If Britain’s top economists were in charge, what policies would they implement?
2) newrepublic.com: Multilinguals Have Multiple Personalities (via @eni)
I wonder how my personality changes (if at all)?
3) medium.com/matter: Lost In Emoji Translation – Apple vs. Android
HOW MANY PEOPLE HAVE DIED BECAUSE OF THIS? HOW MANY?!
4) medium.com/matter: Friday Sandwich Porn
Om nom nom nom.
Please also note that Kahneman and his followers accept rational choice theory as the norm for behavior, and so does almost all of behavioral economics. They put the blame on people, not the model.
6) medium.com/bull-market: Say It Ain’t So, Ben
Disappointing move to be honest. He would’ve had much more influence without working for Citadel.
It is a threat to the very heart of the way the international monetary system is configured. Should Greece become the first advanced economy to default on an IMF loan in recent decades, it would not just make Athens a pariah in financial markets — it could seriously undermine, perhaps critically, the Fund itself.
The second possible direction of change for the monetary policy framework would be to keep the targets-based approach that I favor, but to change the target. Suggestions that have been made include raising the inflation target, targeting the price level, or targeting some function of nominal GDP.
Missed it the first time. It shows how aware the Fed was of the discussion and that they are anything but academics in an ivory tower. Really good speech and if you don’t believe me you can read Scott Sumner’s assessment of it. ;)
So this is a simple plea: demand strong feelings from your relationship. Demand awe and inspiration—not all the time, but at least with some regularity. Do. Not. Settle. If you’re not saying aloud (or at least to yourself) “I love you” to your mate in six months or less, hit the “next” button.
JB: Is this love of milk a uniquely North American phenomenon?
AH: Not anymore. That’s another key part of the story. The majority of humans in general, and even Americans (60 percent or more), are lactose-intolerant.