What I shall be interested in seeing is whether other Chicago School accolytes begin to accept that fact that you cannot simply assume rational actors respond to your choice of stimulous instead of other stimulous chocies -- as well as the overall problems of information and risk assesment in an increasingly opaque market. A market made more opaque by deregulation and the incentive of rational actors to make it opaque.
I'm Glad Greenspan Admits Error
What I shall be interested in seeing is whether other Chicago School accolytes begin to accept that fact that you cannot simply assume rational actors respond to your choice of stimulous instead of other stimulous chocies -- as well as the overall problems of information and risk assesment in an increasingly opaque market. A market made more opaque by deregulation and the incentive of rational actors to make it opaque.
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Link Harvest: Middle Class Question and Answer
I forget how I stumbled on this old piece, but it is remarkable for the way it frames its question and how it answers the question.…
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Links re: Pai + FCC
http://prospect.org/article/decoding-doublespeak-fcc-chairman-pai…
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How My Brain Works, An Example
Here is an example of how my brain processes differently from most other people and why my status updates and posts usually need to end up so long.…
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