Tuesday, June 29, 2010

On Blogs and Economic Discourse

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I was making my way back from a conference yesterday and completely missed the uproar over Kartik Athreya's provocative essay on econom...
11 comments:
Tuesday, June 22, 2010

Gamesmanship and Collective Reputation

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I've often wondered why diving is so prevalent in football. Even if one manages to fool a referee occasionally, the act is captured on ...
6 comments:
Sunday, June 20, 2010

The Diving Champions of the (Football) World

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Aside from early losses by Germany and Spain , the biggest surprise of the World Cup so far is probably the inability of Italy (the reignin...
4 comments:
Saturday, June 19, 2010

On Tail Risk and the Winner's Curse

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Richard Thaler used to write a wonderful column on anomalies in the Journal of Economic Perspectives . Here's an extract from a 1988 ent...
6 comments:
Tuesday, June 15, 2010

An Extreme Version of a Routine Event

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The flash crash of May 6 has generally been viewed as a pathological event, unprecedented in history and unlikely to be repeated in the fore...
1 comment:
Tuesday, May 25, 2010

An Outsider's View of Modern Macroeconomics

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Following up on a testy exchange with David Andolfatto, Mark Thoma has written a thoughtful post in which he discusses the state of modern...
9 comments:
Sunday, May 23, 2010

Blame the Instructions, Not the Machines

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Following the dramatic flash crash on May 6, there has been a lot of attention paid to the mechanics of trading (automation, frequency, s...
5 comments: