Tim Harford wrote a lovely essay in the Financial Times, about the Ig Nobel Prizes. Here’s a chunk of it: The Ig Nobel prizes: in praise of ridiculous research …one of the Ig Nobel’s charms is that this ridiculous research might actually tell us something about the world. David Dunning and Justin Kruger received an […]
Tag: economics
Gold-digging ants – an(other) explanation
“In northern India there is a sandy desert and in this desert there live large ants, smaller than dogs but larger than foxes. A few ants that have been caught there may be seen at the king of Persia’s place. When digging their holes these ants throw out soil just like the ants in Greece […]
Rejoice? Run? Hide? The Dawn of Experimental Econophysics
Everything can be explained, to some degree, by marrying economics to physics. This book does that: Experimental Econophysics: Properties and Mechanisms of Laboratory Markets, by Ji-Ping Huang [pictured here], Springer, 2014, ISBN 978-3-662-44234-0. The author explains: “Experimental Econophysics describes the method of controlled human experiments, which is developed by physicists to study problems in economics […]
The Allen-Alchian (theorem) Explains Why the Internet Is Made of Cats
Dr. Jason Potts Centre Fellow and Project Leader in the ARC Centre of Excellence for Creative Industries and Innovation, Queensland University of Technology, Australia, explains in the special ‘cute’ issue of the M/C Journal, Vol. 17, No. 2 (2014) why the internet is made of cats (with reference to the Alchian-Allen Theorem). Supporting material here […]