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Monthly Archives: February 2014
Vegans…The negative externality thought.
Is being a vegan really good for our planet? There are many reasons people choose to be vegans, animal cruelty being on the top of the list. I agree that animal cruelty is a heinous act but are we … Continue reading
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Could the Police Departments Become Private-owned Companies?
One of the questions that bothered me recently is that why the police departments couldn’t be private-owned. United States is a privatized country. Most of the companies are private-owned, and it works very well and makes the U.S. becomes the … Continue reading
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How about this snow?
As I’ve been outside wandering and hiking around in this crazy and beautiful weather I’ve found myself laughing at people in ill equipped vehicles attempting to get around in this inclement weather. Be it a car with no front wheel … Continue reading
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Advertising Externalities- Cigarettes
Cigarettes are a demerit good which is a good that is over provided by the market and consumption of this good is harmful to society. Cigarettes are harmful to society because they produce a negative externality. This is because the … Continue reading
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Tracking externalities in the private sector
Negative and positive externality costs and benefits are rarely the stuff that makes headlines. While they are easy to identify on a principle’s level graph ,in the real world it is harder to find them stated in such black and … Continue reading
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Murder Rate vs. Internet Explorer.
The best example I could find in differentiating between correlation and causation is explained in a graph published by gizmodo.com. The graphic shows a strong correlation between the market shares of the web browser internet explorer and the amount of murders in the … Continue reading
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Distinguishing Between Correlation and Causation: A Key to Critical Thinking
I often hear people make statements and argue points with poor judgement. Many of these misguided opinions occur because of that person’s failure to accurately distinguish between correlation and causation. One analogy that could be made to highlight this phenomena … Continue reading
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Pay Women More?
Last week during President Obama’s State of The Union address he made the claim that women workers make 77 cents for every dollar that men make. It was one of the President’s largest applause lines indicating most in the audience … Continue reading
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Is Valentines reserved for those in relationships? Beer says otherwise.
On a day as forced and manipulated by corporations and multimedia companies as Valentines, there are deals galore from chocolate, to booze. But does this drastic shift in prices correlate with the season of those in love, or the loveless? … Continue reading
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Can the Super Bowl Really Predict the Stock Market?
Tomorrow evening, millions of people will tune in to watch the forty-eighth Super Bowl between the Seahawks and the Broncos. Some will do it because they are fans of one of the teams that are playing, many will do it … Continue reading
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