Thursday, August 14, 2014
Thursday Roundup, 8/14/2014
Thursday Roundup is back! Saddle up, blog junkies.
Me on BV
1. Silicon Valley is solving the big problems (warning: sappiness)
2. The trend is your friend til the bend at the end (or, why "put option illusion" fools investors)
3. Barack Obama is no foreign policy wimp
4. Why I don't mind if someone calls me "stupid"
5. How hedge funds can "sharpen their Sharpe ratios" at investors' expense (featuring cool papers by Goetzmann et al. and Agarwal & Naik)
From Around the Econ Blogosphere
1. Alex Tabarrok continues to sound the alarm on FDA over-regulation of biomed technology. See also here.
2. Mark Thoma: The perennial disagreement among macroeconomists is due to a toxic mix of bad data and politics. Old news, but useful to repeat.
3. Miles Kimballl on how to turn your kid into a math person. No cyborg enhancements involved.
4. Mencius Moldbug has quit blogging. Street protests explode in cites across the globe. Antidepressant use spikes. Just kidding.
5. Roger Farmer thinks Mike Woodford is wrong about the irrelevance of QE. Good to see people realizing that Mike Woodford is the world's most important macroeconomist.
6. Data scientists are out there earning more than econ profs. Actually, data scientists have similar skill sets to empirical econ researchers.
7. Brad DeLong thinks about the philosophical problems of Bayesianism. This is something I've wondered about for a while, and I'm still not satisfied.
8. Bryan Caplan wonders if economics is based on common sense or not. This is something I've often wondered about. Most sciences prize "counterintuitive" findings. Does econ? Should econ? Should the other sciences, for that matter?
9. Robert VerBruggen thinks helping poor women delay childbearing could be a way to fight poverty.
10. John Cochrane and Anat Admati continue to fight the good fight for increased bank capital requirements. Thought: How about making them dependent on bank size, as a way of discouraging TBTF? (Not a new thought, but still a thought.)