Rational Estimation and Price Under Uncertainty

This article talks about ways to deal with uncertainty, and I will also briefly define the concept in contrast with simple risk. Definitions: Uncertainty vs Risk Rational Estimation without Uncertainty Rational Estimation with Uncertainty 1 – Definitions: Uncertainty vs Risk Uncertainty and risk are both not simple economic phenomena. They are generic elements of complex … Read more Rational Estimation and Price Under Uncertainty

The Real Link Between Technology and Entrepreneurship

In the mind of American culture, and perhaps other cultures as well, technology and entrepreneurship are inextricably linked. One usual explanation is the idea of particularly creative people. These creative people are into creating new inventions and are also able to successfully launch a business due to the same creativity. Another explanation is that technology … Read more The Real Link Between Technology and Entrepreneurship

Crowdfunding Continues to Evolve

This article will discuss three ways in which crowdfunding continues to evolve. The three ways are: Continued decentralization through self-hosting crowdfunding development. Innovation through subscription crowdfunding. Numerous benefits from increased acceptance of bitcoin. We recently discussed a crowdfunding plugin for WordPress and I mentioned some of the amazing possibilities this would allow. It would allow … Read more Crowdfunding Continues to Evolve

The Importance of Moral Information

This article will argue that information is heterogeneous. It will further argue that a particular kind of information is moral information and that information is a key driver of consumer and producer preference. These preferential changes can result in significant shifts of entire supply and demand curves. Let’s say you are told something. You are … Read more The Importance of Moral Information