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Tag: Milton Friedman

Friedrich August Von Hayek

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In his Nobel Prize speech, Friedrich Hayek asserted that, “… I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised against it. It is that the Nobel Prize confers on an individual an authority which in economics no man ought to possess.”

Gary Becker

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  Praised by Milton Friedman as the “greatest social scientist who has lived and worked in the last half century”, Gary Becker, is best known for combining disciplines of economics and sociology…

Milton Friedman Prize for Advancing Liberty

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Since 2002, the Milton Friedman Prize for Advancing Liberty is a $250,000 prize that is given by Cato Institute every two years to individuals who have contributed to the human freedom. The…

Milton Friedman

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  Milton Friedman was born in New York in 1912. As a kid, he showed great enthusiasm to study mathematics and wanted to become an insurance actuary. While in college, he developed…

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  • Amos Tversky
  • Daniel Kahneman
  • cognitive bias
  • Milton Friedman
  • Wealth of Nations
  • Nobel Prize Laureate
  • Adam Smith
  • 20:20 ratio
  • law of small numbers
  • the halo effect
  • wealth inequality
  • income inequality
  • Law of Large Numbers
  • Dow Jones Industrial Average
  • status quo bias
  • Behavioral Economics
  • daniel kahnemann
  • hyperinflation
  • the gambler's fallacy
  • gambler's fallacy
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