Category Archives: Uncategorized

We just heard (via Tyler Cowen) that Judge Richard Posner has decided to retire from the bench, though we hope he will continue to write and teach. In his honor, here are a just few links relating to Judge Posner’s … Continue reading →

Update (3 Sep 2017): My wife and I binged-watched all 10 episodes of the third season of Narcos this Labor Day weekend. To avoid spoilers, all we will say are two things: (1) the show paints a compelling picture of … Continue reading →

Need we say more?

That is the title of this theoretical paper by Robert Bosch, Robert Fathauer, and Henry Segerman. Here is the 32-word abstract: “We discuss what it might mean for a die to be numerically balanced, explore connections with magic squares, and … Continue reading →

The Coase theorem applies to situations involving economic externalities, i.e. activities that produce harmful effects. It states that bargaining will lead to an economically efficient outcome, regardless of the initial allocation of property rights, when three conditions are met: (1) … Continue reading →

Zachary Abel’s work (pictured below) is a hollow sphere of 720 interwoven paperclips in the shape of a snub soccer ball. (Hat tip: Cliff Pickover.)

What’s going on here? Why won’t these people sell their lottery tickets? Endowment effect? Anticipated regret? Market failure? (Hat tip: Alex Tabarrok, via Marginal Revolution. More details here, via kottke.org.)