stackyFACTSAn entire economic network dedicated to sailing hundreds of miles just to trade armbands and necklaces that had absolutely zero practical utility whatsoever.
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An entire generation of adults intuitively understands supply and demand purely because they chopped imaginary yew trees in 2005. Runescape introduced a…
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Wall Street experienced a totally terrifying trillion-dollar market wipeout in may two thousand and ten, universally known as the flash crash, when the Dow…
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If you've ever seen the movie Trading Places, you might think it's a joke, but the frozen concentrated orange juice market is terrifyingly real. Because…
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In 2005, a Japanese stock trader accidentally offered 610,000 shares of a company for 1 yen each, instead of 1 share for 610,000 yen. The instantaneous error…
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Any transaction where one party hides fatal flaws is driven by information asymmetry. Whether it is an antique dealer buying a dusty painting from a clueless…
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Making things too convenient can utterly destroy the underlying purpose of a system. When Diablo III launched, it featured an auction house where players…
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