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Debunking the microfinance bubble
by Jonathan Morduch

Is there a “microfinance bubble”? The question recently hit the front page of the Wall Street Journal.

Themes: Big Picture, Credit
Times Restaurant Critic on Behavioral Economics
by Nathanael Goldberg

Interesting example of the endowment effect from New York Times restaurant critic Frank Bruni: http://www.nytimes.com/2009/08/19/dining/19note.html?8dpc

Summing up the quirky behaviors of his dining companions over his tenure as restaurant critic for the NY Times, Bruni describes the way his fellow diners--to whom he had randomly assigned dishes to be sampled--would become protective of "their" choices, defending their quality.

Themes: Behavioral Economics