Rethinking Risk: Applying "Freakonomics" to Modern Risk Management
“What Do Schoolteachers and Sumo Wrestlers Have in Common? How Is the Ku Klux Klan Like a Group of Real-Estate Agents?” Freakonomics: A Rogue Economist Explores the Hidden Side of Everything, by Steven D. Levitt and Stephen J. Dubner, challenges conv...
Econometrics of Climate Change
For years humanity has been able to unlock ingenious inventions to battle against obstacles of our development, from antibiotics to the internet. Yet one obstacle remains one of the most formidable challenges we face, one where ingenious inventions d...
Mental Health Benefits of Hobbies: Why Every Student Needs One
"Your university years as a young student are often said to be the best years of your life. Make the most of them, as you will never get that time back”. You may have already heard this popular saying in your surroundings. Some students view these ye...
When analyzing some statistics in econometrics and related fields, the gender ratio emerges as a notable aspect. Historically, like many other areas in STEM, econometrics has experienced a disparity between the number of males and females. Reflec...
Doesn’t it sometimes feel like getting things done is impossible when the weather changes? During winter it seems impossible to sit at a desk and work when all you want to do is drown yourself in a fluffy blanket, watch movies and drink hot chocolate...
In the wake of the recent controversy surrounding Nickelodeon and the troubling environment allegedly fostered by Dan Schneider in children’s television, ’Quiet on Set’ serves as the inspiration for this article. It delves deeper into the economic im...
Last month, we saw the Japanese Yen at a 34-year low, past 160 per dollar. Back in the 1980s, economists discussed when Japan would surpass the US in GDP due to its astronomical growth and technological superiority. Now, 40 years later, we have the a...
Although Covid might be a thing of the past, it is never too late to draw lessons from the unique natural economic experiment it has provided us with. While most might have missed it in the middle of all the drama, April 2020 will be forever recorded...
Individuals often make irrational decisions. We force ourselves to finish our meals, even if we’ve eaten too much and our stomachs hurt. We hold onto new sweaters bought in the wrong size because we’ve already paid for them. This irrationality pose...
As the preparation for the upcoming 2024 Olympic Games in Paris, scheduled to take place from July 26th to August 11th, are approaching, anticipation and excitement are growing. The major event taking place only every four years is the dream of every...