Patience may be a virtue, but it could also be a key economic indicator. Economists are interested in values like patience, altruism, and trust because they play key roles in how people behave. Those individual and collective behaviors can have wide-ranging effects on a nation’s propensity for armed conflict, trajectories of per capita income, and…
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Should investors care about a fund manager’s relationship status? What kind of car they drive? Ask them if they’ve won any poker games lately? Research points to yes. A recent outpouring of academic papers links the investment performance of professional fund managers to their characteristics as individuals — how they grew up, their personality traits,…
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I had been toying with the idea of binning my LinkedIn profile since it seems to consist of little more than people with odd titles posting random motivational pictures and the occasional bit of crap about their cat. But it does seem to be the gift that keeps on giving in terms of the nonsense…
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Favourite scene from a favourite film
I am always interested in the relationship between the level of compensation for a CEO and their level of shareholder return. Full graphic here – howmuch
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In 1975, researchers at Stanford invited a group of undergraduates to take part in a study about suicide. They were presented with pairs of suicide notes. In each pair, one note had been composed by a random individual, the other by a person who had subsequently taken his own life. The students were then asked…
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In a House hearing on monetary policy last week, Federal Reserve Chair Jerome Powell made a telling confession in response to a question from Rep. Alexandria Ocasio-Cortez (D-NY). The topic was the so-called natural rate of unemployment: the idea, believed by many economists and policymakers, that there is a rate at which unemployment could get so low…
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I guess you would get the same answer if the question was asked here. More here – ArsTechnica
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PS I don’t understand a word but I don’t think that matters
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