Have you ever felt that Elo based games were a painful experience? Have you tried quitting them but nevertheless kept playing and convinced yourself it was the right decision? Have you ever wondered why you kept on playing after a lost match until you won again but still felt terrible? As a gamer for 10 years, ZeXin explores this topic through the lens of prospect theory.
The global minimum corporate tax theoretically supports countries’ national budgets and creates an equally competitive environment among countries. Lam Do discusses this plan from a variety of perspectives.
Will I have enough money to retire? It’s not a question that many people think about until they near the end of their working lives. The question of how much to retire with is an important one. Join Travis as he analyses the retirement income system in Australia and compares its effectiveness with the situation in other countries.
The availability of too many choices is leading to non optimal decisions for customers across the world while simultaneously benefitting industries across the world in establishing monopolies and charging more , join Mahnoor Tariq as she investigates the underlying impact of taking analysis paralysis into account.
With the increased information and use of innovative technologies the earth has seen an increased ageing population. Join Henry, as he analyses the political and economical issues that arise with ageing populations drawing, using Japan as a case study.
Are you in search of that next great book or article to read that could advance your economic knowledge and maybe even enrich your worldview? Look no further and join ESSA’s editorial team, as we recommend our favourite books and articles we’ve come across this month. For May’s edition, our recommendations span topics including the manipulation of consumers on behalf of tech-giants, an impressive account of History’s greatest economic thinkers and a publication that analyses pressing issues in Asian politics and economics.
GDP has long been the measure to determine a country’s economic power. Danie Attwood explores it’s limitations and some alternative measures of overall economic wellbeing.
“Isolating policies and factors that can create a successful economy within any given country is an inherently complex and nuanced problem that evades straightforward or cookie-cutter explanations”. Join ben, in his second article of a two-part series exploring African development economics, as he sets out to analyse several approaches that could contribute to economic success in Africa.
Ever thought about why things lasted longer in the past? Hannah Shiau explores what planned obsolescence is, the harms that it causes, and the current battles in the legal, consumer and producer sphere surrounding this issue.
Now that Australia is through the worst of the COVID crisis, there are a set of ‘state responsibilities’ that ought to be considered for reform. Join Lachlan Hotchin as he investigates and suggests some some of these changes.
Electric Vehicle (EV) Technology has gained much public attention as an area of significant progress in the global effort to reduce carbon emissions and mitigate climate change. Join Josh as he considers the efficacy of government subsidies to support the uptake of EVs in Australia.
Want to learn more about the engrossing history of Bitcoin? Join Hooi San Ng as she gives her verdict on the book ‘Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money’.
Ever thought about the hidden costs of your holiday? Jack Myers explores the dark side of Airbnb and its contribution to the worsening rental crisis in regional Australia and around the world.
Bangladesh has celebrated its 50th year post-independence. Join Abrar as he explores the rich economic history behind the a country that has grown so much from after the war.
COVID-19 has set many countries on a turbulent roller coaster ride. With vaccine rollouts being driving the possibility of international travel as it seems, Shabeeh Haider walks us through the behavioural economic intuition behind why vaccinations are met by resistance.
Why have memes, tweets and clips of NBA stars been selling for millions? What exactly are these assets and where do they derive their astronomical value? Irene offers a high-level view of NFTs and why their impact on markets is not just madness.
The recent Suez Canal blockage has caused disruptions to international trade and transit times. Join Stephen as he discovers an unlikely index as a predictive source of economic health.
With record numbers of graduates each year, the labour market has become increasingly tough for graduates. Geoffrey investigates whether a degree is still useful in society and whether Australia is producing too many graduates.
What is debt? David explores debt through a moral and economical lens and its implications on our future society. With discussions about happiness and the innate structural deficiencies in hegemony, David guides us through ‘why we ought to rethink debt.’
Is the power of the manufacturing shifting to India’s hands? Join Ishika as she utilises empirical evidence to draw parallels between India’s current position and China’s past ascension into the industry.