Have you ever wondered why a new toy feels exciting at first but much less exciting a few weeks later? Economists have an explanation for this—and businesses pay close attention to it.
Why More Isn’t Always Better?If you had to choose between a diamond and a glass of water, which would you choose? Most people would probably choose the diamond.Now imagine you are trekking on a hot summer day. You have been walking for hours and are extremely thirsty. Suddenly, someone offers you