Archive for the 'Science & technology' Category

Last week, I participated in a discussion panel on urban poverty and urbanization. Over the course of the session, a fellow discussant highlighted the potential of working-from-home phenomenon in reducing the need for urban centers. I am unsure if I could agree with the suggestion. First off, such decentralization is possible. It is not out […]

The gig economy can be many things but within the realm of ridesharing, I see it primarily as a shock absorber in the labor market. That means ridesharing is a temporary fall back plan if you have trouble in the formal market or in between jobs. Here is an example of ridesharing as a shock […]

As technology progresses with information becoming richer and more accessible, it is easier and easier to do targeted policy. Governments, especially those with conservative economic leanings compromising with democratic pressures, love targeting because in theory, it is cheaper and it avoids wastage. In fact, going back to basic microeconomics, it might even eliminate deadweight loss. […]

Traditions and dogmas rub one another down to a minimum in such centers of varied intercourse; where there are a thousand faiths we are apt to become sceptical of them all. Probably the traders were the first sceptics; they had seen too much to believe too much; and the general disposition of merchants to classify […]

In general, quantum mechanics does not predict a single definite result for an observation. Instead, it predicts a number of different outcomes and tells us how likely each of these is. That is to say, if one made the same measurement on a large number of similar systems, each of which started off in the […]

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