An exploration of the paradox of thrift, which suggests that increased individual savings may lead to decreased overall savings and investment in a depressed economy.
The St. Petersburg Paradox highlights the discrepancy between the theoretical expected value of a game and the amount individuals are willing to pay to play, despite an infinite expected payoff.
An analysis of the Paradox of Value, which highlights how essential goods like water and air are often cheaper than non-essential luxury items.
An in-depth exploration of the prisoner's dilemma, a fundamental concept in game theory where individuals acting in their own self-interest fail to achieve the best possible outcome for the group.
