Hi Everyone,
I would just like to give everyone a quick update regarding my whereabouts for the upcoming 3 weeks.
I am going overseas for about 2 to 3 weeks. I will be going somewhere with very limited internet access, therefore I will not be posting during these 3 weeks. When I get back I will fill you all in on my little adventure. I generally don’t do travel blogs but I think it will be nice just to show a slightly different side of my life away from economics. I have previously posted about my adventures at Uluru and Kata Tjuta.
Focus on my return
I will be focusing much more on economics posts and less on my contests when I return. The economics posts will be becoming more focused on application as the year progresses. Many of the theoretical posts and videos were merely setting the stage and providing background knowledge to understand how economics is applied. Jumping straight into application can be very difficult and many readers/viewers could easily get lost without sufficient knowledge of the theory underpinning the application. It will be important for reader/viewers to make use of links provided in the posts to help clarify concepts that are not explained in the post itself.
Economics
I will continue and complete my market structure series. My post/s on oligopsony should be of particular interest to the Steemit community as it has strong implications regarding post revenue and upvoting. I will follow up the written posts with videos to add an extra layer of clarification around the content.
I will also bring back my dark side of economics series. There are plenty of areas economics is either being applied very badly or being used for the purpose of manipulation. I feel this content is relevant to everyone and everyone needs to know how economics is being used and who is benefiting the most from its current application. This content can be quite controversial but I have faced little opposition on Steemit so far.
Economics is everywhere series will also start-up again. I still need to catch-up with the videos. I am also working on some ideas and examples of how economics keeps appearing in our lives without us even thinking about it. People need to understand that economics is not a distant and strange phenomena but is in constant play in all our lives.
I still have many more posts to include in my game theory series. I don’t think I have covered zero sum games or Bayesian equilibrium. I will also continue my research on my ‘triple threat’ hypothesis and my market placement strategies. I am even going to challenge ‘Nash’ mixed equilibrium. I feel the application of his mathematically sound approach to mix strategies has limited application because it is not dynamic in nature and cannot be adequately applied to repeat games. Repeat games are the most logical use for a mixed strategy rather than one-off games. I will explain in a lot more detail in future posts.
Cruelty free economics
I am going to continue on my ‘cruelty free economics’ journey (previously called vegan economics, I will explain in more detail in a separate post why I have changed the name and the significance of the name change). So far I have explained how my journey started and what inspired me to pursue a plant-based diet and a cruelty free lifestyle. I have also covered 5 areas of animal cruelty as well as a post that focused on cruelty relating to horse racing. I will also focus more closely on particular groups of animals that are subject to cruelty in various ways.
Contests
I am not going to completely neglect my contests. I will have a meme contest and puzzle contest in June. I might run just one puzzle contest a month instead of 3 or 4. I will also introduce my new trading game contest which is based on Challenge 3 of my recently completed six weeks economic challenge series. This contest will require participants to buy goods in one place and sell in another. The participant that makes the most money wins. The selling prices will be determined by a Microsoft Excel-based random number generator using a triangle distribution.
To sum it up
I will be dedicating quite a lot of time to my Steemit content in the second half of 2018. Some of my work and research will go quite deep into the subject matter but at the same time I will make as much of the content as I can accessible to my wider audience. I will include links to my other posts in most of the posts as some prior knowledge of certain economic concepts will be necessary to get the most out of my posts. Over my first year on Steemit, I have built up quite a collection of theoretical posts that will be very applicable to my upcoming posts. So I recommend you make use of these links.
I would like to thank all my followers, readers, and upvoters. There is much more to come on this channel.
