https://cuicaihao.github.io/tags/economics/Recent content in Economics on C.CUI's LogHugoen-AUFri, 03 Apr 2026 21:28:09 +1000https://cuicaihao.github.io/posts/2026-04-03-social-capital-structural-holes-and-moving/Fri, 03 Apr 2026 21:28:09 +1000https://cuicaihao.github.io/posts/2026-04-03-social-capital-structural-holes-and-moving/This post explores the impact of social capital and physical location on intergenerational mobility. Based on the research of Raj Chetty and Ronald Burt, it explains how ’economic connectedness’ and ‘structural holes’ provide unique advantages for upward mobility, and why moving to high-opportunity areas is a vital strategy for changing one’s fate.https://cuicaihao.github.io/posts/2026-02-02-heavy-tail-world-obeys-extreme-values/Mon, 02 Feb 2026 11:00:00 +1000https://cuicaihao.github.io/posts/2026-02-02-heavy-tail-world-obeys-extreme-values/A deep dive into the ‘heavy-tailed distribution’ and why our world is governed by extreme outliers rather than averages. It explores the difference between the ‘additive world’ and the ‘multiplicative world,’ explaining how positive feedback loops create the massive disparities we see in wealth, fame, and scientific progress.https://cuicaihao.github.io/posts/2026-02-01-narrative-first-principle-of-universe/Sun, 01 Feb 2026 10:00:00 +1000https://cuicaihao.github.io/posts/2026-02-01-narrative-first-principle-of-universe/A profound exploration of why ’narrative’—the coherent description of interconnected facts—is more fundamental than physics. It explains how relativity, quantum mechanics, and gravity provide the necessary structure for storytelling, and how narratives drive our consciousness, meaning, and collective cooperation.