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When is the best time to buy plane tickets?
Money & Business

When is the best time to buy plane tickets?

...course, no company wants to discount its product more than it has to. Hence, the airlines face two somewhat contradictory goals: to maximize revenue by flying full planes and to sell as many full-fare seats as possible. This a process known in the industry as yield or revenue management. Airlines and their bucket lists Here is how yield management works. For each flight...
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Article 5 mins
What actually happens if Britain leaves the EU?
Society, Politics & Law

What actually happens if Britain leaves the EU?

...course the UK might sign new deals. The terms are unknowable, however, and the expectation must be that they will be worse than those the EU has, for simple reasons of market scale. One of the arguments put forward for Brexit is that EU membership precludes the UK signing its own FTAs. This is correct but there is an obvious reason. If it were allowed for the UK then it...
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Article 10 mins
Success and failure in healthcare: should regulation be simple or integrated?
Health, Sports & Psychology

Success and failure in healthcare: should regulation be simple or integrated?

...course, healthcare professionals and their co-workers’ scope of practice, their technical gadgetry and medicinal substances are provided within an organisational structure. Each of these three elements is heavily regulated in the UK to ensure that, mostly, healthcare is controlled, efficient and above all safe. Of course this is not always the case. The Report of the...
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Article 10 mins
Averages
Science, Maths & Technology

Averages

...course, 2. What happens if a new colleague joins us, and the new colleague has 3 children? Well, now the total number of children is 11, and the mean number of children per person is 11 divided by 5, which comes to 2.2. Now none of us actually has 2.2 children, and of course it’s not possible for any individual to have 2.2 children; but that doesn’t matter. The mean...
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Article 5 mins
War enthusiasm
History & The Arts

War enthusiasm

...course, there was a crucial difference between the British army and those from the continent: Britain’s was a volunteer army, not one made up of conscripts, and it could be argued that the huge numbers of volunteers that rushed forward in the first weeks of the war indicate the extent of war enthusiasm in Britain. Between 4 August and 12 September, more than 478,000 men...
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Article 10 mins
Rock Clocks
Science, Maths & Technology

Rock Clocks

...course it cannot go back right to the formation of Earth, because the young Earth was hot and most of the outer part was probably molten, but even so this is a vast period of time. [The Earth. Image: NASA] How do we know how old the rocks are? We can think of geological time in 2 ways: relative and absolute. Relative time disregards years and only considers whether one...
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Article 10 mins
How can the Hajj be made safer?
History & The Arts

How can the Hajj be made safer?

...open. This is particularly important due to the variety of rituals the pilgrimage involves. A model that treats the crowd as a homogeneous entity also can’t explain how large groups of people will try to stick together within a moving crowd, separating themselves from other groups and creating mass contraflows. We should be wary of relying exclusively on computer...
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Article 5 mins
Are women under-represented at tech accelerators?
Money & Business

Are women under-represented at tech accelerators?

...open to all”. The well-rehearsed counter-argument to this imbalance is that this is merely a reflection of engineering and technology entrepreneurship – women just don’t feature prominently in the industry and the numbers in accelerator programmes reflects this. The evidence, however, indicates that within Europe women own around 15% of all science engineering and...
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Article 5 mins