Monthly Archives: June, 2010
The Friendship Paradox
The Friendship Paradox states that your friends have more friends than you do. Despite sounding like (and being called) a paradox, this actually makes sense mathematically, as well as in real life. Imagine two people you know: one, called Becky, is a complete extrovert who talks to everyone and loves to go to bars and [...]
The Next Bubble: Higher Education?
As we have stated before and before, certain factors need to be in place for a bubble to occur. Bubbles were thought to only occur in Securities, Commodities and Art. We now know that to be false, but it has been revised to say that bubbles cannot occur with services or non-durable goods, but only [...]
Oil and Water
After the accident on Three Mile Island in 1979, Americans grew scared of nuclear power and stopped building new reactors, even though no one died in that accident. Had the nation not panicked, it would now have many more nuclear reactors, making the shift to a low-carbon economy significantly easier. Similarly today, panic is likely [...]
