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a behavioral bias capturing the notion that people tend to prefer avoiding losses over acquiring equivalent gains. In economics, this bias is illustrated in theoretical, experimental …
In statistics, hypothesis testing assesses whether data are inconsistent with a given hypothesis.
Anything related to the concept of the Value of a Statistical Life (VSL).
The informal sector, informal economy, or grey economy is the part of an economy that is neither taxed, nor monitored by any form of government. Unlike the formal economy, activities of the informal e…
a part of the economy that is not taxed because it is not reported to the authorities.
ode - ordinary differential equations