
By Guest Blogger Wesley Suplit, product manager, SDMyers
After my first year in college, I discovered my favorite curriculum – economics. This surprises my friends and family because that discipline is known for its dry content and difficult math concepts. However, I had a completely different and inspiring experience. The course, and, really, my professor, opened my eyes to the beauty of observing how people make decisions.
What rocked my world was how simple economics could be. Conclusions could be inferred simply by observing phenomena and then performing thought experiments related to the observations. The goal of a thought experiment is to explore the potential consequences of the principle in question. Surprisingly, no mathematical formulas or complex equations were needed. [Read more…]