In a “stag hunt” game, multiple hunters must cooperate each other to successfully encircle and hunt a stag.
Imagine a world with no scarcity; a world with no externalities. Imagine that resources are unlimited and our actions have no consequences on our surroundings.
When a pestilence caused the deaths of more than half of the population of Milan in 1846, it was evident that a clean and well-designed urban environment would be essential for human welfare.
“When a number of flute players are equal in their art, there is no reason why those of them who are better born should have better flutes given to them; for they will not play any better on the flute, and the superior instrument should be reserved for him who is the superior artist”.
On February 3, 2020, Huoshenshan Hospital, an emergency specialty field hospital covering an area of 34,000 square metres and containing 1,000 beds, opened its doors for the treatment of Covid-19 patients in Wuhan, China.
The Rule of 70, sometimes also referred to as the Rule of 72 or Rule of 69.3, is a method for approximating the number of years it will take for a number to double, given its annual growth rate.
The coronavirus pandemic has bluntly exposed how a large number of people across the world are susceptible to health and economic shocks.