An Empty Question

Imagine a website devoted to talking about concepts. Let us suppose, in fact, that it's a phenomenally great website: it's full of interesting articles on interesting topics and you enjoy it very much (this supposition isn't actually relevant to the thought experiment, I just wanted to throw it in anyway) ... Read more »

Truck and Forklift by Ricecracker

Orders of Magnitude

Imagine you're building yourself a new house, from scratch, and you're trying to guess how many bricks you'll need. You can't be sure in advance what the exact number will be, but you can try to calculate within the right ballpark: will it be thousands? Tens of thousands? Hundreds of ... Read more »

This is kind of an equilibrium

Second Best Equilibrium

In economics, most of our models of the market/economy assume some stylised but ultimately unrealistic assumptions. For example, they assume perfect information, or risk neutrality, or rational decision making on the part of various actors. The second best equilibrium is the equilibrium that occurs in our imperfect world, where ... Read more »

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Sites we like

William Shaw, writing about Politics, Theatre, Sci-fi… Mainly Sci-fi.

Better Explained, for maths explanations that click.

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Jess Whittlestone, a blog about decision making and behavioural science.