Triage Tradeoffs

As much as ethics and healthcare, the triage during emergencies like Katrina is about cost, benefit and economic tradeoffs.…

The Choices That Elevators Make

Assume that you are on the seventh floor waiting for one of three elevators. Car 1 can arrive in 15 seconds but the total wait time will be 25 seconds because it has a stop on the eighth floor. Closer…

©2016 econlife. All rights reserved.