Predicting and understanding markets is tough stuff, in fact I don’t think any one has done it well thus far.  Part of the problem is that markets have an irrational factor, namely, human behavior. Behavioral Economics is a new field of study that aims to integrate psychology and neuroscience to the study of Economics.

Given a recent conversation on “where would you live in the world” I dug up some info on 1., standard of living and 2., human development index.  Here are some fun facts to consider next time someone asks the “where should you live” question:   The United States ranks 4th in GDP (or gross domestic product), but 92nd in terms of distribution of […]