, economist Gary Becker argued that time is just as scarce as money and that everything competing for your attention is, in some sense, a competitor. A recent field experiment put that idea to the test in a way Becker never could have imagined. If you haven’t read it yet, it’s worth a few minutes of your time.
When People Cut Back on Instagram, Where Do They Go?
You know the feeling. You pick up your phone to check one thing, and forty-five minutes later, you’re still doomscrolling through Instagram, watching videos of people you’ve never met. Now imagine a friend calls you out on it. They challenge you to set a timer of thirty minutes a day, max. That’s it.
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