SOCIAL CHOICE THEORY
Social Choice Theory is the philosophical and mathematical study using various aggregation methods to determine the type of conclusions a society may have. It is theory that states that when the individual preference of the many are combined, it creates a social welfare function. The social welfare function is basically the ranking of preferred scenarios that a society is possible to undertake.
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Tit for Tat
Game theory mechanism subject to a payoff matrix similar to a prisoner’s dilemma. Anchored on the concepts of retaliation and altruism, this ...
Nonsegregated Disclosures
Information that must be presented legally anywhere in a lease agreement. These are required by the Federal Reserve Board Regulation M. The lease a ...
Product Line
A series of related products which are all made or manufactured by the same company.
Behavioral Economics
The scientific study on how the mind thinks and how each person reacts as it relates to the process of decision making in economics of individuals ...
Infant-Industry Theory
A theory stating the emerging domestic industries must be protected against foreign competition until they become established and mature. In econom ...
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One day, you are in the middle of a financial hardship. Unfortunately, you still have student loans to pay. What will you do? In times like these, ...
Ethical Investing: Its Advantages and Disadvantages
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A Guide to Your Personal Income Tax: Steps to Take before April 15
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Retirement Planning: Creating a Nest Egg
Last time, we discuss the different income sources for building a retirement fund. We shall now tackle the ways to create a retirement nest egg.
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