Recency bias is a real sonofabitch. After someone goes through a traumatic experience they tend to be shocked into believing that the next big traumatic experience is right around the [ … ]
One of the points I tried to stress in my book was that each economic cycle is its own unique environment. I find it very helpful to think of the [ … ]
Tyler Cowen has a piece in the NY Times from this past weekend discussing the potential that the US economy will never return to “normal”. The article implies that the [ … ]
One of the nice things about thinking of the world in macro terms is that you are less inclined to fall victim to a fallacy of composition. That is, in [ … ]
Maybe the more relevant question here is why do macroeconomists think they have a monopoly on “macroeconomics” when macroeconomics is actually much broader than just economics?
A number of finance and economic writers have come out rationalizing Pete Carroll’s controversial play call in the Super Bowl which ended up being intercepted by the Patriots and leading to the [ … ]
I used to gamble quite a bit. Not because I enjoyed losing money, but mainly because I was convinced that I understood the games better than most. I don’t know [ … ]
Economics is categorized as a “social science” alongside anthropology, psychology and sociology. Which makes complete sense considering that economics studies the relationships that dictate how we produce and consume goods [ … ]
It’s Friday, the markets are rising (what else is new) and there’s not a lot of interesting things to talk about so let’s talk about something else – sports.