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Blind spots – The daily blog of behavioral and cognitive economics

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Blind spots – The daily blog of behavioral and cognitive economics

A Pheasant’s Tradeoffs

Looking at pheasants and salmon, we can again say that economics is everywhere. Economics is Everywhere. Pheasants. Male golden pheasants are stunning. But is it worth it? Described by the NY Times, the male golden pheasant has “cinnamon-colored tail quills” and a “striped hood of orange and black feathers.” Add to that their “forehead crest of yellow plumage,” and you wind up with a gorgeous bird. Sometimes, though, being gorgeous has a downside. For these birds, it’s their eyesight. Or, as one scientist explained, “This amazing hairdo cuts out a large portion of their vision.” ….[READ]

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