We all have strengths and weaknesses. One of my faults which is heightened in the “instant” world in which we live in 2023, is a lack of patience when it comes to waiting in line. If you want to really punish me, ask me to stand idly in a queue. I find waiting [...]

Distinguished economists, statisticians and mathematicians often have their name associated with some economic theory, concept or tool. Some examples include Giffen goods, the Nash equilibrium, the Phillips curve and the Gini coefficient. Today, I would like to introduce you to another economic concept - Goodhart’s law. This “law” testifies that social or economic [...]

Marriages and mortgages have something in common - they are both “death pledges”. In a non-secular marriage ceremony, each partner vows to stay with the other ‘until death do us part’. Home buyers who execute a mortgage also commit to a “death pledge”, but not in a literal sense. To explain this, we [...]