Emily Oster Quotes
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The key to good decision making is evaluating the available information - the data - and combining it with your own estimates of pluses and minuses. As an economist, I do this every day.
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No one likes doing chores. In happiness surveys, housework is ranked down there with commuting as activities that people enjoy the least. Maybe that's why figuring out who does which chores usually prompts, at best, tense discussion in a household and, at worst, outright fighting.
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Good household decision-making often relies on thinking about your household like a firm.
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Every time you have a carrot instead of a cookie, every time you go to the gym instead of going to the movies, that's a costly investment in your health. But how much you want to invest is going to depend on how much longer you expect to live in the future, even if you don't make those investments.
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In short, humans are programmed to get bored.
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Even if you are planning a birth with an epidural, the evidence suggests that a doula can help make things go much more smoothly.
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You work hard for your income, and that hard work is what fuels the economy.
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For many women - myself included - pregnancy brings on tremendous anxiety and confusion, along with the joy.
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There is some risk to increase birth defects if you do a lot of outdoor gardening when you are pregnant. That can increase rates of toxoplasmosis.
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Talking to women about birth can be polarizing.
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All's fair in love and purchasing.
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I think we've moved to thinking of parenting and pregnancy as something in which you should lose yourself.
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Economics works great for planning your life when you don't have a work passion, since we tend to assume that your job delivers only money and you trade off job hours with leisure hours. If you think your job will just be a job, pick one that pays well per hour and leaves you some time off, even if the activity of the job is boring.
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The basic idea that incentives can be used to motivate behavior is a powerful one. It works for employees, and it has a clear place in parenting, as anyone who has tried to potty-train a recalcitrant toddler with sticker rewards knows.
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Economists actually disagree about whether there are significant economic returns from attending an elite college versus a less-selective one.
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Adhering to budgeting rules shouldn't trump good decision-making.
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The most active period of the witchcraft trials coincides with a period of lower than average temperature known to climatologists as the "little ice age"...In a time period when the reasons for changes in weather were largely a mystery, people would have searched for a scapegoat in the face of deadly changes in weather patterns. 'Witches' became target for blame because there was an existing cultural framework that both allowed their persecution and suggested that they could control the weather.
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Prenatal testing is a complicated decision for many women, forcing us to confront concerns about a disabled child and risks of miscarriage.
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One of the big take-aways from a lot of economic theory is that people should engage in consumption smoothing.
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Education campaigns ... may not be enough, at least not alone. If people have no incentive to avoid AIDS on their own, even if they know everything about the disease, they still may not change their behavior.
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I travel a fair amount, read on the plane, and I read fast.
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As people do a task, they improve at it.
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Being pregnant was a lot like being a child again. There was always someone telling you what to do.
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Feminists of my mother's generation argued that both mom and dad should work a little less and each do some of the household chores. My parents, for example, split everything 50/50. Even though my father is a terrible cook, he still made dinner exactly half the time.
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Because economics is all about optimising, doing the best you can with what you have - it's usually the first place you should look for answers if you want to maximise your happiness.
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When I meet people on airplanes and they find out I'm an economist, they usually ask about stock tips.
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Economists typically think that your happiness goes up as you get more money, but the more you have, the less each additional dollar matters. This means that you value money most in times when you have less income and more expenses.
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