epiphi

How do you make new year's predictions? 1. Assemble a list of predictions about what you think will happen in the next year. 2. Assign probabilities to each item. I follow the approach of picking a limited number of probabilities (51%, 60%, 70%, 80%, and 90%) and assigning one to...

I recommend "Pricing niche products: Why sell a mechanical keyboard kit for $1,668?" for providing a practical case study in price dynamics that helped with my economic intuitions. The author's friend had created a new custom keyboard kit. Their friend's previous kit had sold out in minutes, so clearly something...