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Reflexivity in Sociology Reflexivity is the theory that a two-way feedback loop exists in which investors’ perceptions affect that environment, which in turn changes investor…

About Campbell’s Law Campbell’s Law is the observation that once a metric has been identified as a primary indicator of success, its ability to accurately…

About Goodhart’s Law Goodhart’s Law is a theory, which was introduced by Professor Charles Goodhart stating that when a measure becomes the target, it can…

About Phillips Curve The Phillips curve is an economic concept developed by William Phillips (A.W. Phillips) stating that inflation and unemployment have a stable and…

The concept of Business Risk A business risk may be defined as the possible loss due to some unforeseeable, unpredictable and unfavorable event in future.…

Lucas Islands Model The Lucas-Islands model is an economic model formulated by Robert Lucas, Jr. It is an economic model of the link between money…

About Rational Expectations In economics, “rational expectations” are model-consistent expectations, in that agents inside the model are assumed to “know the model” and on average…

Adaptive Expectations Adaptive expectations are an economic theory which gives importance to past events in predicting future outcomes. It is a hypothesized process by which…

Cobweb Model Cobweb model or Cobweb theory is the idea that price fluctuations can lead to fluctuations in supply which cause a cycle of rising…

Factors that Affecting Business Risk of a Company – The business risk of a firm is measured by the variability in the operating income of…

About General Equilibrium Theory General equilibrium theory, or Walrasian general equilibrium, attempts to explain the functioning of the macroeconomy as a whole, rather than as…

The Concept of Bose-Einstein Condensation (BEC) Bose-Einstein condensation (BEC), a state of matter in which separate atoms or subatomic particles, cooled to near absolute zero…