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Cryptocurrency owners can engage in decentralized finance (DeFi) by lending out their crypto through automated lending pools.

Decentralized Finance (DeFi) and the Future of Banking

Rather than applying for a loan through a bank, you can automatically borrow cryptocurrency online by putting up an equal or greater amount of collateral. This is decentralized finance (DeFi), and is a growing part of the finance industry....
5 min read
Composite Demand Definition
Definitions Competitive markets

Composite Demand Definition

Published on May 15, 2024

Image of Bitcoin bar chart on a smartphone.
Behavioural economics Business economics Competitive markets

How Technology Diffusion and Democratization Are Reshaping Retail Trading in the Age of AI

Published on May 15, 2024

Sepia tone image of a Saab with broken rear window.
Behavioural economics Business economics Competitive markets

How Friction Costs and Present Bias Drive the Economics of Junk Car Disposal

Published on May 15, 2024

A group of fi e women, 4 of whom are black sitting a conference table.
Behavioural economics Competitive markets Business economics

How Signaling and Reputation Economics Explain the Changing Landscape in DEI in Business

Published on May 15, 2024

Two people at an open laptop, one of who is pointing at the screen while the other is touching the touchpad.
Behavioural economics Business economics Competitive markets

How Adverse Selection Distorts the SEO Industry: A Market for Lemons

Published on May 08, 2024

Laptop with orange text displayed on the screen: "JOIN US ONLINE."
Business economics Behavioural economics Competitive markets

How Overconfidence and the Dunning-Kruger Effect Create an Entire Economy of Illusion

Published on May 08, 2024

Market Structure
Definitions Competitive markets

Market Structure

Published on May 07, 2024

Pure Competition
Definitions Competitive markets

Pure Competition

Published on May 07, 2024

Laptop open with trading graph and a cup of coffee on a coaster to the right of i
Behavioural economics Business economics Competitive markets

How Network Effects and Platform Economics Are Reshaping the Retail Trading Tool Market

Published on May 07, 2024

Map of the United States with black and white pins in it.
Behavioural economics Competitive markets Managing the economy

How Optimal Taxation Theory Explains—and Challenges—the U.S. Exit Tax

Published on May 06, 2024

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Shoppers outside of a store of a well-known luxury brand that counts as a Veblen good, meaning popularity increases as price increases.

The Economics of Social Status: Why We Pay More for Less

Veblen goods are luxury goods that violate the Law of Demand, which states that quantity demanded of a good falls as price rises. Veblen goods actually become more popular as prices increase. Why is this the case? Can the purchase of such goods be reasonable?...
5 min read

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Could sophisticated AI software quickly determine the maximum you would pay for any item, and charge you accordingly?
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