3 days ago by Tobias

Yet again, I learn something new about the wonderfully quirky machine that is the human brain (via Boing Boing) There are two large urns placed in front of you. The urns are completely opaque, so you cannot see their contents. The urn on the left contains ten black marbles and ten white ones. The ur ...

The Maas:Media - maasmedia.wordpress.com · 1 reference

4 days ago by Corey Mull

In case it hasn’t been obvious in my previous posts, I like to write about innovations in public policy. The idea that small changes in rules and practices can produce big benefits for society is fascinating to me. For awhile now, I’ve been meaning to pick up Cass Sunstein and Richard Thaler’s Nudge ...

Undercurrents - undercurrents.tmgstrategies.com · Rank: 83,063 · 6 references

6 days ago by steve

1) Leonard Lopate interview with Economist editor Greg Ip (formerly of the WSJ). This is the best 12 minute summary of the current situation I have yet heard. Ip is consistently good at explaining this complicated subject in an accessible manner. If you have a friend who is confused about the credit ...

Information Processing - infoproc.blogspot.com · Rank: 5,322 · 76 references

7 days ago by Invisible Hand

Torture may be bad. It may be inefficient, it may be politically unpopular, it may be morally wrong. Nations having a policy of torture, however - that may be good for both the torturer and the torturee. Imagine the following hypothetical: you are a spy with valuable state secrets. You get captured. ...

Where Fun Comes to Die - wherefuncomestodie.com

10 days ago by aaron

Lessons in economics (photo by "Grim Reaper With a Lawnmower" - cc-by-sa) The current issue of The Prospect magazine contains a “debate” between Tim Harford and Pete Lunn on the significance of behavioral economics to economic theory as a whole. The two authors succeed in putting on a friendly show ...

Aaron Shaw's weblog - fringethoughts.wordpress.com · 8 references

11 days ago by ivantheterrible

Kommersant reports there was a surge in new account openings by retail investors following the decline in Russian stock market indices. This is one clear piece of evidence that investors are trying to time the market. The question is if they are rational, thinking that fundamentals justify higher st ...

Exploring Finance - doubleohseven.wordpress.com

12 days ago by briancope

The other day I posted a long, detailed musing on the price of gasoline and whether the recent price increases would have a long-term impact on our domestic demand. I drew extensively upon the work of Dan Ariely, a behavioral economist, formerly of MIT, now of Duke. I enthusiastically recommend his ...

Intentional Indifference - intentionalindifference.wordpress.com

12 days ago by Hannes Couvreur

I just came of the phone with my dad. Wise guy. Knows a lot because he has read a lot and done a lot of different things. Unfortunatly we often fail to understand each other. At times it was like we were speaking different languages. Or, it was like we had our ears everywhere but [...]

it's not about being ... - ledeberg.wordpress.com

13 days ago by briancope

I don’t mind the high price of gas these days, not because I don’t drive–I do–but because I think gas ought to be priced this high, and probably even higher. These high prices should reduce the demand for gasoline, and the sooner this happens, the better; the continued unmitigated consumption of che ...

Intentional Indifference - intentionalindifference.wordpress.com

17 days ago by Tobias

Most of you may know amazon.com merely as a company that sells books, CDs, DVDs and pretty much everything else under the sun. But amazon has also become an important player in the market for web services, selling its vast expertise in massively distributed web and database hosting. One of these web ...

The Maas:Media - maasmedia.wordpress.com · 1 reference