Friday, July 31st, 2009
Michael Wellman
launched a
blog
this week. Yesterday he made an excellent point about market
efficiency.
Tyler Cowen
had
pooh-poohed the problem of high-frequency trading. Mike
set him straight
and suggested an elegant
solution to the problem, namely
call markets. But what about the value of...
»
Tags: economics,
prediction,
robots,
singularity,
stock market,
trading,
turing test
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5 Comments »
Wednesday, July 1st, 2009
Here are what I believe are fairly definitive answers to the
sunk cost quiz questions. But of
course feel free to take issue in the comments. SCENE: You have a
non-refundable flight but now the opportunity to road trip with
some friends to your destination has come up. Which of the
following are rational...
»
Tags: economics,
fallacies,
quizzes,
rationality,
sunk costs
Posted in
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9 Comments »