Learn how the marginal propensity to save (MPS) impacts economic decisions and calculations. Discover its role in Keynesian economics and how to calculate MPS effectively.

A new study identifies how to calculate the economic value of temporarily reducing carbon emissions through carbon offsetting. A new study identifies how to calculate the economic value of temporarily ...

Earlier this week I had the great fortune of participating in a Santa Fe Institute workshop on The Calculated Economy in the Era of Machine Learning. The workshop’s broad frame was exploring how AI ...

In deciding whether to undertake a project a corporation usually makes an assessment first of likely reserves and then undertakes an economic valuation based on costs of drilling, chances of success, ...

This article is concerned with showing that the dependence of probable success between two reservoirs has far-reaching consequences for the expected value, volatility, and cumulative probability of ...