De Econometrist neemt een statistische kijk op de wereld.
Today is international Pi-day: the 14th of March, also denoted as 3.14, which are the first digits of . To celebrate this beautiful day, let us read and analyse the following poem: Yes! A rare procrastination Something to donate poems and avoid homework Challenge: deliver beautiful and pi-fun messages! This message may seem as just a couple of sentences that are formed a little unnaturally. It does make sense however, as the poem follows a strict structure. If you write down the length of all words in the poem, you will find the following: 3 1 […]
You may have heard that the Dutch government bought 12.7 percent of Air France-KLM share worth 680 million euros. This has brought up a lot of commotion between the French government and the Dutch. The Netherlands actually already had some stocks in KLM but not in Air France-KLM. So why did the Dutch government suddenly buy these stocks in secret? Dutch economy and KLM The primary reason for this is the fact that Air France is not doing so well. If we look at the numbers we see that Air France’s profit is much lower […]
In the past few weeks you probably have come across the composition of Great Britain and the word exit, Brexit. Simply said, the Brexit is the departure of Great Britain who are currently still part of the European Union. Motivation The relationship between Great Britain and the European Union has been complicated since they joined the former EU, the European Economic Community in 1973. Although the U.K. was one of the first countries to establish the EU, their borders and currency remained in their power. Great Britain has several reasons for leaving the EU. This […]
The Netherlands has one of the most developed pension systems in the world. However, this system is deteriorating in comparison with how it used to be in the past. The reason for this event is, among other things, our ageing society, the increased life expectancy, the descending interest and the enormous amount of freelancers. A lot of people are questioning whether our current pension system is connecting with the time we live in right now.
It is one of the first concepts that you will learn in almost any introductory statistics course: the normal distribution. In more advanced courses, the concept of normality becomes so “normal” that the distribution itself is rarely looked at in depth. Why do so many things follow a normal distribution? Properties of the normal distribution The normal distribution is a mathematical creature also referred to as a “bell curve” because of its shape. All data that is normally distributed can be converted to a standard normal distribution, represented by the picture below. The x-axis gives […]
As an infant you were never tired when you had to sleep, to wake up a teenager you need a cannon shot and in our “golden” years napping seems to come as easily as breathing. Sleep and its underlying processes hold many mysteries. Why does the brain switch between different stages of sleep? Why do you still feel groggy after a night of sleep sometimes? Despite a lot of available data and research, researchers still find it hard to answer the basic question about one of our most essential bodily function. In order to understand […]
Last year they sold almost 10,000 watches, they planted one tree for each watch sold and next to that one of the owners was also still studying. This is the story of the company called WoodWatch, of which one of the founders, Jeroen Westerbeek, studied econometrics in Groningen. In this article I will tell you about him, about his company, and how he combines this with econometrics. How it started The company WoodWatch was founded in 2013 by three friends who were all studying at the University of Groningen. One of them is Jeroen […]
“Wat een mooie tekening kind!”, “Schat je ziet er prachtig uit”, “Alles gaat goed met me” of “Tentamen gehaald met een 7”. Zo nu en dan een beetje overdrijven of een leugentje om bestwil daar is niemand echt vies van. In elke taal, in elk land, bij elke cultuur, of je je nou als man of vrouw of iets daartussenin identificeert, iedereen liegt. Uit onderzoek van de Universiteit van Michigan blijkt dat de meeste mensen geen gesprek van tien minuten kunnen voeren zonder een leugen te vertellen. Vaak zijn deze leugens van een altruïstische aard […]
Almost every person in the world has thought at least once about the idea of a world without money. But since there does not truly exist a place where money is non-existent, it is very hard to imagine how a world without money would look like. How would you feel when we had a world without money? Would it make me happy, or would it feel like I live in one big communist world where everyone is equal? Would I feel more free without the burden of having to earn money, or would I wish […]
Het spel Nim is een spel dat waarschijnlijk al een paar duizend jaar geleden bedacht is in het Verre Oosten. Het spel wordt gespeeld door 2 personen. De opstelling van het spel bestaat uit een willekeurig aantal verzamelingen (lucifers, muntjes, papiertjes enz.) met een willekeurig aantal elementen. Het doel van het spel is om er voor te zorgen dat jij degene bent die het laatste element pakt. Het spel heeft ook een misère versie. Hierbij doe je precies het tegenovergestelde, oftewel je moet er voor zorgen dat jij degene bent die niet het laatste element […]
Economic policy allows a governing body to control the way in which the people will use their utility. In this article, I’ll be discussing the foundation of different economic systems, what their positives and negatives are, and will controversially try to compare these systems. Communism When most people from western countries hear of communism, they think of poverty, and the lack of innovation in the system. The way communism was implemented in the former soviet-union was far from perfect. But the important thing to take away from communism is the things that did work, and […]
A recent study has shown that in coming years global labour markets will undergo major transformations. This will be due to the so called “Fourth Industrial Revolution”, which is caused by companies looking into the possibilities of machines and algorithms. The study prognosticates that in 2022, 42 percent of all jobs will be performed by machines, while at this moment this percentage is 29. Jobs that are most likely to disappear are those consisting mainly of paperwork and those of the less educated. The study states that jobs based on human skills such as creativity […]
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