De Econometrist neemt een statistische kijk op de wereld.
It is 16:00h. The tension is building. They are coming. In the distance, you hear the sound of helicopter blades swelling. You look around. Every flag imaginable is present, people have dressed up and they are ready to party. You check the live stream, they started the climb. A helicopter has come into view, getting closer by the second. The sound of cheers resonance up the mountain. The first rider is spotted two hairpins below. Almost now. Then they take the last turn before the one you are standing in. The thundering roars pierce your […]
If you are a student in Econometrics or Economics, the concept of marginal utility should ring a bell. From your first-year course in microeconomics to the more advanced courses later in your bachelor, the concept plays an important role in understanding microeconomics. The theory is founded on the premise that choices made by consumers are based on the preferences of the consumers. A rational consumer attaches more value to important things and gives up irrelevant items. The subjective theory of value was introduced by Carl Menger (1840–1921), one of the founders of the Austrian School […]
In March 2014, an American band named Vulfpeck released the album Sleepify. With the money raised by this album they did a Sleepify tour across America with shows that people could attend free of charge. Nothing too special so far, what’s the catch? Well, Sleepify lived up to its name: there isn’t a single sound on the entire album. Golden silence Sleepify consists of 10 songs each lasting just over 30 seconds, all of them completely silent. At the release, Vulfpeck asked its fans to play the album on repeat while they were sleeping, thereby […]
Are we alone in the universe? A question that has occupied and fascinated human mind for generations. But with the enormous size of the universe, we can’t possibly be alone right? – Patrick Jans
Many of you have probably watched the most recent race in Imola, where Max Verstappen achieved his 11th career win. During the Grand Prix, two drivers crashed into each other at 300 kilometres per hour and caused the race to be red-flagged. Luckily, the drivers could get out of their cars with no scratches. Had this accident occurred 30 years earlier, however, we would have seen a completely different outcome. The early days Formula 1 is the highest class of international auto racing for single-seater formula racing cars. It is the pinnacle of autosport and […]
You might have heard it in the news lately, the number of billionaires has never been as high as right now. At the beginning of April, the Forbes’ 35th Annual World’s Billionaires List was announced. The number of people owning more than $1,000,000,000 has increased to an unprecedented 2,755. Together they are worth $13.1 trillion, which is way more than the $8 trillion all billionaires combined were worth one year ago. This is partly due to the fact that there is a record high of 493 new billionaires and to the fact that 86% of […]
Let’s suppose that we have a game with two players. One is a person that will make a decision and the other is a supercomputer that will try and predict that decision beforehand. This computer has been tested many times and the testers have worked out that the computer can predict the decision of the player with 99% accuracy. The game works as follows: two boxes are placed in front of the player. One box is clear and contains a visible 1,000 euros. The other box is opaque, which means the contents are unknown to […]
During the 2008 financial crisis, the US housing bubble collapsed since homeowners could not repay their loans, which forced the US government to bail out financial institutions that were “too big to fail” with 21 billion dollars tax money. While we are already in a new financial crisis due to Covid-19, another financial crisis may be looming and the potential permanent damage of this crisis would far eclipse the scale of the 2008 financial crisis. The cause of this financial crisis is climate change, due to which for instance, wildfires, catastrophic floods, droughts, or storms […]
With a deep sigh you blow out the candles on the cake. Today is your birthday and the whole family is congratulating you. You should be happy, but something is troubling you. Last year seems to have passed so quickly, even quicker than the year before. When you were younger, you never understood why your parents were always complaining about how the years went by so fast, but now you’re beginning to realise what they meant. Luckily, you’re not the only one that experiences it. It’s namely the story that everybody seems to understand; life […]
It is no surprise that the 19th century was a time of scientific breakthroughs and wondrous inventions. However, for the people of Philadelphia, this meant that for only one dollar they could admire the most amazing machine in the world: a machine that stayed in motion forever without any external source of energy. The inventor of this device was a gentleman called Charles Redheffer, and his invention attracted a lot of spectators from all over the state. His machine stayed in motion due to two weights which, using gravity, pushed a large horizontal gear away […]
On the 6th of may 2017, I woke up early in the morning to watch a special race: the sub-2 hour project announced by Nike. During my breakfast, a very special athlete was cruising at a pace of around 21.1 km/hour on a race track in Monza, Italy. Guided by pacemakers and an electric car that projected the formation the runners had to run in, Kipchoge was going to do something very special. Inspired by this event, I decided to go for a jog myself. When I came back, Eliud Kipchoge finished the marathon in […]
TKP, have you already heard of them? When you are a student in Groningen, the answer is probably yes. You probably have encountered their famous ‘red tower’ on the ring road numerous times. However, there are also a lot of students who have heard of them but still do not know what it is exactly that they do. Therefore, we have performed an interview with Harm Donkers-Kim of TKP to get to know everything about them. In this article, we will discuss all the ins and outs of the company, their advancements in the field […]
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