the whole world burns

Archive for category 'economics'

Nassim Nicholas Taleb - The Fourth Quadrant

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On complexity, rare events and the systemic underestimation of risk.

Bruce Schneier: The Psychology of Security

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Fascinating, like a security book by Malcolm Gladwell or Steven Levitt.

Freakonomics: The Gift-Card Economy

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The article covers much the same ground as the James Surowiecki piece in the New Yorker a couple of weeks ago, but they get mad props for uploading copies of the original papers.

the deadweight loss of Christmas

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Waldfogel's main finding is that, in general, people spend a lot more on presents than they're worth to those who receive them, a phenomenon that he calls "the deadweight loss of Christmas." A deadweight loss is created when you spend eighty dollars to give me a sweater that I would spend only sixty-five dollars to buy myself. Waldfogel estimates that somewhere between ten and eighteen per cent of seasonal spending becomes deadweight loss...

Anti-Monopoly

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Play as the traditional monopolists, or as "competitors" (don't need all properties in a set to build, charge lower rents).

How to kill a country

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How the .us-.au free trade agreement fucked us over.

Small things, links and miscellany, sparkling with light. Sam's tumblelog.

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