Diversification is one of the best ways to minimize risk, without having to lose returns by buying insurance.

In this post, I'm going to explain what types of Insurance are available to you!

Insurance I talked about Insurance in my last post, but, in short, you can think of it as any imaginable way of minimizing risk, either by doing it yourself or by paying a company to do it for you. The

Just like we saw in my last post, every single decision we make carries with it some risk. So, how can we minimize it?

Risk Risk is also a board game "the possibility of something bad happening" (Cambridge Dictionary) It's always present. Every decision, project, or investment carries with it risk. That said,

Economics, Kahneman & Tversky, The Value Function

Happiness As we have explored in my last post, happiness is influenced by many factors, namely material and psychological ones. But, even if all the inputs would put you on a path to increase your happiness,

Happiness and Money In classical economics, it's assumed that humans have unlimited wishes, we always want more things. But, with psychology getting better at explaining why we do things, we came to understand

Foreign Aid Foreign Aid is international help sent by richer countries to developing countries. It is intended to help them grow and invest in their own economies' modernization and industrialization.

People migrate inside their own countries and between countries for various reasons, the main one being to simply try to have a better life.

Hey, just found out about Buzz!

Taxes Taxes have been a part of human society from the beginning of time, from the Roman Empire to the Egyptians. But, nowadays, what purpose do they serve, beyond just "raising money for the

That said, what are the main problems with increasing Earth's population?

What are the main problems with increasing Earth's population?

How does Universal Heath care work? Whether you agree with it or not, Universal Health Care is common in our world.

A post about Salaries. Includes Labor Market, Monopsony, Efficiency, Unions.

Framing Framing describes how a human, with exactly the same information, can end up arriving at two different conclusions. You might think this impossible, but some examples will make it very obvious!

The Game Setup You enter a BTC lottery. After a few days, you discover you lost BUT you were chosen as Player 2. Intrigued by what this means, you go back to the lottery website and see a message, explaining

Rationality When talking about economics or investing, we can assume that people are mostly rational, in the sense that: For two different investments with the same return, investors prefer the less risky

What's an Oligopoly? An Oligopoly is a market where only a handful of companies sell a specific good or service. Usually, this means their products and prices are very similar. Are there that many Oligopolies?