Archive for December, 2009
FarmVille and the Entrepreneurial Spirit
After hearing about all the money that Zynga has made on its games, I felt compelled to check them out. FarmVille (and its cousins) is a real-time simulation of a business – a farm. It is essentially SimCity for the post-millennial generation. While I do not like the fact that it encourages children to spend [...]
Gold and Silver – Birds of a Feather?
When we think of gold and silver, we often consider them to be very similar. Sure, gold is more valuable than silver. But, they are both precious metals suitable for jewelry and investing. When people get scared that their currency is going to weaken (become rapidly able to buy less), they tend to buy precious [...]
In: Financial Crisis, General · Tagged with: commodities, correlation, currency, deflation, gold, inflation, silver
Not available at any price: An application of the newsvendor problem
I’m a 38 Regular. At least usually. In stores catering to younger men, my suit size is 40 Regular, while in stores catering to older men, I’m a 36 Regular and thus suits are often not available in my size. In all cases, the selection available to me is usually rather small. When it comes [...]