Regarding the exchange between W. Dickens and B. Caplan over decision heuristics:
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I encourage you to browse, if you haven't, the following:
FAMA, EUGENE F., "Market Efficiency, Long-term Returns, and Behavioral Finance," The
Journal of Financial Econo
F. Guillermo wrote:
Here some cute numbers
Title Amazon.com sales Rank Approx Price
The Communist Manifesto 3,955 $5
The Road to Serfdom 866$8
Wealth of Nations 1,782 $9
Essential Works of Lenin 40,
The Thursday, September 14, issue of the Wall Street Journal reports on yet another
consumer anomaly . . .as if we didn't have enough holes in the
once-munster-but-now-swiss-cheese body of economic wisdom.
This week's anomaly of choice: The hotel mini-bar
As reported:
"Dave Hofert wouldn't
B. Caplan wrote:
"The company I'm buying a house from won't negotiate any part of the basic contract.
Why not? The dopey answer is "monopoly power" . . .I tend to think that the seller
just anticipates no gains to trade.
Ed Dodson then wrote:
"Purchasing a house is not quite like purch
During the recent Spring membership drives by all of the National Public Radio
stations in the tri-state NYC metropolitan area, I ignored all of their pleas for
cash. I even developed two or three rationalizations as to why I ought not
contribute. My behavior provided additional anecdotal e
R. Hanson wrote:
Another ref I found is: http://wvs.isr.umich.edu/papers/genes.htm
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Regarding the Inglehart and Klingmann study, Genes, Culture, Democracy, and
Happiness:
Despite their [Inglehard/Klingmann] findings that happiness levels vary
cross-culturally and that beliefs an
After reading Professor Andrew Oswalds recent article in The Economist about the
pathetic state of British academics in the field of economics, I looked into his
interesting April 1997 study on Happiness and Economic Performance. In that study
he offers a much-needed reminder that economic
In the 6/29/00 issue of the Wall Street Journal, specifically a lengthy article on the
revival of legislation dealing with internet taxation, the following comment was made:
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Everyone knows how sales taxes work, but few people realize that they are supposed to
pay that same tax to
F. Rojas wrote earlier:
"Having someone install an appliance correctly would be another thing to consider in
solving your puzzle."
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Is this a variation of the eternal riddle?
Q: How many economists does it take to install a dishwasher in a new home?
A: None. They just assume i
Thank goodness rogues in the behavioral finance area have spent the last decade
testing the long-held assumption maintained by economists that people are
(always-generally-usually) rational. Why might the home equity financing vehicle be
under-utilized? Let me throw out a suggestion:
People
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