Tuesday, June 7, 2005

Monkeys, risk aversion, game theory, inflation, and more

Steven Levitt on monkeys and investors:

Monkey Business - New York Times: "...economics is increasingly being recognized as a science whose statistical tools can be put to work on nearly any aspect of modern life. That's because economics is in essence the study of incentives, and how people -- perhaps even monkeys -- respond to those incentives. A quick scan of the current literature reveals

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