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Having entered the knockouts, World Cup rules mandate a penalty shootout that economists can explain with game theory.
Looking back to the first text message, few of us would have predicted its spread and impact during the past 30 years.
In addition to our behavior at the supermarket and the gas station, inflation has created the incentive to go on cheap dates.
Connecting economics, current events, and history, this week's economic news roundup ranges from sports team prices to Bitcoin history.
As the first of our December e-links, we recommend a Bloomberg Businessweek article that will help us understand the crypto world.
With crypto markets in disarray, perhaps some Bitcoin history and vgocabulary can help us understand what is happening.
Hello Everyone-
I’m Elaine.
Having been in the classroom for decades, written three books (and some of a fourth one), I like to think about economics everywhere all the time. Every day, I’ve added a blog to econlife—now it has been almost 14 years and more than 4,000 posts. I am delighted that you are here and hope we can have some economic fun together.