Category archives: Humanities & Social Sciences

Experiments in fairness

Experiments in fairness

Economics

By José Luis Ferreira

This is the ultimatum game: You are provisionally allocated USD10 with the following instructions. You have to decide a way to divide this money with another person. If she or he agrees, the division is carried out. If not, you both get nothing. What would you do? How would you react if you were the […]

MI weekly selection #14

MI weekly selection #14

Humanities & Social SciencesScienceTechnologyWeekly Selection

By César Tomé

3-body problem gets 13 more possible solutions Scientists have come up with 13 new solutions to the “three-body problem,” a situation in which three objects orbit each other in a pattern. The discoveries, which will help astrophysicists further understand planetary systems, brings the total number of solutions to 16. Science now Milovan Šuvakov, V. Dmitrašinović […]

MI weekly selection #13

MI weekly selection #13

Humanities & Social SciencesScienceTechnologyWeekly Selection

By César Tomé

Bunnies implicated in the demise of Neanderthals in Iberia Excavations are shedding light on what might have been a significant factor in the demise of the Neanderthal: the inability to hunt small game. The remains of large animals are prevalent in Neanderthal cave excavations, but the bones of smaller animals such as rabbits were prevalent […]

MI weekly selection #11

MI weekly selection #11

Humanities & Social SciencesScienceTechnologyWeekly Selection

By César Tomé

“Native” water once existed on the Moon A new analysis of lunar soil samples from NASA’s Apollo missions has found evidence that the moon in its early days may have contained “native” water. The findings, which were published in the journal Nature Geoscience, go against prevailing theories that the moon formed from the debris of […]

Experimenting with markets

Experimenting with markets

Economics

By José Luis Ferreira

Markets are the most studied economic mechanism for two main reasons. First, they have existed in most societies. Second, at least since Adam Smith we have learned some of the interesting properties they possess. In particular, the modern General Equilibrium Theory, in its standard version, asserts that rational agents interacting in a competitive market with […]