Tuesday, April 22, 2014

DSGE: the sinking Titanic of economic methodology

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What's the future of macroeconomics? Does it lie in further development of the old-style models of rational optimizers and equilibri...
15 comments:
Friday, April 18, 2014

How to consistently beat the market -- follow trends

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Several people working for the hedge fund AQR Capital Management have a working paper which looks at trend following strategies over abo...
60 comments:
Friday, April 11, 2014

Macroeconomists make a great advance -- or maybe not

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By way of Unlearning Economics , who has made the effort of plowing through the details of the paper, read below and see if you've ever ...
15 comments:
Thursday, April 10, 2014

Democracy -- has it already ended?

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This article by political scientist Larry Bartels makes fascinating, if depressing, reading. In brief, a forthcoming study shows th...
6 comments:
Wednesday, April 2, 2014

Capitalism is an algorithm?

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I have an essay coming out in Bloomberg tonight which looks at the fascinating article I recently mentioned by Nick Hanauer and Eric Beinho...
19 comments:
Friday, March 28, 2014

Why high alcohol consumption is optimal for humans

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By way of Mark Thoma , an absolutely brilliant paper by economist Paul Pfleiderer of Stanford University looking at how economists use a...
15 comments:
Wednesday, March 26, 2014

Taxis by algorithm -- streamlining city transport with graph theory

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I recently stumbled across this fascinating preprint from last year by some computer scientists and applied mathematicians. They show ...
7 comments: