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Equity premium puzzle: The equity premium puzzle is thought to be one of the most important outstanding questions in neoclassical economics. [6] It is founded on the basis that over the last one hundred years or so the average real return to stocks in the US has been substantially higher than that of bonds.
An excellent review of the use of a successful market simulation is given by Motahar (1994) in the Journal of Economics Education. [8] A monopolistic competition simulation game can be used as an example in the standard economics classroom or for experimental economics. Economic experiments using monopolistic competition simulations can create ...
This is a list of British game shows. A game show is a type of radio, television, or internet programming genre in which contestants, television personalities or celebrities , sometimes as part of a team, play a game which involves answering questions or solving puzzles usually for money and/or prizes.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
In 2017, Kahoot! had raised $26.5 million in funding from Northzone, Creandum and Microsoft Ventures. [7] On October 11, 2018, Kahoot! was valued at $300 million. [8] As of 11 June 2020, Kahoot! was valued at $1.5 billion and raised further capital from Northzone. [9] In 2019, Kahoot! acquired the Scandinavian education company Poio. [10]
The public goods game is a standard of experimental economics. In the basic game, subjects secretly choose how many of their private tokens to put into a public pot. The tokens in this pot are multiplied by a factor (greater than one and less than the number of players, N) and this " public good " payoff is evenly divided among players.
Classical economics focuses on the tendency of markets to move to equilibrium and on objective theories of value. Neo-classical economics differs from classical economics primarily in being utilitarian in its value theory and using marginal theory as the basis of its models and equations. Marxian economics also descends from classical theory.
de Marchi, N. B. & Blaug, M. (1991), Appraising Economic Theories: Studies in the Methodology of Research Programs, Brookfield, VT: Edward Elgar, ISBN 1-85278-515-2. A series of essays and papers analysing questions about how (and whether) models and theories in economics are empirically verified and the current status of positivism in economics.