I investigate the relationship between university rankings and economic growth and found that the relationship is statistically significant. The more the number of universities that a country has in international university rankings, the higher its GDP per capita. What is more surprising is...

Twelve sets, proposed as social choice solution concepts, are compared: the core, five versions of the uncovered set, two versions of the minimal weakly stable sets, the uncaptured set, the untrapped set, the minimal undominated set (strong top cycle) and the minimal dominant set (weak top...

This article analyses statistical reasoning of Spain’s Euro 2008 success. It argues that Spain success is related to its high level of domestic competition. This line argument was also supported with the examples from previous Euro football tournaments.

Rating systems measuring quality of products and services (i.e., the state of the world) are widely used to solve the asymmetric information problem in markets. Decision makers typically make binary decisions such as buy/hold/sell based on aggregated individuals' opinions presented in the form...