Morality
ethics of right and wrong
conventional
to follow standard rules of society
deterrent
intended to discourage an action
beacon
a signal indicating danger
conducive
making a certain situation or outcome likely
posturing
behaving in a way that is intended to impress
disparity
a great difference
incentive
a benefit, reward, or cost that motivates an economic action
correlation
a mutual relationship between two or more factors
information asymmetry
a situation in which one party in a transaction has more information than the other
algorithm
a logical rule that, when applied, guarantees solving a problem
microeconomics
the study of individual consumers and businesses
pragmatist
a practical person
ubiquitous
being present everywhere at once
econometrics
the application of mathematics and statistics to the study of economic and financial data
aficionado
a person who is very knowledgeable and enthusiastic about an activity, subject, or pastime
commensurate
corresponding in size or degree
cudgel
a club that is used as a weapon
ambiguous
having more than one possible meaning
derive
to come from something else
