What is Happiness? For millennia, philosophers, moralists, and scholars have postulated and waxed poetic about happiness, its causes, and its true meaning. Achieving happiness is the ultimate goal for many, as evidenced by the thousands of best-selling self-help books, the hundreds of sold out self-improvement seminars across the world, and the dozens of millionaire life […]
Why cant people just follow the rules? A look at the biases behind irrational behaviour in the midst of a pandemic Over the past few decades, behavioural economics has exploded as a field of study, not only enriching basic economic models, but also yielding novel insights into the cognitive predispositions of humans. In fact, these […]
Financial bubbles is one of the topics in economics that are intuitive to most people, except for economists. A financial, or speculative bubble, is characterized by a rapid increase in prices of an asset, without much consideration for its intrinsic value, followed by a burst, that is, a sudden reduction in prices. Seems simple enough, […]
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