Category archives: Economics

Cost of energy and its variability can be reduced in tidal power

Cost of energy and its variability can be reduced in tidal power

EconomicsEnergyMechanical Engineering

By BCAM

Tides are more predictable than winds or sunshine. Then, why are not they already widely used as a source of renewable energy? The simple answer is that designing and building an ocean energy array is quite complex. This complexity has an associated variability in the cost of energy that makes projects difficult to evaluate from […]

The properties that characterize the definition of Nash equilibrium

The properties that characterize the definition of Nash equilibrium

EconomicsMathematics

By José Luis Ferreira

Strategic decision is the object of study for Game Theory, a discipline that started officially with the book The Theory of Games and Economic Behavior, by John von Neumann and Oskar Morgenstern . For non-cooperative games, i.e., games in which individuals make decisions individually and with no strings attached, the book was restricted to zero-sum […]

Is boost the new nudge?

Is boost the new nudge?

Economics

By José Luis Ferreira

Here, I summarize the discussion on the normative differences between nudges and boosts presented in Sims and Müller, 2019 . Behavioral Economics studies the systematic biases in economic decisions that occur because our cognitive processes are constrained and, thus, context-neutral optimization is impracticable. This area of research started with Tversky and Kahneman (1974) , and […]