Category: Economics

Is a university degree still worth it? For many in Gen Z, the question feels more urgent than ever. Despite skyrocketing tuition fees and growing student debt, university enrolment continues to rise, with a seemingly zero price elasticity of demand. On the surface, this makes sense—higher education has traditionally been seen as the path to…

Humans are inherently risk-averse. This means that, when presented with a choice, most people tend to prefer a certain, lower reward over a higher potential reward that comes with greater risk. The St Petersburg Principle involves a hypothetical game where a fair coin is flipped until it lands heads. The payout for the game doubles…