John A. List, one of the co-authors of Signol’s initial study with Virgin Atlantic, and Kenneth C. Griffin Distinguished Service Professor of Economics University of Chicago will look at the challenges of ‘scale-ups’ when it comes to behavioral economics (BE) based on empirical insights and theoretical tests, and propose effective ways to use BE interventions when it comes to real-world applications. The online webinar is scheduled for 15th October.
The pandemic led to an unprecedented consumption shock across countries that upended long-standing consumer habits. But what happens once the pandemic is over?
‘As airline companies prepare for recovery, they have a unique asset to leverage — their loyalty programs.’ For instance, ‘airlines can use frequent flyer miles in an “a-la-carte options” approach to reduce those costs that are under their control without annoying customers. In fact, they can make customers equally well or better off.’
‘Samuel Bowles and Wendy Carlin are forming ‘a group that aims to prepare students for a world transformed by the 2008 financial crisis, accelerating wealth inequality, climate change, and global pandemics. They say that their initiative—called core, for Curriculum Open-Access Resources in Economics, and anchored by a free online introductory textbook titled The Economy—will “teach economics as if the last thirty years had happened.”’
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Signol is a software platform that draws on insights from behavioral economics to encourage employees to make more efficient decisions. Signol provides personalized feedback through multiple communication channels, as well as data analysis for managers. In aviation, Signol aims to use behavioral "nudges" and incentives to reduce pollution and fuel waste and cut operating costs.