Economics of NFT’s

NFT’s burst into the public’s awareness in the last few years; however, they have been prevalent for close to a decade. They have created much speculation around its growth, which led many to be confused as if it is something one should buy as the public has continued to see people make tens of thousands of dollars in minutes or become a millionaire overnight. Many people lack awareness around many of the variables in this complex equation, such as the blockchain, how NFTs work, what makes an NFT valuable, and why they are not like any other economic market? One Continue reading Economics of NFT’s

How to win a penalty shootout

At the end of this february the two english soccer teams Chelsea Football Club and Liverpool Football club play each other in a well known final for the domestic English Football cup. The game was filled with immense action full of missed opportunities, incredible saves and multiple offsides. The game due to this continued into overtime as both teams were unable to finish their chances and put the game away. After two additional 15 minute halves of overtime the game was to be decided by a penalty shootout. Chelsea here made an interesting decision. Their Goalkeeper Eduard Mendy, was subbed Continue reading How to win a penalty shootout

Sanctions in English Football

Chelsea Football Club is a historical English club that has been a prominent force in English and European football for 20 years. The club was founded 114 years ago but was given extreme capital in 2006 due to a financial takeover by the Russian Oligarch Roman Abramovich. The “Russian oil money,” as typically stated in slanderous remarks by rival fans, allowed the club to splash large quantities of cash on stadium upgrades, new transfers, and development in their youth team, enabling them to cultivate young and exciting talent as well as bringing in the new and prominent names. However, this Continue reading Sanctions in English Football

Managing Procrastination

We all struggle with time management, from putting off going to the gym or doing one’s homework to getting one more episode of your favorite Netflix show in or folding that last load of laundry. When looking at why we procrastinate, it can be found that statistically that 20 percent of adults are chronic procrastinators. This dilemma can be seen in the understanding that if we find a task difficult, unpleasant, or adverse, we tend to avoid them to get the most utility out of a situation in economic terms. This idea is usually becoming relevant since one cannot manage certain Continue reading Managing Procrastination

Economics of reality TV show dating

Reality Television shows are a genre that have been prevalent in our society for decades now, being attractive due to their intrigue and drama. As we have progressed from the early days of the Bachelor and Married at First Sight, new shows have created new premises that have involved and made more game theory applications and new ways to model scenarios. Too Hot to Handle is a British dating show that blew up over the 2020 period of COVID. The premise of the show is they get a group of physically attractive individuals together and put them in a scenario Continue reading Economics of reality TV show dating

Cerealnomics

For more than a century, Corn Flakes have been a staple cereal in American diets everywhere. This crispy golden flaked cereal was initially released in 1894 and since has been led by their main mascot Cornelius, a green cartoon chicken who has been the centerpiece of their simplistic box design since the mid-1960s. However, since late January, Cornelius has begun to cause conflict regarding laws around exportation in Mexico. Mexican officials as of now have confiscated 380,000 boxes of Kellogg’s Corn Flakes raiding warehouses north of Mexico City. The reasoning behind this: Mexico has multiple intertwined laws affecting marketing around Continue reading Cerealnomics