A quick and simple introduction to one of the hottest topics in the field of Economics.

The field of Economics was once considered boring and mundane, but not anymore. The field has garnered quite the popularity thanks to the rise of Behavioral Economics - a revolutionary idea that started a…

Ah, the classic p-value. The concept of hypothesis testing and p-value is very familiar to all of us. We were first taught about it in high school and again, in the university if we took fundamental statistics. At first glance, it seems like all powerful and reliable tools that one…

A comprehensive and simple guide to the field of auction theory

The year 2020 was a big year for applied economics. It was the year when two brilliant minds - Paul Milgrom and Robert B. Wilson were announced as the recipients of The Sveriges Riksbank Prize in Economic Sciences in…

Vickrey auction is known for its “too good to be true” property. This type of auctions is designed in such a way that bidders will bid at their true valuations. In other words, they will not lie! How does that even work? …

Albert Wibowo

A full-time nerd

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