After a long day of work, you decide to stop off at your favorite pub for a peaceful respite, only to find a tremendous pool tournament just getting
Welcome
Economics
As a foundational social science that guides business decisions, economics studies how individuals and firms allocate scarce resources, how consumers and firms interact in the market place and the resulting economy as a whole.
Four Lessons from Economics for Your Daily Life
When I tell people that I teach economics, I frequently get reactions like "Ugh, economics... hated it" or "So, which stocks should I buy?". While I
Joining the Herd: Sheeple, or Rational Actors?
If recent years have taught us anything, it’s that the increase in the availability of information made possible by our almost unfettered
Significant, or not significant, that is the question.
"CDC observes link between Covid-19 spikes and increased dining out - The findings don’t prove cause and effect, but the statistically significant
Big Banks Adjusting to Pandemic and Shifting to Digital Services
The COVID-19 pandemic has forever changed the banking industry. According to the Federal Depository Insurance Corporation, the three largest banks in
How to Take Over the World using Game Theory
Long before Rome was that vast and magnificent empire which occupies a prominent place in the modern public imagination, it was once only one of many
Covid Vaccinations and Your Noisy Neighbor
If you have ever lived in an apartment building, you have probably encountered them: the noisy neighbors. Whether it is running the vacuum or playing
Why Do Airlines Overbook Flights?
If you travel a lot by airplane, you have almost surely encountered an overbooked flight. Maybe you were even the person who volunteered to get on a
Why The Current Federal Reserve Policy Is Dangerous
In response to the current economic situation, the Federal Reserve has lowered interest rates to near zero percent and intends to keep them between zero
Why Economists Don’t Want You to Stress Over Christmas Gifts
Once Halloween passes, big displays in stores remind us that it is time to start thinking about our Christmas shopping lists. Every year, many of us
