Predicting the future is a hard concept to grasp. That is why this article aims to discuss some daily applications of predictions and dives a bit in to the world of forecasting.
“This is truly amazing news and a gigantic win for the earth, our children and all of us. The judge has spoken clearly: Shell causes severe climate change and will have to end that rapidly.’’ These were the words of Donald Pols, director of Milieudefensie in the Netherlands, after a lawsuit in which Shell was forced to bring back its CO2 emissions by 45% in 2030 compared to 2019. The event is historic: never before had a court forced an oil company to take more action in diminishing greenhouse gas emissions. The judges acknowledged that […]
It’s Saturday evening and you’re watching a football game with a couple of friends. Unfortunately, the game is between mediocre teams, so you don’t expect to see a great match. However, one of your friends has an idea to spice it all a bit up and to make the game more entertaining. You decide to all put in 10 euros, so you can place a bet on the outcome of the match. The game which you assumed to be boring before, is now starting to become a bit tenser. And it’s not only you and […]
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 […]
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 […]
Een primeur! De allereerste podcast in de geschiedenis van de Econometrist. In deze podcast duiken Sjors en Jochem dieper in de rol van sport in het leven van een student, en alle keuzes en uitdagingen die daarbij komen kijken. Tune in en zone out door jezelf onder te dompelen in de wereld van de studentensportverenigingen, de FOMO die door sport op de loer ligt en de anekdotes van twee zelfverklaard ervaringsdeskundigen. Te beluisteren op zowel de Econometrist als Spotify! Deze podcast is gemaakt door Sjors Keet en Jochem Hak
With trading cards becoming more popular the last year, it seems not only collectors have taken an interest. Some investors and companies are now starting to invest in these trading cards.
It is the year 2007. The school bell has rung and you’ve jumped on your bike and are sprinting home as fast as possible. At home you fire up the Windows Vista powered desktop computer, you launch the game client, and “Jungle Island” starts to play. It is time to fish an inventory full of lobsters. Afterward, the long walk to Varrock west bank starts. Luckily, you have just finished your typing courses, so you can start spamming your offer as fast as possible: “Selling lobsters 200 ea”. And now you just have to wait […]
Computers are taking over manual labor at an unprecedented rate. Currently, 29% of all labor is automated. It is expected that, in the US alone, 38% of jobs are automated by 2030. This increasing level of automation also paves the way for new forms of attack by domestic or foreign actors: cyber-physical attacks. Stuxnet In 2010 a new kind of computer virus was discovered in nuclear facilities in Natanz, Iran. The virus targeted PLCs (programmable logic controllers) that controlled centrifuges in uranium enrichment facilities. It is widely believed that the virus’ primary target was the […]
Remember those good old times when you could just use an all lowercase letter password of just six characters? You might have to bury deep into your memories, since those times are long gone. For me, the last such password I can remember, was my password for Spele.nl ten years ago. Back then, I could simply use turnen as my password, since that was my favorite sport. However, nowadays you need to include both lowercase and uppercase letters, characters, and numbers in your password, which also needs to be at least eight characters long. Why […]
It started with marching bands, Micheal Jackson made it big, Diana Ross used a helicopter and Justin Timberlake caused women to be ignored for 7 years during the hiring process. We are of course talking about the Super Bowl Half-Time Show! The 15-minute extravaganza has been part of the sports event since the start and has helped it to become one of the largest broadcasted events each year. However, it took 26 Super Bowls to figure out that hiring A-list talent was the way to go. Michael Jackson, U2, Lady Gaga, Shakira & Jennifer Lopez, […]