Top new questions this week:
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One of the well known paradoxes in macroeconomics is that estimates of risk aversion from experimental micro data do not match the ones estimated from macro data. I know there was an important paper …
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What would happen if investors were restricted to only own 2 apartment, one to live in and one to rent out? they wouldn’t be able to own any more apartments. How would it look if needed to be explain …
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I’d like to ask about work, being “human labour” or “use of human time” or maybe partly “the expending of economic and human resources”. For this question I’m going to …
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There are many situations in the markets when small or larger portions of traders collude and make a strategy manipulation through communication, even they have heterogeneous endowments and …
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I am looking for an algorithm or a mechanism that I could implement for a specific case in my smart contract. How can multiple co-owners of an item agree efficiently on a selling price? I am not …
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Everywhere I’ve looked, the author of the text asserts that the Allen-Uzawa Elasticity of Substitution is equal to the Hicks Elasticity of Substitution in two goods. I’ve spent a long time trying to …
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Is every subgame perfect Nash equilibrium a Nash equilibrium? In perfect information games, every SPNE is the NE of its corresponding subgame, and that makes it an NE. But I think someone asked a …
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Greatest hits from previous weeks:
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Sorry this might be borderline off-topic (and I am an economics layman at best), but I found this rather puzzling and would like to know why this is happening. I just came across an article which …
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I keep seeing the terms first-order conditions and second-order conditions used in my undergrad economics class on production functions, monopolies, etc but I have no idea what these terms mean. It …
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I’ve been reading and speaking to a number of educated economists and economics PhDs who are against the use of intense mathematics and mathematical proof in economic theory. Specifically I’ve been …
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I’m doing independent study and I am having trouble understanding the difference between these two estimators. I get that 2SLS is predicting the endogenous variable, and that instrumental variables …
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Economists assume that consumers have a set of preferences that they use to guide them in choosing between goods. These preferences have to satisfy three properties: completeness, transitivity and “…
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What is the difference between present value and face value? When I search this question on Google is says they’re the same in some cases and different in others. It says they are the same when the …
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I’ve seen many professors say that Godel’s incompleteness theorems don’t apply to economics. Of course I’ve seen others like Yanis Varoufakis who has on record said that many economics papers defy the …
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Can you answer these questions?
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For a project that I am doing, I need to code up a mulit-stage voting game in zTree. I have never used the program before but I am slowly teaching myself through watching videos and reading manuals. …
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I would like to understand how changes in US government yields impact the USD exchange against other major currencies, eg. the Canadian dollar or the yen. My question assumes that the bond yields …
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Marketmakers are traders who set the price on a financial market, because they have an obligation to buy. Can a supermarket be viewed as a marketmaker (like market makers that operate on the financial …
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