When to Buy Coffee by Location (learned from Imgur)
Author: Marek
The Global Rich List
The Global Rich list is something which I learned about a while ago, but totally forgot about. In the site you can input your income or overall wealth and find out what percentage of richest people in the world you find yourself. If you’re striving to be the richest person in the world, the site…
The Peltzman Effect
The Peltzman Effect is named in recognition of Sam Peltzman (econ professor at University of Chicago). The theory states that the safety effect resulting from regulations or safety measures (e.g. wearing helmets) is partially offset by people acting more recklessly due to increased sense of ‘invincibility’. Hockey and football players often tackle each other at incredible…