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Category Archives: Economics
Politics as Nash bargaining
In our previous post, we presented this beautiful essay by Avinash Dixit and David McAdams, who use game theory to analyze the year-long political impasse over the U.S. Supreme Court. We now wish to say a few more words about … Continue reading
Posted in Economics, Game Theory, Law, Politics
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Game Theory 101 (Scalia’s replacement edition)
Check out this excellent essay in the Harvard Business Review in which two academic economists, Avinash Dixit and David McAdams, use game theory to analyze the year-long political impasse over the U.S. Supreme Court. Game theory is a branch of … Continue reading
Posted in Bayesian Reasoning, Economics, Game Theory, Law, Politics
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Map of largest publicly-traded company (by stock market capitalization) in each U.S. State
Posted in Economics, Questions Rarely Asked
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Capitalist Cuba?
File this entry under Paradoxes of Cuban Socialism. Why isn’t access to the Internet free in Socialist Cuba? Via the Associated Press (emphasis by us): HAVANA (Sep. 21) — The Cuban government says it will make five miles of Havana’s … Continue reading
Trump, mercantilist
Lately, Donald Trump has been accusing Hillary Clinton of being “stuck in the past.” This assertion is highly ironic, coming from a mercantilist! Via Tyler Cowen, quoting Donald Trump’s chief economic adviser Peter Navarro, here is the essence of Mr … Continue reading
Posted in Economics, History, Politics
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Amazon’s first hire
Via kottke, we learned that the first person Jeff Bezos ever hired at Amazon was Shel Kaphan. In this illuminating interview in The Macro, Kaphan describes his first meeting with Bezos and the early days of Amazon.com. Here is an excerpt: … Continue reading
Posted in Bayesian Reasoning, Economics, History, Questions Rarely Asked
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Convergence hypothesis (social media edition)
Is this the same reason why so many college textbooks in a given field are so similar? On balance, is this convergence trend a good thing or a bad thing?
Posted in Current Affairs, Economics, Web/Tech
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Starfleet mafia?
Although we haven’t seen the new Star Trek movie yet (Star Trek Beyond), in today’s post we want to pose the following question about the fictional world of Star Trek: who pays for Starfleet? According to Wikipedia, “Starfleet is a … Continue reading
Posted in Economics, Law, Science Fiction
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Strategic dating
Roy Lugasi and Hod Gerlitz co-founded a new dating app called Weepo that allows users to monitor the male-to-female ratio at a bar or nightclub. According to this fascinating report by James Covert, writing for the New York Post, “The … Continue reading
Posted in Bayesian Reasoning, Culture, Economics, Web/Tech
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prior probability 