ELI5: Explain Like I'm 5

Cowles Foundation

The Cowles Foundation is basically a group of really smart people who use math and numbers to figure out how things work in the world. It's like a special club where people who love to solve puzzles and figure out complicated things can work together.

These people study all kinds of things, like economics (which is how money works), statistics (which is a way to understand data and information), and social science (which is how people behave and interact). They use all kinds of fancy equations and formulas to figure out how different things connect and affect each other.

The Cowles Foundation was started a long time ago by a man named Alfred Cowles, who thought it would be a good idea to bring all these smart people together to work on important problems. People still go there today to work on all kinds of really important things like understanding how the economy works, figuring out why people make the choices they do, and even predicting things that might happen in the future.

So basically, the Cowles Foundation is a place where really smart people work together to solve puzzles and understand how the world works using math and numbers.