By Aaron Leonard An Overview of Loss Aversion Imagine you are given the following bet: you will earn $X if a coin turns up heads but would lose $100 if the coin turns up tails. What value of X would be required in order for you to accept the bet? It turns out that on…
Category: Theory
Climate Change: Could it just be natural? Part 4
By Beatrice Omotosho Human impacts – Anthropogenic Greenhouse gases Humans have had an indisputable impact on climate over the last 100 years and this fact has become very clear since 1960s. This is because of the vast increase over a short period of time of short and long lived greenhouse gases (LLGHGs) namely CO2, N2O,…
Climate Change: Could it just be natural? Part 3
By Beatrice Omotosho Volcanic eruptions Volcanic eruptions release small fine particles of SO₂ into the atmosphere. Large, explosive eruptions in particular such as the 1991 Pinatubo eruption, cause these particles to reach the stratosphere. These particles often linger for about 1-5 years and move around the globe as it reacts with the atmosphere forming sulphuric…
Climate Change: Could it just be natural? Part 2
By Beatrice Omotosho Climate as a Phenomenon Climate is characterized by mean air temperature, humidity, winds, precipitation, and frequency of extreme weather events over a lengthy period of time, at least thirty years scientists say. The climate forms and follows long term trends usually of periods of warming and cooling. Climate change is therefore a…
Climate Change: Could it just be natural?
By Beatrice Omotosho The science of climate change is a field in which most laypersons are not knowledgeable in nor familiar with. Now this means if you: like I, are a fellow believer, you may find yourself faced with a situation where a climate change sceptic is disputing the facts you believe to know, and…
Testing the Theory: New Research on Asymmetric Information
By Cassi Ainsworth-Grace
The Mechanics of Trading
This content is published on behalf of the Economics Policy Research Group. By Pratiksha Saha The process of integrating technology and finance is not new and the threats that developments in software bring to the finance industry are well documented. However, the rapid innovation that is occurring in the field of Artificial intelligence demands a…
Behavioural Economics and Climate Change
This content is published on behalf of the Economics Policy Research Group. By Soyoun Won This essay is aimed to analyse how behavioural economics can contribute to solving the climate change problem. The Alliance of Small Island States (AOSIS), including Nauru, Tuvalu and Vanuatu, are at stake of their national survival due to the rise…
Musk Effect: Social Media Influence on Share Price
This content is published on behalf of the Economic Policy Research Group By Dain Rohtla Finance is an ever-changing field that shifts as the world around it does. With the growing presence of social media, it is indispensable in business. Behavioral finance takes people’s biases and judgement into account and assumes people do not always…
Creative Destruction: The Collapse of Thomas Cook
By Lucy Wright ‘Move fast and break things.’ The motto of Facebook founder and CEO Mark Zuckerberg encapsulates a sentiment which could be aptly applied to the attitudes the economic structure in which we currently reside. Our fashion is fast, our media is churned out by the minute, our transport uber quick. Yet this defining image…
Behavioural Economics: how far has it come and what’s next?
This content is published on behalf of the Economics Policy Research Group By Valeria Ryabchina When I first came to St Andrews my degree was Economics & Psychology, and when asked to explain such an unusual choice, I would often say ‘I like behavioural economics’. Up until December 2017, many non-Economics students would have told…
He Wasn’t Always Like This: Erdoğan’s Populism Explained
Polen Türkmen explores Recep Tayyip Erdoğan’s populist image and how it has evolved over time.
