The author describes a technique whereby students truthfully reveal their perceptions regarding the difficulty of an assignment. After completing the assignment, each student guesses his/her class' average score on the assignment. The student is informed that if his/her guess is within one...

The relationship between class attendance and academic performance continues to be of interest. The most common methods of tracking attendance, however, have their shortcomings and biases. We provide researchers with a method to collect unbiased and reliable attendance data. Late arrivals and...

This paper discusses dynamic ticket pricing by Major League Baseball and how it applies to the measurement or transaction explanation of pricing. Key reductions in the cost of measuring margins that vary in value, such as the win/loss record of the opposing team, are identified, and these...

Ockham’s Razor is a reminder to keep things simple, but this principle is often ignored in the elasticity chapters of many economics textbooks. Many texts invoke slope unnecessarily and in contradictory ways. Discussions of the determinants of the price elasticity of demand have the potential...

When a gift is given, someone other than the final consumer makes the consumption choice. Thus there is a possibility that the gift will not match the preferences of the receiver, i.e., the gift will represent a wise use of the money given the gift-giver's tastes but not necessarily a wise use...