The expression “seasonal shopping events” or “SSEs” refers to specialized events, often related to national or religious holidays, in which retailers create shopping opportunities, by offering discounts and promotions, to attract consumers and maximize sales volume. The end of November brings two of the most relevant SSEs, Black Friday and Cyber Monday. Historically, Black Friday […]
“Last Friday of November.” The term “Black Friday” dates back to the 1960s, symbolising the point in which retailers transition from being ‘in the red’ to ‘in the black’, in other words, begin to make a profit. It has since then been used to talk about the informal start of the Christmas shopping season that […]
Sports, beyond their entertainment value, are able to give a unique insight into economics. While the traditional way to combine those two elements is to look at the economics of sport, in this article we will actually focus on the economics in sports, a field that uses athletic competitions as a lens to unravel human […]
“The Winner Effect: The Neuroscience of Success and Failure” by Ian H. Robertson is a fascinating book that explores how winning affects our behaviour, pushing us to achieve success. In the book, Robertson often mentions his research and other studies to explain how success and failure can alter our brain chemistry, making us more confident […]
Supermarkets are, in a sense, large containers of an endless multitude of different types of goods. Among expensive caviar, bubbly champagne, and sugary popsicles, supermarkets hold the much more precious “essential goods”. For this very reason, supermarkets are one step ahead of any other shop: EVERYONE actually NEEDS to go there. Grocery stores have it […]
“What do you want to be when you grow up?” We have heard hundreds of variations of this question not only as a child or a teenager but most probably also as a young adult. We all go through very different thought processes, but there is one common experience: Our career choices are shaped by […]
When Positivity becomes toxic. Everyone is familiar with the terrible effects constant negativity can have on their mood and overall wellbeing. When you feel good about something, there is almost nothing more devastating than people bringing nothing but negative energy to the table. This can look like them pointing out how bad things are going […]
An overview of 2023 Economics Nobel Prize winner Claudia Goldin’s research. Name the first 3 famous female economists that come to your mind. Most people would be able to come up with even more examples of male economists, but why is it so hard to think of women economists? The social stigma that defines careers […]
Introduction From a young age, we are told to work hard to find a well-payed job, as to be able to live a fulfilling life. However, there is no set rule for how much money it takes to be happy, although, we as a society have a general understanding of the value of a humane […]
Moneyball It is September 4th, 2002. Oakland Athletics, a Major League Baseball team, wins its 20th consecutive game – the highest score in history. All that, besides having one of the lowest budgets in the season with a team composed of unknown players. So how did they achieve such, as it would seem, an impossible […]
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