Misleading With Statistics

How journalists make arguments with distorted data

Selfishness, Economics and Game Theory, Part Two: The Ultimatum Bargaining Game 

The Ultimatum…

What Economists actually do

I had a chat with a mathematician who pointed out that none of the work they had produced mattered, whereas…

How Google's algorithm could fix the financial system

Computation could make banks’ systemic risks visible to all

About 15 years ago, Google's PageRank algorithm transformed the web by making it much easier to search. An…

“Just so” stories of modern economics

Economists like to tell stories with their theories. They look like the wrong stories…

Since the financial crisis of 2007-2008, there's been lots of criticism of how economists…

The Concept of Game Theory

The Prisoners’ Dilemma and Beyond

Economics: How often do we “lose” decades?

According to actual history, much more often than most economists think

Research in economics has a notoriously slow turn around. People write papers and submit them for review, the…