I’m in the middle of writing my bachelor thesis in economics right now and so far it’s been a roller coaster and we’ve had to change subject multiple times now, which is a bit stressful to say the least. Since I’ve spent a lot of time reading research and thinking about what could be potentially…
Economics is the study of decision making by individuals, using mathematical models and empirical methods. One of the big problems of economics (and of all social sciences) is that we cannot conduct randomized experiments the same way as in natural sciences. Imagine a political science researcher proposing that for the next term in office in…
A couple of months ago, I started an instagram profile about books on economics that I’ve read for anyone looking for suggestions. It’s a new year and a will continue to update every week. I’ve added the stream here at the blog and if you want to see more.
In this blog post I present an economic perspective on what magic is in the Harry Potter saga and how the principles of economics can be used to analyse this society. Since the big difference between wizards and muggles is the use of magic it seems to appropriate to write a post about what magic…
In this post I analyze the political system of the wizarding world of Harry Potter after reading the first three books in the saga. We don’t know much about the political system in the magical society because it’s not explicitly described. But we can from the story, inferring from the behaviour of government agencies and…
A while back I wrote a longer piece on how to design a market system within the game Pokemon Go, and what aspects that I think will determine what the effects will be when the update comes. In this second blog post about economics related to the game I discuss how society in pokemon universe…
Thinking about economic aspects of the Harry Potter universe made me wonder, why are there poor people in the wizard community? The Weasleys are perhaps not very poor by the standards of muggles. But the ability to do magic could certainly be very lucrative if you lived in the muggle society, so in theory it…
Det är mågna som påstått att det faktum att bettingmarknaderna bedömde det som osannolikt att Trump skulle vinna presidentvalet och att resultatet av folkomröstningen i Storbrittanien skulle bli ett brexit visar att bettingmarknaderna hade fel. Det är möjligt att de hade fel, det går dock inte att avgöra utifrån ett eller två enskilda fall. Bettingmarknader…
Last night I came up with a thought experiment where utilitarian logic might stick in the eyes of many people, or not I’m not sure. I haven’t heard of this thought experiment before, but if someone already have written about it, I would love to hear more about it. In this thought experiment, you are…
Här är två nyheter som kanske inte verkar vara relaterade till varandra. Låt mig förklara hur de gör det och varför det är viktigt. Den ena nyheten handlar om orkanen Matthew som dödat hundratals människor på Haiti, gjort tusentals utan hem och slått ut viktiga samhällsfunktioner. Orkanen nådde Florida under fredagen och visserligen orsakade den dyra…