Moral Hazard, Asymmetric Information, Adverse SelectionMoral hazard, asymmetric information, and adverse selection have been huge problems for a long time. They benefit only one side when…Nov 3, 2020Nov 3, 2020
Completing Tasks in Groups or IndividuallyFor society to work well, people complete tasks. Completing tasks is what people do in their whole life, and it is considered important…Oct 30, 2020Oct 30, 2020
Economy vs CitizensJust a few days ago, Korea’s government lowered social distancing level from 2.5 to 1. As social distancing level got lower, the…Oct 23, 2020Oct 23, 2020
Perfect Regularity vs Perfect ChaosPerfect regularity and perfect chaos are two completely different words. Both of them are extreme expressions that can’t be possible at…Oct 19, 2020Oct 19, 2020
Democracy and Communism in Small SocietyDemocracy and communism was a great issue for a long time. After the wars, Republic of Korea is now democratic state, and I also agree to…Oct 16, 2020Oct 16, 2020
Utility and EmotionUtility is a personal satisfaction that people feel. It may be bigger or smaller in environment where one is living and experimenting. One…Oct 14, 2020Oct 14, 2020
If I’m a Doctor (Placebo-Controlled Study and Family)When we develop a new medicine, it must be checked with placebo. This placebo-controlled study helps us know if a new medicine works well…Oct 13, 2020Oct 13, 2020
Higher Risk & Higher Return vs Lower Risk & Lower ReturnAll the people want their returns to be high while their risks are lower than what they want. I recently figured out that it’s impossible…Oct 12, 2020Oct 12, 2020
Pulitzer Prize Photo ExhibitionToday I went to Seoul Art Center and see Photo Exhibition. There were quite more people than I ‘d expected. Anyways, it was my first time…Oct 8, 2020Oct 8, 2020
AccomplishmentEveryone will have accomplishment that they have planned and cleared. It may make them a better person then before, when they haven’t…Oct 8, 2020Oct 8, 2020
