While Lyft is not the only company to experience an expensive typo, the mistakes would be minimized if analysts knew Benford’s Law.
Economic History
US economic history starts with the 13 colonies and the transition from communal to individual land ownership, continues with 19th century economic growth and takes us to the role of services during the 20th century. Involving government, consumers and businesses, at econlife, economic history provides more understanding of today’s economy.
What Pandemic History Can Tell Us
Trying to predict a post Covid future by looking at hundreds of years of pandemic effects, we wind up with uncertainty.
A Tale of Two Canals
Although caused by entirely different reasons, Suez and Panama Canal problems together have shifted supply curves.
Comparing Santa and Amazon
Comparing Santa and Amazon, we can use statistics that reveal equally amazing statistics about package volume.
Selling U.S. Steel for the Second Time
Looking at a 1901 initial public offering and a 2023 Nippon acquisition, we could say that we are selling U.S. Steel for the second time.
How To Boost War Zone Banking
Crucial during peacetime, financial institutions are even more vital for sustaining economic life in a war zone.
Why Coffee Matters in a Merger
With Alaska Airlines offering to acquire Hawaiin Airlines, diminishing airline competition will continue to affect flying (and coffee).
What We Can Learn From Charlie Munger
As much of a lkegendary investor as Warren Buffett, Berkshire Hathaway’s Charlie Munger can teach us a lot about markets.
What the Best Airports Do for Us
Using WSJ’s reliability and convenience ranking metrics for 20 large and 30 midsize airports, we can judge their cost and benefit.
How to Cut the Cost of Commuting
At 26 minutes, my typical commute time is average. But there is a faster way. The Cost of Commuting When the cost of housing was high near work, many of us moved where homes were cheaper. The result was a…