Explore the characteristics of democracy and autocracy, comparing their advantages and disadvantages. We examine the impact of these systems on
Category: Behavioral Economics
Topics about Behavioral Economics as a research field in economics.
Preferences and Utility Theory
Preferences and utility theory are the essential building blocks of explaining the behavioral decision-making of households in economic theory. Therefore,
Demand in Economics
What does demand in an economy mean? Why should we understand the demand factors in an economy? Students learning economics
Risk-Sharing and the Corona Pandemic
How can risk-sharing help resolve the Corona Pandemic? Corona Pandemic is a global health risk that all economies face together.
Rational Decision under Uncertainty
How would an individual make a rational decision under uncertainty? This article explains how economists characterize decision-making under uncertainty. Economic
What has happened to American Democracy?
A nation certainly built on the foundation of democracy should not experience such chaos. However, what the world has had
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