Daniel Kahneman: The Psychologist  who won a Nobel Prize for Economics

Daniel Kahneman: The Psychologist who won a Nobel Prize for Economics

Daniel Kahneman and his colleague Amos Tversky studied human behaviour when faced with uncertainty and risk, and came up with groundbreaking results; primarily, that human beings are not necessarily the rational agents of economic theory. Daniel Kahneman

Daniel Kahneman: The Psychologist  who won a Nobel Prize for Economics

Daniel Kahneman: The Psychologist who won a Nobel Prize for Economics

Posted by: on Apr 21, 2016 | No Comments

Daniel Kahneman and his colleague Amos Tversky studied human behaviour when faced with uncertainty and risk, and came up with groundbreaking results; primarily, that human beings are not necessarily the rational agents of economic theory. Daniel Kahneman

Michigan’s Gun Lake Casino to Double its Size with a $76 Million Expansion

Michigan’s Gun Lake Casino to Double its Size with a $76 Million Expansion

Posted by: on Apr 14, 2016 | No Comments

The Gun Lake Casino in Wayland, Michigan has announced a $76 million expansion plan that is expected to nearly double its size. Ed Pigeon, vice chairman of the Gun Lake Tribal Gaming Authority Board said in a news release on January 7, 2016,

Moral Hazard and the Global Financial Crisis

Moral Hazard and the Global Financial Crisis

Posted by: on Apr 7, 2016 | No Comments

Competition produces efficient outcomes when certain conditions hold. One of these is that all the agents involved have all the information that they need. However, in the real world, one often observes asymmetric information; the existence of asymmetric

Mohegan Sun Group Wins License to Open Casino in South Korea

Mohegan Sun Group Wins License to Open Casino in South Korea

Posted by: on Mar 30, 2016 | No Comments

The Mohegan Tribal Gaming Authority, along with KCC Corp, a South Korean chemicals manufacturer, won a bid to develop the Inspire Integrated Resort at Incheon, located west of Seoul, the capital city of South Korea. The Inspire Integrated Resort

MGM Resorts International Delays Opening of New Macau Resort to 2017

MGM Resorts International Delays Opening of New Macau Resort to 2017

Posted by: on Mar 23, 2016 | No Comments

MGM Resorts International has decided to delay the opening of its new resort in the Cotai district of Macau, due to gloomy market conditions. Gross gambling revenues in Macau fell 34% in 2015, to a five-year low of $28.8 billion from a year ago,

Apple vs the FBI – A Case of Privacy vs Security

Apple vs the FBI – A Case of Privacy vs Security

Posted by: on Mar 16, 2016 | No Comments

On December 2, 2015, two terrorists, Syed Rizwan Farook and his wife Tashfeen Malik, killed 14 people and injured 22 others in the city of San Bernardino, California. The couple were shot dead by the police in a shootout following a chase.

Sharad Joshi: An Economist Who Worked for India’s Farmers

Sharad Joshi: An Economist Who Worked for India’s Farmers

Posted by: on Jan 31, 2016 | No Comments

Exiting 2015, India lost one of her free market champions, Sharad Anantarao Joshi. At a time when farmer suicides are becoming rampant across the nation, someone like Joshi, with his ideas for agriculture, will be sorely missed. Many have called

What Lies in Store for the Indian Economy?

What Lies in Store for the Indian Economy?

Posted by: on Jan 22, 2016 | No Comments

In an interview with Indian Express, in November 2015, Finance Minister Arun Jaitley said, “The biggest strength of India and the silver lining is its resilience. Our systematic firewalls have to be such that the ability to resist the

Will Macau Steal Las Vegas’ Crown in 2016?

Will Macau Steal Las Vegas’ Crown in 2016?

Posted by: on Jan 13, 2016 | No Comments

Unfortunately, Santa forgot to visit Macau in 2015. The year didn’t start off too well for this gambling destination, seemed to get worse as it progressed and ended in disappointment, with revenue down 34% from the 2014 levels. So, which casino

Global Economic Outlook 2016

Global Economic Outlook 2016

Posted by: on Jan 4, 2016 | No Comments

With the world still seeming to recover from the last Great Depression, concerns regarding the global economy and its impact closer to home, in India, only seem appropriate. Bidding adieu to 2015, Managing Director of the International