As the 2024 American presidential election approaches, the media will inundate us with opinion polls forecasting the election. How do pollsters conduct these polls? I will provide a non-technical overview in this post. For this overview, imagine the Biden campaign has hired us to conduct a poll. Contact Method We will telephonically ask (survey) a small subset (sample) of […]
So, You Don’t Own a Virtual Reality Headset. What Does That Say About You?
This year Apple demoed its first virtual reality (VR) headset, and Meta slashed the prices of its VR headset models. This corporate activity has motivated me to blog about innovative products like VR headsets. In this post, I will describe consumer behavior toward innovative products and discuss some behavioral implications. Most of us don’t own […]
India’s Tiptoe on the Capitalism-Socialism Continuum
Capitalism and socialism are extremes on a continuum of economic systems. Almost all modern economies are a mix of the two. In capitalism, profit-motivated private entities, as opposed to governments, own and manage businesses, and demand and supply drive market prices. In this post, I will use government versus private ownership as the salient difference […]