I offer to pay you $200 in one year if you give me $190 today. Good deal or bad deal? It’s the kind of math problem you might encounter in real life, as opposed to, say, whether the cosecant of a ...
Math in economics — as well as its smaller cousin finance — is seductive for a number of reasons. One is simply our human brain. Illusory pattern perception is a well-documented occurrence whereby our ...
Managing your financial life involves some basic math skills. Nothing terribly complicated, and it's stuff you probably learned by sixth grade. Here is a quick sample of a few items on the survey from ...
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