Economics

Explore the Prisoner's Dilemma, a game theory challenge where rational individuals might not cooperate, even when it's in their best interest. Learn how the Infinite Prisoner's Dilemma and the concept of 'delta' can lead to cooperation and mutually beneficial outcomes.

Explore the causes of economic recessions, including the balance of supply and demand, inflation, interest rates, and the impact of external shocks and psychological factors.

Explore the tragedy of the commons, where individual self-interest depletes shared resources, leading to overfishing, pollution, and other environmental problems. Learn how social contracts and regulations can help overcome this dilemma.

Explore the intricate process of money laundering, from its historical roots to modern-day complex schemes. Understand the three key stages: placement, layering, and integration, and learn how criminals attempt to 'clean' dirty money for use in the legal economy.

Explore the economics behind airline overbooking. Discover how airlines use statistics to maximize profits, balancing revenue with the cost of bumping passengers. Is it ethical?