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Is Blockchain the most important technology of our time?

Blockchain is said to be the technology which will have the greatest social impact over the next decade, more so than social media, Artificial Intelligence, and Big-Data. Moreover, this effect will not only occur in the developed world, but also in the developing one. Hearing this, you’d be forgiven for being sceptical, forgiven for wondering how this unknown Blockchain technology will become the most impactful … Continue reading Is Blockchain the most important technology of our time?

What is Rationality in Economics?

Rationality in economics is described to be a decision-making process of an economic agent that seeks to maximise utility. To best understand the notion of rationality in economics, it is best to compare it to rationality in a more psychological sense: the quality of being able to think sensibly or logically. This comparison highlights that rationality in economics is more concerned with the outcome of … Continue reading What is Rationality in Economics?