Economy
Discover the latest trends in Economy.
Understanding Information Asymmetry
Discover what information asymmetry is, a key economic concept where one party in a transaction has more or better information than the other.
Principal-Agent Problem Explained
Explore the Principal-Agent Problem, a key economic conflict where an agent's self-interest misaligns with the principal they represent.
The Sunk Cost Fallacy Explained
Discover the Sunk Cost Fallacy, a bias that makes you stick with a bad decision because you've already invested time, money, or effort.
Understanding Loss Aversion
Discover Loss Aversion, the cognitive bias where the pain of losing is twice as powerful as the pleasure of gaining. Learn how it impacts decisions.
What Is Cognitive Bias?
Explore cognitive biases, the mental shortcuts that shape our economic judgments, and how they influence financial decisions and consumer behavior.
Bounded Rationality: The Limit of Logic
Explore Bounded Rationality, the concept that our decision-making is limited by information, time, and our own mental capacity.
Explaining 'Too Big to Fail'
Discover the 'too big to fail' theory, where firms are so vital to an economy that their failure would be disastrous, requiring a government bailout.
What Is an Economic Bailout?
Discover what a bailout is, why governments rescue failing companies, and how this financial intervention can impact the broader economy and taxpayers.
Explaining Stimulus Packages
Learn what a stimulus package is, why governments use them, and how these economic measures like checks and tax cuts can directly affect your finances.
Explaining Economic Austerity
Discover what austerity is: a set of economic policies aimed at reducing government budget deficits through spending cuts and/or tax increases.