The Myth of the Gender Wage Gap Econometrics Equal Pay Day on March 15th, 2022 This date is supposed to symbolize how far into the year women must work to earn what men earned in the previous year. The idea is to illustrate the alleged pay gap between the genders. Since this date is approaching […]
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Superbowl – Risky vs Safe Strategy Econometrics | Game Theory The NFL season comes to an end with the two best teams facing off against each other in the highest stakes game they will ever play in. There are money incentives, branding opportunities, glory, and fame. Not to mention that the Superbowl is the most-watched
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Survivor – Breakdown of the Greatest Social Game Econometrics | Game Theory Survivor is a reality television show, that prides itself on being one of the greatest social experiments ever. Players, about 20, are put on a remote island and must provide food, shelter, and fire for themselves. Players are initially put into multiple tribes
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Income Inequality – A Natural Phenomenon Econometrics Pareto Distribution Named after Vilfredo Pareto this distribution model is used to describe the social, economic, and scientific wonders of the world. The model explains how items are distributed among elements within a system. It was initially used to describe the distribution of wealth in society but looking
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How Valuable is Your Time? Econometrics | Financial Freedom A social construct is something that doesn’t actually exist in reality but instead, it exists because of human interaction, that we agree upon as a whole. One of the greatest and most useful social constructs is time. It allows society to be able to track the
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