Category Archives: Risk & Uncertainty

Assorted Links (8/30/2010)

Here’s a list of articles that I have been reading lately: How Dismal is the Fiscal Future For America and Europe? Becker – The Becker-Posner Blog www.becker-posner-blog.com Here’s Nobel Laureate Gary Becker’s views on the possibility of a (developed economies) debt crisis: “Posner lays out clearly many of the present and future solvency and default

Assorted Links (7/14/2010)

Here’s a list of articles that I have been reading lately: For a New Generation, an Elusive American Dream – NYTimes.com www.nytimes.com “In the Nicholson family, America is not delivering for a grandson as it did for his father and grandfather.” NHTSA: No, Toyotas do not Suddenly Accelerate Unless You Press the Accelerator www.theatlantic.com “At

Assorted Links (7/2/2010)

Here’s a list of articles that I have been reading lately: Scientists Discover Keys to Long Life – WSJ.com online.wsj.com “By analyzing the DNA of the world’s oldest people, Boston University scientists said Thursday they have discovered a genetic signature of longevity. They expect soon to offer a test that could let people learn whether

Nassim Taleb Q&A

Hat tip to Jason Gould for pointing this (very recent) video! 

Assorted Links (6/24/2010)

Here’s a list of articles that I have been reading lately: Economics for (and by) 10th Graders – Freakonomics Blog – NYTimes.com nytimes.com “An economics primer written by 10th graders.” Bounding the Price Impact of the New Home Buyer Credit caseymulligan.blogspot.com “1.6 percent is still less than the housing price increase reported by Case-Shiller over

Assorted Links (6/14/2010)

Here’s a list of articles that I have been reading lately: Stephen A. Blumenthal: It’s Time to Nationalize Fannie and Freddie – WSJ.com online.wsj.com “In The Wall Street Journal, Stephen A. Blumenthal writes that any solution that allows private companies to have a special relationship to government is destined to fail.” Think Smarter About Risk

Economist Russ Roberts schools Congress about “crony capitalism”

Russ Roberts is an economist at George Mason University and host of Econtalk (see http://www.econtalk.org). Hat tip to my student, Jason Gould, for bringing this video to my attention!

How Real are the Defects in Toyota’s Cars?

How Real are the Defects in Toyota’s Cars? The Atlantic‘s Megan McArdle parses the data.  It appears to me that this whole episode may have created a once in a lifetime “buying opportunity” for people who may currently be in the market for a new, high quality car; i.e., a Toyota or a Lexus!

Health Insurance Rate Hikes and Adverse Selection

I recommend reading the WSJ Health Blog entry entitled “WellPoint’s Argument for 39% Rate Hike: Adverse Selection”, by Jacob Goldstein.  This article explains how adverse selection is causing health insurance claims costs to increase substantially in the individual health insurance market in California. The adverse selection has come primarily in the form of healthy policyholders

The Minds Behind the Meltdown?

Today’s Wall Street Journal cites a forthcoming (February 2, 2010) book entitled “The Quants“, written by Scott Patterson, who also writes for the Journal.  An excerpt from this book appears on WSJ.com today under the title “The Minds Behind the Meltdown”, with the (provocative and candidly, rather hyperbolic) subtitle: “How a swashbuckling breed of mathematicians and computer