An economic term used in cooperative game theory to refer to a configuration of pay-offs that minimizes the maximum dissatisfaction among coalitions.
Definition and examination of the Nudge Unit and its role in applying behavioral insights to public policy.
Understanding the concept of the null hypothesis in statistical inference.
A good used as the standard of value for other goods, with its price defined to be one.
A comprehensive overview of NYSE Euronext, a pan-European stock exchange formed from the merger between Euronext and NYSE Group in 2006.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Nash Equilibrium" 6date: 2023-10-05 7description: "Understanding the concept of Nash equilibrium in game theory, its characteristics, and criticisms." 8tags: ["Game Theory", "Economics", "Nash Equilibrium"] 9--- 10 11## Background 12 13Nash equilibrium is a fundamental concept in game theory where each player's strategy is optimal given the strategies of all other players. Named after John Nash, a prominent mathematician, it represents a situation in which no player can benefit by unilaterally changing their strategy.
`yaml meta: date: false reading_time: false title: “Non-Discrimination” date: 2023-10-05 description: “Equal treatment for comparable cases contrasted with discrimination, which is differential treatment on irrelevant grounds.” tags: [“Economics”, “Labor Economics”, “International Trade”, “Equality”] `
Background The principle of non-discrimination is grounded in the idea of fairness and equality, asserting that comparable cases should be treated equally. This concept is crucial for ensuring that no individual or group is subjected to inappropriate differential treatment based on irrelevant factors.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Non-satiation" 6date: 2023-10-05 7description: "non-satiation The assumption that a consumer will always benefit from additional consumption. The demand for some goods may have a finite limit, but it is likely that there is some good or service a consumer would benefit from having more of." 8tags: ["Economics", "Consumer Behavior", "Demand Theory"] 9--- 10 11## Background 12 13Non-satiation is a fundamental concept in microeconomics that pertains to consumer behavior.
--- meta: date: false reading_time: false title: "North American Free Trade Agreement" date: 2023-10-05 description: "An analysis of the North American Free Trade Agreement (NAFTA), its historical context, definitions, and impacts." tags: ["international trade", "free trade", "agreement", "NAFTA", "North America"] --- ## Background The North American Free Trade Agreement (NAFTA) was a landmark trade deal implemented in 1994 that aimed to create a trilateral trade bloc in North America by reducing tariffs and other trade barriers among Canada, Mexico, and the United States.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Not-for-Profit Organization" 6date: 2023-10-05 7description: "Definition and meaning of a not-for-profit organization (NPO), synonymous with a non-profit organization." 8tags: ["Not-for-Profit", "Non-Profit", "Economics", "Organization"] 9--- 10 11## Background 12 13The term "not-for-profit organization (NPO)" is used interchangeably with "non-profit organization." Both refer to entities that operate for purposes other than generating profit for their owners or shareholders. Such organizations aim to support various social, educational, cultural, health, and other community-oriented initiatives.
