Category Archives: Economic models
Who Wants A SumZero Invite? (Largest Buy Side Investment Network)
Original source: SimoleonSense.com . I’ve written about SumZero before, it is the largest community of buy side analysts (private equity, hedge fund, mutual fund, etc) and I think most serious investors should join. I have free invites if you are interested…just email me Repeat I’m interested in inviting many more people to the community. If [...]
Rising Inequality and the Financial Crises of 1929 and 2008
Original source: SimoleonSense.com . Another fun read…dedicated to Ed Chancellor Abstract (via Wisman & Barker) Inequality increased dramatically in the decades leading up to the financial crises of both 1929 and 2008. Yet students of both crises have largely ignored any role that rising inequality might have played in rendering the financial sector more vulnerable [...]
Minsky: What Do Banks Do? What Should Banks Do?
Original source: SimoleonSense.com . Very Fun Read Dedicated to my friend James Montier. Abstract Via L. Randall Wray Before we can reform the financial system, we need to understand what banks do; or, better, what banks should do. This paper will examine the later work of Hyman Minsky at the Levy Institute, on his project [...]
How panhandlers use free credit cards
Original source: SimoleonSense.com . Think about the psychology and decision making implicit in this article. Big H/T The Browser Introduction (via Jim Rankin @ The Star) What would happen if, instead of spare change, you handed a person in need the means to shop for whatever they needed? What would they buy? Can you spare [...]
Podcast: Paul Kedrosky Interviews Kathryn Schulz: On Being Wrong
Original source: SimoleonSense.com . Introduction (via Infections Talk Podcast) In this episode, Paul talks with journalist and author Kathryn Schulz. They discussed Shulz’s recently released book, “Being Wrong: Adventures in the Margin of Error.” They talked about Schulz’s premise that we’re all wrong, all the time, and how the inability of politicians and business leaders [...]
Video: Ted Talk – The Happy Planet Index
Original source: SimoleonSense.com . About (via Ted) Statistician Nic Marks asks why we measure a nation’s success by its productivity — instead of by the happiness and well-being of its people. He introduces the Happy Planet Index, which tracks national well-being against resource use (because a happy life doesn’t have to cost the earth). Which [...]
Should We Use Lotteries To Allocate Scarce Resources?
Original source: SimoleonSense.com . Why is this important? “Consider, for example, access to public-subsidized in-vitro fertilization therapy. Should couples be allowed to have repeated access to the chance of receiving a child, if they have already “won” once? Our results add to those of some others (Walker & Siegel, 2002) who suggest that there might [...]