the-future-economist.blogspot.com

The Future Economist

Sunday, 27 October 2013. Is Economics a science or not? Ronald Regan once joked ‘There should be a Trivial Pursuit game for economists with 100 questions and 3000 answers’, implying that different economists seem to have different answers when posed with the same question. Shiller however goes against this and believes that the “irrational exuberance” of investors means that asset prices can become inflated. He used this to predict the dot-com boom, predicting that share prices in technol...With two winn...

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The Future Economist | the-future-economist.blogspot.com Reviews

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Sunday, 27 October 2013. Is Economics a science or not? Ronald Regan once joked ‘There should be a Trivial Pursuit game for economists with 100 questions and 3000 answers’, implying that different economists seem to have different answers when posed with the same question. Shiller however goes against this and believes that the “irrational exuberance” of investors means that asset prices can become inflated. He used this to predict the dot-com boom, predicting that share prices in technol...With two winn...

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The Future Economist | the-future-economist.blogspot.com Reviews

https://the-future-economist.blogspot.com

Sunday, 27 October 2013. Is Economics a science or not? Ronald Regan once joked ‘There should be a Trivial Pursuit game for economists with 100 questions and 3000 answers’, implying that different economists seem to have different answers when posed with the same question. Shiller however goes against this and believes that the “irrational exuberance” of investors means that asset prices can become inflated. He used this to predict the dot-com boom, predicting that share prices in technol...With two winn...

INTERNAL PAGES

the-future-economist.blogspot.com

1

Is Economics a science or not? | The Future Economist

http://the-future-economist.blogspot.com/2013/10/is-economics-science-or-not.html

Sunday, 27 October 2013. Is Economics a science or not? Ronald Regan once joked ‘There should be a Trivial Pursuit game for economists with 100 questions and 3000 answers’, implying that different economists seem to have different answers when posed with the same question. Shiller however goes against this and believes that the “irrational exuberance” of investors means that asset prices can become inflated. He used this to predict the dot-com boom, predicting that share prices in technol...With two winn...

2

An insight into Game Theory | The Future Economist

http://the-future-economist.blogspot.com/2013/07/an-insight-into-game-theory.html

Monday, 15 July 2013. An insight into Game Theory. What is Game Theory? Game Theory attempts to look at the relationships between participants in a particular situation and predicts their optimal decisions. A typical example of game theory is the prisoner's dilemma. The sentences vary as follows:. 1) If Jack pleads not guilty and Peter confesses, Peter receive the minimum sentence of two years, and Jack will have to stay in jail for the maximum sentence of six years. Humans are however influenced by stro...

3

Silicon Valley comes to Parliament | The Future Economist

http://the-future-economist.blogspot.com/2012/11/earlier-this-week-i-attended-event.html

Saturday, 17 November 2012. Silicon Valley comes to Parliament. Can women be equal to men in business? And "Are people born entrepreneurs? This was then followed by a tour of the Houses of Parliament. Below is a video summary of the event:. Here are a few pictures of me presenting our groups' debate:. Figure 1, 2, 3: Paul Clarke, Flickr - http:/ www.flickr.com/photos/paul clarke/8187980545/in/set-72157632016849568. Can we learn anything from history? The unprecedented growth of China. Should other countr...

4

Should other countries, such as the UK, adopt German style labour market reforms to combat high levels of unemployment? | The Future Economist

http://the-future-economist.blogspot.com/2012/12/should-other-countries-such-as-uk-adopt.html

Sunday, 30 December 2012. Should other countries, such as the UK, adopt German style labour market reforms to combat high levels of unemployment? During the recession of 2008, most countries such as the UK and the US, experienced high levels of unemployment. However as shown by figure 1 below, the German economy didn't. In fact unemployment even fell during that time. But why is this? What is Germany doing that other countries are not? Structure of the Germany labour market. Figure 2 shows the Long-run A...

5

Nudge Theory and the 'Nanny State' | The Future Economist

http://the-future-economist.blogspot.com/2013/03/nudge-theory-and-nanny-state-figure-1.html

Sunday, 17 March 2013. Nudge Theory and the 'Nanny State'. What is Nudge Theory? Nudge theory employs the use of psychological techniques to exploit common human characteristics such as laziness, and the need to "fit in". It does this by encouraging the public to make what the government sees as the "right choices" in society, i.e. eat more healthily, do volunteer work, cut back on fast food etc. Justification of Nudge Theory. The main justification for Nudge Theory is that people have 'reasoning failure...

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Sunday, 27 October 2013. Is Economics a science or not? Ronald Regan once joked ‘There should be a Trivial Pursuit game for economists with 100 questions and 3000 answers’, implying that different economists seem to have different answers when posed with the same question. Shiller however goes against this and believes that the “irrational exuberance” of investors means that asset prices can become inflated. He used this to predict the dot-com boom, predicting that share prices in technol...With two winn...

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