Category Archives: Uncategorized

Hug your loved ones tight today

In Memoriam: Bella Benvenutti Our hearts are broken, yet again. My wife and I are mourning another tragic and untimely loss. My former student and dear friend Jan Rene Benvenutti lost the love of his life — his beloved daughter … Continue reading

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Ray Sturm’s most cited paper

In honor of my late colleague and dear friend Ray Sturm (pictured below), today I am posting a link to his most-cited work, his 2003 paper “Investor Confidence and Returns Following Large One-Day Price Changes” in which Ray identified an … Continue reading

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Measuring the value of time

As a follow-up to my previous post in honor of my late colleague and friend Ray Sturm (pictured below), who died recently at the too-early age of 58, today I am a posting a link to his beautiful 2008 paper … Continue reading

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In memoriam: Ray Sturm

How many faculty have you ever seen ride to class on a skateboard, compete in surf championships, or play in a rock band? My dear colleague and friend Dr Ray Sturm (pictured below, far right) was a one-of-a-kind scholar, bon … Continue reading

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Holiday readings

Originally posted on prior probability:
Among other things, the holidays are a time when I finally get to catch up on my scholarly readings. Below, for example, is a listing of some of the sundry papers and books I am…

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The Economics of Narcos

Alternate Title: A Simple Model of Drug Smuggling Happy New Year! Having re-binged Narcos Colombia and Narcos Mexico during the holidays, I was inspired to develop a simple model of drug smuggling. First off, assume that p is the probability … Continue reading

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Postcards from Outer Space!

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Guaranteed Income Update

I will continue with my review of Nozick in the next day or two. In the meantime, however, check out this misleadingly-titled report by Sarah Holder “The Year Basic Income Programs Went Mainstream“, which begins by noting that 20 guaranteed-income … Continue reading

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Nozick on punishment and anti-punishment

Originally posted on prior probability:
The last two subsections of Chapter 6 (pp. 137-146) contain an extended digression on the problem of punishment and the possibility of “anti-punishment” (my term) via preventive detention in “resort detention centers”, one of my…

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Nozick refutes his own theory!

Originally posted on prior probability:
Unwittingly, Nozick contradicts himself and refutes his own theory of the state in the fourth subsection of Chapter 6 (pp. 133-137)! Recall Nozick’s previous claims from Chapter 5 of  Anarchy, State, and Utopia. In case…

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