Now even the technical bits to admire are less shiny
Unfortunate technical catastrophe, but still irrelevant. (I’m referring to Bitcoins. Are you new here?)
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Read more: Now even the technical bits to admire are less shiny
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Eskom, inflation and early onset dementia
Read more: Eskom, inflation and early onset dementiaEveryone has totally lost the plot. The proportion of people who speak sense has declined to the lowest level recorded since ever. “If Eskom puts up its prices too high we’ll have higher inflation. Inflation is bad therefore Eskom shouldn’t put up electricity prices so much.” Oh really? What happens to the cost of producing…
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Lotteries for good
Read more: Lotteries for goodInteresting post over at Moneybox on using lotteries for selling concert tickets. Major point is using lotteries explicitly and more fairly rather than implicitly and inefficiently.
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complexity, economics, Equity Risk Premium, financial risk, investments, managing uncertainty, market risk, measurement
Credit Suisse annual update on market performance
Read more: Credit Suisse annual update on market performanceCredit Suisse has for several years now put out an annual Credit Suisse Global Investment Returns Yearbook 2013 is out now. It’s worth reading in its entirety for the insights. I don’t agree with everything there, and I certainly don’t agree with the widely held view (not among the authors) that the universe of countries included…
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Does being richer make you feel better than being cooler?
Read more: Does being richer make you feel better than being cooler?Economists (and actuaries) like to measure things. The easier to measure and the more reliable the measure, the more we like to measure it. This is not unlike the drunk looking for his keys under the street lamp because that’s where the light is even if it isn’t where he dropped the keys. Sometimes the…
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Finally, something newsworthy on Eskom and electricity prices
Read more: Finally, something newsworthy on Eskom and electricity pricesThe typical quality of conservation around electricity prices in South Africa is so low as to be worthless. Cry after cry about it being “unfair” or “it will drive inflation” or any number of issues, while all the time disregarding that if Eskom doesn’t make money, we pay for it through taxes in any case.…
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Different types of predictions
Read more: Different types of predictionsAs part of the run-up to my overview of my own predictions for 2012, I thought i should highlight why I bother at all. Most predictions, most of the time, will be wrong. Crystal balls aside, it is nearly impossible to reliably, accurately predict future complex events. However, the process of rigorously considering what might…
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Jury verdict in Apple-Samsung starting to look fragile
Read more: Jury verdict in Apple-Samsung starting to look fragileThe jury verdict in Apple-Samsung is starting to look fragile. Did the jury understand anything? Is a jury trial the right way to settle this sort of claim? Wow
