Gregory Mankiw

Signaling: The Language Peacocks, Gazelles, and Humans All Speak

Signaling and countersignaling are hidden methods of communicating with each other. We do it all the time as a way to “prove” we are who and what we claim to be. *** The Basics We are constantly …

The Fairness Principle: How the Veil of Ignorance Helps Test Fairness

The Basics If you could redesign society from scratch, what would it look like? How would you distribute wealth and power? Would you make everyone equal or not? How would you define fairness and …

How (Supposedly) Rational People Make Decisions

There are four principles that Gregory Mankiw outlines in his multi-disciplinary economics textbook Principles of Economics. I got the idea for reading an Economics textbook from Charlie Munger, the …