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Browsing All Posts filed under »Economics«
The not so efficient market
September 26, 2009
Here’s an illuminating BrookesNews article on market crashes and efficiency reproduced below: Stock market crashes and market efficiency Gerard Jackson BrookesNews.Com Monday 21 September 2009 The share market crashes that reverberated around the world confirmed the prejudices of many (some of whom are paid to know better) as to the irrationally of markets. There was […]
Natural Selection as the “Invisible Hand?”
July 12, 2009
An interesting piece by Robert Frank on how Darwin’s theory of evolution will supplant Smith’s “invisible hand” theory in economics. A teaser: Smith is celebrated for his “invisible hand” theory, which holds that when greedy people trade for their own advantage in unfettered private markets, they will often be led, as if by an invisible […]
Sometimes it’s good not to listen to the “experts!”
April 13, 2009
This isn’t surprising; I’ve found it to be true in college with many students taking a professor’s drivel hook, line, and sinker. Wired Science has an article discussing how laymen turn off areas of their brains important for decision-making when presented with “expert advice” before making a decision. Here is the full article: A brain-scanning […]
The Audacious Epigone on IQ estimates of Intended college major via SAT scores
March 26, 2009
The Audacious Epigone posted the following chart of IQ estimates of intended college major via SAT scores: Intended major IQ Interdisciplinary studies 114.0 Physical sciences 111.2 Mathematics and statistics 110.7 English and literature 110.1 Foreign language 109.8 Philosophy and religious studies 109.6 Social sciences 109.3 Library science 108.7 Engineering 108.5 Biological and biomedical sciences 107.7 […]
The old new deal
March 10, 2009
Obama’s economic policy: the same Old New Deal Investor’s Business Daily BrookesNews.Com Monday 9 March 2009 Fiscal Policy: Fidelity Investments’ CEO calls President Obama’s economic plan “New Deal II” and says it won’t work any better than it did for FDR. We fear he may be right on both counts. “During the ’30s, Congress — […]
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October 21, 2009
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