An Empty Question
Imagine a website devoted to talking about concepts. Let us suppose, in fact, that it's a phenomenally great website: it's full of »
Orders of Magnitude
Imagine you're building yourself a new house, from scratch, and you're trying to guess how many bricks you'll need. You »
Second Best Equilibrium
In economics, most of our models of the market/economy assume some stylised but ultimately unrealistic assumptions. For example, they assume perfect information, or risk neutrality, »