Economics

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The prisoner's dilemma (or prisoners' dilemma) is a canonical example of a game analyzed in game theory that shows why two individuals might not cooperate, even if it appears that it is in their best interests to do so. It was originally framed by Merrill Flood and Melvin Dresher working at RAND in 1950. Albert W.

Prisoner's dilemma

Prisoner's dilemma
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Greg Mankiw's Blog

To divert attention from the disastrous rollout of his health reform, President Obama has decided to change the national conversation to discuss increasing inequality. This phenomenon is not new--the trend started about four decades ago--but it is real and important. In case you are a new reader of this blog, you can find my personal views on the matter in this paper. Greg Mankiw's Blog

Federal Reserve Economic Data - FRED - St. Louis Fed

Federal Reserve Economic Data - FRED - St. Louis Fed More Services Events Information on conferences, seminars, and workshops sponsered by the Research Division. 8th District Economy Find economic data and reports on economic conditions in the Federal Reserve's Eighth District. Careers Job Opportunities offered by the Research Division Page One Economics Includes a newsletter, data "starter set", and other economic resources.
The Census Bureau, the authoritative source of health insurance data for more than three decades, is changing its annual survey so thoroughly that it will be difficult to measure the effects of President Obama’s health care law in the next report, due this fall, census officials said.The changes are intended to improve the accuracy of the survey, being conducted this month in interviews with tens of thousands of households around the country. But the new questions are so different that the findings will not be comparable, the officials said.An internal Census Bureau document said that the new questionnaire included a “total revision to health insurance questions” and, in a test last year, produced lower estimates of the uninsured. Thus, officials said, it will be difficult to say how much of any change is attributable to the Affordable Care Act and how much to the use of a new survey instrument.

Marginal Revolution

Marginal Revolution