Category Archives: Collapse of Society
Video: Bribing vs. signalling – Marketplace Dept. of Behavioral Economics
Very funny video featuring Tim Harford, author of The Undercover Economist. Introduction (Via Youtube) The recession has made untamed jungles out of many office environments. Employees have had to adapt their behavior to the changing climate or suffer extinction… or are there other survival options available to cubicle denizens? Marketplace’s Dalasie Michaelis and “Undercover Economist” [...]
Complexity In Financial Markets
There’s been a lot of talk on complexity & financial markets -this paper does the topic justice. Click Here To Learn About Complexity & Financial Markets Abstract (Via Markus K. Brunnermeier & Martin Oehmke) Should we regulate complex securities, subject them to an FDA-style approval process, or limit who can invest in them? To answer [...]
Lessons from a Faraway land: The effect of spatial distance on creative cognition
I’ve blogged about this before, but I figure I should link to the appropriate study. Key concept: When a creative task is portrayed as originating from far rather than a close location…we provide more creative responses. Click Here To Read About: Lessons from a Faraway land: The effect of spatial distance on creative cognition Abstract [...]
Crisis Compels Economists To Reach for New Paradigm! Meet Professor, Geanakoplos
“For decades policy makers thougth interest rates were the most important indicator of supply and demand in credit markets…. Now, Mr. Geanakoplos was saying that something else — lenders’ collateral or margin demands — could be even more important.” Now that sounds like an article worth reading. I believe George Soros also recommended looking at [...]
Warning: Your Brain Is Killing America’s Capitalism
Very interesting review of “This time is Different: Eight Centuries Of Financial Folly” I’m currently reading this book and I can’t praise it enough. Click Here To Read: Warning: Your Brain Is Killing America’s Capitalism Subheading: (Via Marketwatch) Recovery? New bull market? Yes, yes, get your money out of the mattress, out of CDs and [...]
Black Swans, complexity, financial collapse etc.
A very thoughfull guy, John Petersen, looks into the future and explains what our societies are facing with the current transformations onset by the evergrowing complexity in the world. Being a remarkably diverse fellow, Petersen elaborates further on the widely misunderstood impact of what Nassim Nicholas Taleb calls ‘The Black Swans’ and gives some other [...]