The subjective theory of value defines how an object's worth fluctuates according to personal views and context. Understand ...

Microeconomic theory often yields models with multiple nonlinear equations, nonseparable unobservables, nonlinear cross equation restrictions, and many potentially multicolinear covariates. We show ...

The Greater Fool Theory involves overpriced securities finding buyers among hopeful investors. Understand its impact on investing and possible risks involved.

When you start a small business, you quickly learn that you survive by meeting customer demand. The patterns in that demand can seem mysterious at first, but if you familiarize yourself with the ideas ...