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Tag: economics

Carrots are better than sticks

Carrots are better than sticks

photo credit: DanielaNob I came across an interesting article in New Scientist today where research into the “common goods” game provides insight into how collaboration between different individuals in enhanced by incentives rather than hygiene factors. We all experience “common goods” in some share or form, for example when we make use of public health services. The notion behind them is that everyone contributes a tiny amount and makes use of the good when needed. Typically though, certain advantages are…

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Understanding the current economic crisis

Understanding the current economic crisis

Do you have a good grasp of what has caused the current economic crisis? If you haven’t here’s a great video to watch: The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo. It’s an excellent video called The Crisis of Credit Visualized produced by Jonathan Jarvis as his thesis for his Media Design course. The graphic instruments used are great, but I particularly like it because it explains the current problems we have succinctly and elegantly. So if you…

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Why are the markets falling again?

Why are the markets falling again?

Interesting article on BBC looking into why markets around the world are still falling. I’m picking out the most intesteresting question to share with my readers: How much further down can the markets go? Spotting when markets have reached the bottom is a tricky and risky process. Many traders believe in the idea of capitulation, which broadly means a market surrender. This is when investors are prepared to get out of the market at any price because they have given…

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Misleading headlines: Lies, darned lies, and misrepresented statistics

Misleading headlines: Lies, darned lies, and misrepresented statistics

One thing that REALLY gets under my skin is when people manipulate statistics to try and create sensational news. I came across this news article this morning: Malta’s food prices second highest in eurozone By MaltaMedia News Jun 3, 2008 – 10:44:20 AM Food prices in Malta rose by 9.7% in April 2008, more than twice the inflation rate which during the same month stood at 4.1% in 2007, according to Eurostat. Malta, therefore, has the second highest rise in…

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