How to Slice a Pie
Welcome to economics boot camp. There are a few key ideas that I'd like to take time to explain, because they're absolutely crucial to building up the models I'll be writing about here. Even more important than the math, though, is getting the intuition behind these concepts. If you understand the rest of this post, you should have a solid grasp on how I am building the models for my simulation, and why they work the way they do.
