Category: Terms and Concepts

Law of Large Numbers - Old Adding Machine

Mathematics / Statistics / Terms and Concepts

The Law of Large Numbers

“Another mistaken notion connected with the law of large numbers...

Rational Preferences - Econowmics

Microeconomics / Terms and Concepts

Rational Preferences

“I don’t drink coffee I take tea my dear I...

Beggar Thy Neighbor

Economics and History / Terms and Concepts

Beggar Thy Neighbor Policy

Good neighbors always spy on you to make sure you...

Autarky

Terms and Concepts

Autarky

The world says: “You have needs — satisfy them....