Thomas Kealy

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An Economist Explains In Simple Terms Why Deflation Is Dangerous

So what's the big issue? If rising prices (inflation) are generally considered a bad thing, then shouldn't falling prices (deflation) be a good thing?<p>Well, yes and no.<p>Economics professor Ed Dolan is on hand with an easy-to-understand presentation (no economics degree needed), showing the …

Pain Really Is All In Your Head. Emotion Controls Intensity

When you whack yourself with a hammer, it feels like the pain is in your thumb. But really it's in your brain.<p>That's because our perception of pain is shaped by brain circuits that are constantly filtering the information coming from our sensory nerves, says David Linden, a professor of …

If the passenger in the seat next to you buys a snack or a movie, you probably will too

If the passenger sitting next to you on a flight buys a snack or a movie, does that make it more likely that you, too, will buy something?<p>Yes, says Stanford Graduate School of Business professor Pedro M. Gardete. He examined what’s known as social effect—when our behavior is influenced by the …

In-flight Entertainment

'Shark Tank' investor Kevin O'Leary shares the best advice he's ever received

O'Leary, an investor on the hit show "Shark Tank," briefly worked at Nabisco after receiving his MBA in 1980, but decided to build his own television production company, Special Event Television. There was a point when there was "a huge problem" with the business and his partner and cofounder Gerry …

Entrepreneurship

Inside Obama's Proposal to Make Community College Free and Universal

President Obama on Friday called for making at least two years of college education free and universal, a bold idea that reflects his desire to offer far-reaching proposals in his last two years in office, even if Congress is unlikely to adopt them.<p>Building on a model that has been used by the …