Posts Tagged ‘markets’

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    Uncommon Markets

    Dec 3, 10 • 290 Views • No Comments

    Bets on the Royal Wedding: Bookmakers are placing wagers on the color of the Queen’s hat, whether Kate will say “obey” in her vows, the length of the bride’s train, and total BBC viewers. People are even starting to bet on the gender...  [read more]

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    Demand, Supply, and College Admissions

    Nov 19, 10 • 459 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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    The Afghan Votes Market

    Sep 19, 10 • 271 Views • No Comments

    In Kunduz Province, the price of a vote was $15 while in Kandahar, it was closer to $1.  Do we have a market? Just like shoes or shirts, it appears that the price of an Afghan vote was determined by demand and supply. For the Afghan election, according...  [read more]

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    Can More Be Less?

    Apr 25, 10 • 362 Views • No Comments

    At Starbucks, no one orders just a regular coffee, at the Gap, we look at easy fit or relaxed or straight leg, and when selecting health insurance, we think about deductibles and prescription drug coverage. Everywhere we have many choices. One experiment in a...  [read more]

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    Hot Wing Markets

    Mar 29, 10 • 312 Views • No Comments

    Opening on April 1 in NYC, the Exchange Bar & Grill has food and drink prices that respond instantaneously to demand.  As described in a Reuters article, if everyone wants hot wings, then, in $.25 increments, the price increases; if no one wants...  [read more]