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#economics

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Mental Models

Mental models are frameworks, worldviews, representations, or explanations of how something works. They're how we understand the world.
Zettelkasten,April 06, 2021

Hyperbolic Discounting

This theory states that humans discount the value of a later reward, by the factor that increases with the length of the delay.
Zettelkasten,April 06, 2021

Inflation

Inflation is the rise of the general prices of an economy in a period of time caused by money supply growth.
Zettelkasten,February 18, 2021

Money Supply

In macroeconomics, money supply is the quantity of the money in circulation that an economy have in a point of time.
Zettelkasten,February 18, 2021

Opportunity Cost

Opportunity cost is the loss of the benefit that could have been enjoyed if the best choice was chosen instead.
Zettelkasten,June 03, 2021