The First Rule of Dunning Kruger…
Of all the cognitive errors in behavioral finance and human psychology, the one that creates the most confusion is the Dunning-Kruger effect. (Perhaps its rise in pop culture is to blame). Regardless, I find DKE to be an incredibly useful tool that helps explain many of the individual errors we see in investing. It’s […]
Capturing Carbon With Machines Is a Failure—So Why Are We Subsidizing It?
Yves here. Predictably, policy-makers prefer the climate change version of wunderwaffen to traditional approaches with less NGO-busying and producer-enriching. And that before getting to the fact that lower tech works better. And cutting energy use, as in radical conservation, works best! By Richard Heinberg, a senior fellow at the Post Carbon Institute and the author […]
What performance-enhancing stimulants mean for economic growth
Towards the end of last year America began running short of medicines used to treat attention-deficit hyperactivity disorder (adhd), including Adderall (an amphetamine) and Ritalin (a central-nervous-system stimulant). Nine in ten pharmacies reported shortages of the medication, which tens of millions of Americans use to help improve focus and concentration. Around the same time, something […]
China’s state capitalists celebrate their soaring shares
Remember the name: China Science Publishing & Media (cspm) might be the hottest state-owned textbook stock, ever. Shares in the company, which publishes titles such as “Gaseous Detonation Physics and its Universal Framework Theory”, are up 230% since the start of the year. It is not the content, riveting though it is, that has lifted […]
China and Russia compete for Central Asia’s favour
Central Asia’s top brass is on tour. On May 9th presidents of the region’s former Soviet republics were in Moscow, having been roped in as spectators for Vladimir Putin’s annual military parade. Ten days later, as g7 leaders gathered in Japan, it was Xi Jinping’s turn to play host, in Xi’an. At the first in-person […]
Как запустить Push-кампанию в 2022
Содержание Как возвращать пользователей и растить прибыль с помощью push-уведомлений. 6 хаков и чек-лист Предложите бонус за подписку на push Что такое хороший чек-лист и как его составить Microsoft To Do (ранее Wunderlist) Для чего используют push-уведомления? Чек-лист: саморазвитие Тогда как правильно настроенная пуш-кампания позволяет увеличить возвращаемость и монетизацию приложения. Push-уведомления активно используются в разных сферах — […]
30 Tons of Ammonium Nitrate Goes Missing
(video from Dyno Nobel’s YouTube channel) A lot of expensive and lethal weapons of war have been reported missing this week. There have been numerous train derailments in America this year, and trains containing lethal materials routinely do not make it to their final destination. A railcar holding over 60,000 pounds of ammonium nitrate left […]
The American credit cycle is at a dangerous point
The celebrated tome “Capital in the Twentieth Century”, by Thomas Piketty, a French economist, runs to 204,000 words—longer even than Homer’s “Odyssey”. But the book’s central argument can be distilled to a single, three-character expression: r > g. As long as “r”, the real rate of return to capital, exceeds “g”, the real rate of […]
To Return or Not to Return: It’s Complicated
Why do you visit museums, and what do you hope will “happen” while you’re there, or after you’ve left? How do the objects within a museum affect your experience, and how do we know that a given piece “belongs” there? Tiffany Jenkins, author of Keeping Their Marbles, and EconTalk host Russ Roberts’ guest in this episode, […]
