How valid the model is as a description of the real world remains to be seen, but it’s interesting you can generate such an economy using perfectly plausible assumptions about heterogenous information spillovers and perfect rationality to supposedly get “irrational exhuberance” and bubbles. I’m...
A.J.Nicholas - drumsTragic is a term probably most often attributed to the history of Badfinger. They had such an auspicious start in Swansea (Wales UK) in 1967 followed by the kind of success most bands can only dream of, then luck deserted them. Many connections they would have with ...
In 2003, psychology professor and sex researcher J. Michael Bailey published a book entitled The Man Who Would Be Queen: The Science of Gender-Bending and
Though visibility was harder thanks to the storm, he could see bubbles and blood beginning to blossom out from the bucket and spread into the ocean water. They waited. The storm dragon had submerged but hadn’t left the area. Charlie knew from experience that it wasn’t always an ...
Knowing we had been swimming back and forth in the big blue during this dive, I knew there was a chance he had lost sight of our bubbles. I also noticed that surf chop had increased a lot, and looking up I could see white caps breaking above us. Ugh. I surfaced as soon as I ...
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