Positional Goods

Economist discuss positional goods, which are goods that are in fixed supply. People can only enjoy these goods if others do not. Some examples include the best education, best jobs, and best home locations.Positional goods for previous generations have become...

Student and Guinness

In the beginning of the 20th century, the Guinness Brewing Company made an innovative move that changed the world of statistics. They hired William Gosset, a mathematician and chemist (they actually hired him for his chemistry skills, but it was his mathematical...

Nonlinear Science

The Mahalanobis Blog has an interesting comment on nonlinear relations (the blog is actually on a much different topic). His example is uses a straight line to describe a relationship, when the relationship is much more complicated. Rather than summarizing it, here is...

Free Software

Softwarefor.org has made a compilation download of free software for students. The software is for Windows and Mac operating systems. One of the most important pieces are Openoffice.org’s suite of office applications. These programs are very similar to Microsoft...