Tag economics
When did you first hear the phrase “throwing good money after bad”? Chances are you first encountered it when you were trying to weigh the pros and cons of overinvesting in something you’d already put a lot of money into…. Continue Reading →
The parsimony principle is a philosophical approach that has long been influential in fields such as science and economics. It is based on the idea that the simplest answer is more likely to be the most accurate and useful. This… Continue Reading →
Is Price Gouging Really That Bad?
Sticky post
Anytime there is a storm or some other disaster I often hear the mention of price gouging. Whether discussed on the local news or Facebook comments, price gouging is almost always portrayed in a negative light. What is Price Gouging? Price gouging… Continue Reading →