Rational Preferences
“I don’t drink coffee I take tea my dear I...
Category: Microeconomics
Normal good, inferior good, Giffen good
“For example, the supporters of tariffs treat it as...
Opportunity Cost
Opportunity cost, to put it as simply as possible, is...
Information asymmetry: The battle for data
One key element that affects how people behave in...
![[Python] Law of Large Numbers - Dice Roll](http://econowmics.com/wp-content/uploads/2020/07/Photo-by-Aliko-Sunawang-from-Pexels-80x80.jpg)
