I often describe myself as a mile wide and an inch deep. You my friend are miles in both directions. Thanks for sharing. Love the grackles and we need to talk about the consequences of everyone going to index funds... it kinda removes price discovery.
The Nash equilibrium versus the best response! Is my best response if everyone uses passive index funds to take a different response? Why if so? Also, it seems like it requires a tremendous amount of time and resources to try and beat the market. That’s my pragmatic argument.
Great minds think alike! I also felt weird about that book. I worked on for over a decade, as you know, internet platforms that matched buyers and sellers in sex markets. I also studied drug policy, but not the platforms. And doing Mixtape Sessions, which is also a two sided matching platform and entrepreneurial, I completely thought what he did was amazing. The fact that he did it all himself was just unreal to me. It solved a market problem.
It's just, as you also know as an educator, that it solved a market problem that was a problem in the first place because collectively we said those transactions should not occur.
The economist in me loved the matching side of things but the human in me didn't love some of the "murder for hire" stuff going on. I simultaneously think the platforms we use are and are not responsible for the stuff that happens on their site. I often think about it in the context of dram shop laws.
I often describe myself as a mile wide and an inch deep. You my friend are miles in both directions. Thanks for sharing. Love the grackles and we need to talk about the consequences of everyone going to index funds... it kinda removes price discovery.
The Nash equilibrium versus the best response! Is my best response if everyone uses passive index funds to take a different response? Why if so? Also, it seems like it requires a tremendous amount of time and resources to try and beat the market. That’s my pragmatic argument.
I believe discussing the stock market with an economist falls along the lines with these...
https://youtu.be/7LUUk6wVNrY
American Kingpin was such an amazing book and left me feeling a lot of different ways.
Also, I could eat tacos for every meal. I think breakfast tacos are one of the greatest culinary inventions of all time.
Great minds think alike! I also felt weird about that book. I worked on for over a decade, as you know, internet platforms that matched buyers and sellers in sex markets. I also studied drug policy, but not the platforms. And doing Mixtape Sessions, which is also a two sided matching platform and entrepreneurial, I completely thought what he did was amazing. The fact that he did it all himself was just unreal to me. It solved a market problem.
It's just, as you also know as an educator, that it solved a market problem that was a problem in the first place because collectively we said those transactions should not occur.
The economist in me loved the matching side of things but the human in me didn't love some of the "murder for hire" stuff going on. I simultaneously think the platforms we use are and are not responsible for the stuff that happens on their site. I often think about it in the context of dram shop laws.
Murder for hire tends to put a damper on the equity/efficiency tradeoffs when considering market design methods