Pedro Arantesrose
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#economics

10 posts related to the tag #economics are shown below. Click here if you want to see all tags instead.

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
Network Effects
Network effects occur when a network's value increases for users as more people begin using it.
Zettelkasten, August 19, 2021
Winner's Curse
The winner's curse is a tendency in which the winner of a bid in an auction pays more than the item's intrinsic value or true worth.
Zettelkasten, August 22, 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
Newsvendor Model
This model creates an scenario in which a newspaper vendor must decide how many copies of the day's paper to stock in the face of uncertain demand and knowing that unsold copies will be worthless at the end of the day.
Zettelkasten, July 22, 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
Pareto Principle
The Pareto Principle states that roughly 80% of the consequences come from 20% of the causes for many outcomes.
Zettelkasten, July 02, 2021
Sunk Cost
Sunk cost is a cost that has already occurred and cannot be recovered. In other words, a sunk cost is a sum paid in the past that is no longer relevant to decisions about the future.
Zettelkasten, July 06, 2021

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