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Globalization

Written By: The Homo Economicus on March 9, 2010 2 Comments

I’ve been tweeting for a few days already in @tweetabtnothing. This have caused me to reflect on the way information is transmitted nowadays in the internet. Ten years ago, the problem of the search engines in the internet (do you remember Yahoo! and Altavista?) was not only having a good algorithm for the search but [...]

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Written By: The Homo Economicus on December 7, 2009 1 Comment

I’m not opposed to trade between countries and globalization in general. Not only because I think the world could only benefit from it in the long run, but also because it is a inevitable process.

However, I understand that in the short run, the dynamics of the world can generate losers in this process. Classical trade [...]

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Written By: The Homo Economicus on July 27, 2009 2 Comments

My claim in this post is that the Law of Large Numbers (LLN) “guarantees” that the information in Wikipedia is reliable.

LLN is a theorem in probability that states that a random variable will converge to the population (finited) expected value when the number of observations increases. What am I talking about?

Well, let’s use [...]

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Written By: The Homo Economicus on July 7, 2009 8 Comments

My friends from childhood, and even my brother, would say that I’m “stingy“. However, an Indian girl from Delhi I met some weeks ago, told me that I have “splurging tendencies”. It is, indeed, very confusing. What’s happening?

I realized I’m suffering from Money Illusion, which is when decisions are influenced by nominal amounts of money. [...]

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Written By: The Homo Economicus on June 26, 2009 2 Comments
Globalization

These are the main headlines in Thanjavur’s newspapers today – it says: “KING OF POP, MICHAEL JACKSON, PASSED AWAY”

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