Thomas Schelling: Winning the Game of Love (Without War)

Even though it may feel like the holidays are over, another is just around the corner. Valentine’s Day is coming and it’s an opportunity for loved ones to express their feelings for one another with chocolates or assorted gifts. But what am I supposed to get my girlfriend? What is she supposed to get me? Obviously, we know each other’s tastes and preferences, but we need a way of making sure that we are both on the same page for how much we will spend on each other. If my girlfriend buys me a nice, expensive watch, and I give her a $5 Starbucks card, I will be in the doghouse until July. Thomas Schelling’s adaptation of game theory can give some answers to this. Continue reading “Thomas Schelling: Winning the Game of Love (Without War)”

Bernie Sanders is Angry About Deodorant and Sneakers

During the height of the Democratic primary season in 2016, Senator Bernie Sanders made news by lamenting “You don’t necessarily need the choice of 23 underarm spray deodorants or 18 different pairs of sneakers when children are hungry in this county.” Bernie asks an interesting economic question – why do we have so many choices between products that are essentially the same thing? Paul Krugman won the Nobel Prize in 2008 in part for answering this question. Continue reading “Bernie Sanders is Angry About Deodorant and Sneakers”

James Buchanan: Surprisingly, Politicians Are Humans

With a simple discussion on how stuff gets done in the political arena, it is easy to understand why it’s so hard to achieve the intended outcomes of that “stuff.” Everything is riddled with side-deals, loopholes, and compromises that detract or cause larger problems than the one(s) they are trying to solve. Continue reading “James Buchanan: Surprisingly, Politicians Are Humans”

Getting Internet From the Tap

Recently, I dipped my toes into the net neutrality debate. I shared an article pointing out that a graph, tweeted out by a Representative of California arguing in favor of net neutrality, ironically, makes the argument against net neutrality. This graph highlighted the perspective of the average consumer, i.e.—under net neutrality, internet services actually become more expensive. Sharing this article put me directly in the line of fire by some very passionate netizens (net neutrality advocates). Continue reading “Getting Internet From the Tap”

Slow-Boiled By Good Intentions

In case you didn’t know, we surpassed the $20 trillion mark in debt. Like many recent college grads or new homeowners, the United States has piled on more debt than what it brings in every year. In fact, the government debt is larger than the amount of goods and services we produce in a year! In 2016, the Gross Domestic Product, or GDP for the U.S. was around $18 trillion; $2 trillion less than the total debt. Continue reading “Slow-Boiled By Good Intentions”

Progress In Cuba Thanks To Airbnb. Don’t Stop It.

As the Trump administration considers how to go about “canceling the last administration’s completely one-sided deal with Cuba,” and now closing up the US embassy due to mysterious “sonic attacks,” Airbnb is hoping that it doesn’t scare off the booming business from U.S. tourists. Continue reading “Progress In Cuba Thanks To Airbnb. Don’t Stop It.”