Posts Tagged ‘demand’

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    Oscar Markets

    Jan 29, 11 • 229 Views • No Comments

    Can a crowd be smarter than an individual? In The Wisdom of Crowds, business columnist James Surowiecki, says “Sometimes, yes.” Starting with a crowd betting on the weight of an ox and ending with the crowd and democracy, Surowiecki looks at...  [read more]

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    Sounds Like Pistachios

    Dec 25, 10 • 224 Views • No Comments

    “Remember the pistachios,” is a memorable line from a novel by economist Russ Roberts. In the first several pages of The Invisible Heart: An Economic Romance, a teacher says you have been given a room filled 5 feet high with pistachio nuts. The...  [read more]

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    Calamity Markets

    Dec 20, 10 • 264 Views • No Comments

    Some markets are distressed. For close to 30 cents on the dollar, firms that purchase distressed securities have offered to buy loss claims from victims of the Madoff fraud. Instead of waiting for the settlement process to unfold for undetermined amounts,...  [read more]

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    Demand, Supply, and College Admissions

    Nov 19, 10 • 325 Views • No Comments

    You might pay $1.50 to get a cup of coffee or $30 for a blouse. But what do students “pay” to get admitted to a college? And, at what “prices” will colleges accept people?  Several researchers developed a supply and demand model...  [read more]

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    Demand, Supply, and Knee Replacement

    Nov 15, 10 • 292 Views • No Comments

    Hearing about knee replacement surgery from a friend, I soon realized it is about much more than an operation. It involves demand, supply, innovation, and the quality and cost of national medical care. First the facts: For knee replacement surgery, patients...  [read more]