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Author Archives: Hidde Kienstra

Hidde Kienstra

Hidde Kienstra is a student in the master Economics, with a specialization in the field of behavioral economics. Since he started being active he has joined several committees at Asset | Economics, of which a year in the board was his absolute highlight. Hidde has a broad interest in economics and the application of economics into sports.

The Leicester City fairytale

Leicester City wrote a true fairytale by winning their first Premier League title. You would now be running to the English bookmakers to collect your £5000, if you had, in a wave of optimism, placed a bet of £1 at the beginning of the season on ‘Leicester’ winning the Premier League –the same odds as finding Elvis Presley alive. An astonishing performance by a club who almost relegated the season before. It will enter the history books as one of the most remarkable success stories in professional football. In this article I will highlight some of the interesting facts, for us as statistics loving economists, of this success story and see how their competitors scored on that level.

How will the merger between Vodafone and Ziggo affect our telecom costs?

Just a few weeks ago two players on the telecom market, Vodafone Netherlands and Ziggo, announced a huge merger. The transaction is expected to be finished by the end of this year, as of then these two companies will continue as a joint merger. Vodafone will pay an incredible amount of €1 billion to Liberty Global, the parent company of Ziggo, to make this so called vertical merger possible. Vodafone (5.1 million customers) and Ziggo (4.2 million customers) both are major players in their respective markets. In this article I will have a look at the possible consequences of this merger. What will happen with your smartphone or television contract price? What has happened with similar mergers in the past? Could the merger maybe be prohibited by the European Commission?

Big data will change the product market

It has been a tough week and you have therefore decided to reward yourself with a present. You visit your favorite website and order that fresh pair of new sneakers or brand new smartphone that you have been looking at for months now. You quickly walk through the ordering process and happily click the ‘confirm’ button as the final step to complete the transaction. Within minutes later the doorbell rings, and yes indeed if you open the door the just ordered package has arrived. Sounds fairly impossible right? It is not according to the American e-commerce company Amazon, who was granted a patent on a ‘method and system for anticipatory package shipping’ in the end of 2013.

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50 Porsches and Mark Rutte: the Economics Dinner in a nutshell

There was once a beautiful December evening in Tilburg. The food tasted delicious and was served magnificently, the attendees were dressed up very classy, the moon was shining through the trees, it was a wonderful evening. It all sounded too good to be true, but it actually was. This in short was the story of the fifth edition of the Economics Dinner, hosted by one of the committees of Asset | Economics. Let me briefly take you through my evening as a participant of this recruitment dinner at Villa de Vier Jaargetijden, from the moment I entered this ancient building until the last sip of a Hertog Jan Beer. 

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An interview with Tim Vodegel, trainee at the ECB

On yearly basis hundreds of students in several bachelors and masters graduate at Tilburg University. Many of them end up working at one of the multinationals located in the Netherlands, like Philips and EY. Last summer Tim Vodegel graduated as well and completed his master in Economics, but this 22 years old student followed a totally different career path. As of September 2015 he works as a trainee for the monetary heart of Europe, the European Central Bank (ECB) in Frankfurt. In an interview with ‘Off the Charts’ this former Dutch student tells us something about his experiences as a trainee at the ECB and how this differs from working in the Netherlands.

Fodbold - Superliga - FC Midtjylland - Sønderjyske

Soccernomics in Denmark

Several professional sports have been intensively using statistics as a key element in their entire way of approaching their sport over the past decades. This was perfectly illustrated by the well-known movie ‘Moneyball’. This is a movie about the American baseball team the Oakland Athletics that starts a revolution in sports, from that moment on all the decisions taken by this team will be solely based on statistics. The revolution appeared to be a great success and ultimately helped this team with a very limited budget, from being a mediocre honk ball team to achieving a record-breaking winning streak of 20.