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29 September 2009
as a follow up–when comparing the price of public transport, a friend duly noted that it would be more interesting to see the relative purchasing power of people in these cities. conveniently, UBS has published a 2009 report on Prices and Earnings in 73 cities. using New York as the benchmark, here are the relative purchasing powers [...] 11 December 2006
Nash equilibrium: Named after U.S. mathematician John Nash (1928-). In game theory, a concept where each player’s best strategy is to maintain her present (non-cooperative) behaviour given the present behaviour of the other players. oh what a beautiful mind. creative destruction: Coined by economist Joseph Schumpeter (1883-1950). The elimination of one product by a superior product, the [...] |
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