I tell my micro students everything I teach them is important, but the truth is that some things are more useful than others, and opportunity cost is near the top. Emily Oster costimportantmicro Change image and share on social
To put it mildly, I'm not crazy about the implication that pregnant women are incapable of deciding for themselves. Emily Oster crazydecideimplication Change image and share on social
I've always loved doing research. I remember doing a research project on the Babylonian numeral system in the eighth grade and thinking, 'This is pretty awesome - is this really a job you can have?' This led me toward a career as an academic, although it took me until college to realise that economics was the right field. Emily Oster academicawesomebabylonian share on social
The value of having numbers - data - is that they aren't subject to someone else's interpretation. They are just the numbers. You can decide what they mean for you. Emily Oster datumdecideinterpretation Change image and share on social
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. Emily Oster additionaldollareconomist share on social
If you have a traditional view of economics, you're probably thinking of Ben Bernanke making Fed policy, or the guys creating financial derivatives at Goldman Sachs. Emily Oster benbernankecreate Change image and share on social
Almost every woman I have spoken to about pregnancy has a story about her doctor giving her a hard time about her weight. Later in my pregnancy it felt like all of my time with my doctor was focused on how fat I was getting - so fat! Emily Oster doctorfatfelt share on social
Good household decision-making often relies on thinking about your household like a firm. Emily Oster decisionfirmgood Change image and share on social
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. Emily Oster answereconomicshappiness Change image and share on social
As people do a task, they improve at it. Emily Oster improvepeopletask Change image and share on social