Sentences with phrase «economists call»

What you're not able to do because you do something else is what economists call an opportunity cost.

«I am a firm believer in tricking yourself into saving if need be, and taking advantage of what behavioral economists call mental accounting — .

«Housing is what economists call a «normal good,» so when incomes rise, households tend to spend more on housing, which pushes up prices,» writes McLaughlin.

But this thinking ignores just how much these choices are beset by what economists call negative externalities.

This is a vast over-simplification, but in the transition from an agrarian, to an industrial, to a knowledge and service economy, and now to a data economy, we have seen the emergence of what some top economists call the weightless world.

Legal services, and in fact many professional services, are what economists call «credence goods.»

Driving your car is associated with various adverse side effects, which economists call externalities.

If we take only the number of trees and fish that can be regenerated (economists call this sustainable yield), we can keep consuming timber and fish for generations to come.

People who feel these effects do pay them indirectly (i.e. through increased health care costs), but since their costs are not reflected in the market price of coal power, economists call them «externalities,» and view them as a major failing of the free market.

Climate change is what economists call a global commons problem.

It's the universal truism that economists call it the «Law of Demand.»

The interesting, central finding of the theory paper is that when a «fortune» (available resources) fall below a certain critical level (determined by the cost per unit time of surviving, and the stochastic return investments available to the investor), the optimal policy becomes what economists call a «risk - seeking» one, where the investor should place relatively large bets on relatively high payoff, low probability of payoff gambles.

«It is not as large as some imagine because electricity is what economists call inelastic,» he said.

(Economists call that a «double dividend.»)

This surprising lack of change is the result of something economists call the «rebound effect.»

The Base Project offers a great example of what inspired economists call the Triple Bottom Line: a business model that focuses on people, planet and profit.

This new book takes an in - depth look at one pervasive barrier: split incentives — or what economists call «principal - agent» problems — between investors and energy end - users.

Economists call efforts to address these problems Global Public Goods (GPGs).

Economists call this process «externalizing costs,» i.e. the cost of environmental degradation in many cases is borne by society, instead of the companies that cause it.

I'm going to reach out to historians and others focused on the factors driving environmental cleanups in the past to see if there's any evidence that today's polluting nations can somehow accelerate their journey along what some economists call the «Environmental Kuznets Curve,» a pattern described well in 2003 by David I. Stern, an economist at Rensselaer Polytechnic Institute:

A surplus of young people can be an asset when there is a functioning economy and school systems able to train young workers; development economists call this the «demographic bonus.»

When energy efficiency wipes out 100 per cent of the energy savings, economists call the rebound a total «backfire.»

The growth of multiplayer gaming, in which players converge online to compete against one another, makes big games bigger through the benefit of what economists call the network effect, analysts and game executives say.

At issue here is a concern that behavioural economists call «framing».

He said this of his results: «Traditionally, economists have had the underlying view that people are hyper - rational and are trying to maximize their happiness (what economists call utility).

What economists call the «equity premium» — the extra return that investors demand to compensate for the risk of holding stocks — has never since been so high.

which examines what economists call «opportunity cost» - in other words, could you get better use or pleasure out of the same cash buying something else?

One thing that might warrant some consideration is the extent to which market participants recognize and properly account for what economists call «externalities».

This is what economists call opportunity cost.

That comment is one of the clearest articulations you will ever read of what economists call «moral hazard,» a situation where one party takes part in a risky transaction because he or she knows his or her losses will be covered by someone else.

Economists call student loans «good debt,» because they provide educational opportunities that otherwise might not be affordable.

«The country is entering what economists call full employment,» says Phil Soper, CEO of Royal LePage.

Economists call this disconnect «the annuity puzzle.»

The heart of the problem is what economists call «regulatory capture.»

Internal accountability mechanisms will fall to the process that economists call «regulatory capture».

Economists call these non-cognitive skills.

To correct for this, we perform what economists call a «treatment on the treated» analysis to produce estimates of the effects that a trusted organization such as the College Board or ACT would achieve were it to conduct the intervention.

While I have never been what marketers and economists call an «early adopter», I am especially resistant to smart watches.

The most important of these are what economists call general - purpose technologies — a category that includes the steam engine, electricity, and the internal combustion engine.

This scenario is what economists call the tragedy of the commons.

Therefore, it is uniquely what economists call capital (albeit in its broadest sense, including human, intellectual, and environmental capital) that can fuel exponential growth of the economy.

This is designed to convince other countries to follow suit, hopefully eliminating what economists call the «free rider» problem of climate change mitigation programs.

But we are not rational — not in love or war or business — and this particular irrationality is what economists call the «sunk - cost fallacy.»

CO2 is expected to reach double its pre-industrial levels within a century if we carry on burning coal and oil in what economists call a «business - as - usual» scenario.

This free ride results in what economists call a market failure.

However, above a GSI of 21, or three R01s, the «rate of increase decreases,» NIH says — that is, the gains per grant taper, in what economists call «diminishing marginal returns.»

First, along with professions such as big - time sports and entertainment, academic science is what economists call a tournament field, which makes it susceptible to cheating.

At the same time, it's hard to imagine people giving up on Manhattan, and all the time and money it represents — it's an example of what economists call the tyranny of sunk costs.

The convergence between men's and women's wages over the last three decades — what economists call the narrowing of the «gender wage gap» — has increased the probability that married women work in the labour market, decreased the amount of time they devote to household chores and increased their husbands» share of household work.

A set of what economists call «perverse incentives» encourages lab chiefs and institutions to take on more trainees in good times and submit more grant proposals in bad ones.