..if if they sweep all 6 toss-up races. Karl Rove illustrates:
[via Karl Rove On Twitter]
Archive | 17:01
Why Everyone Should Play Monopoly
19 Aug
Image via Wikipedia
“According to Daniel Hamermesh- Monopoly teaches us some useful economic lessons:
- The very first event illustrates the diversity of people’s utility functions – I like the “Top Hat” piece, but others may prefer the racing car or the Scotty dog.
- With only $1500 to start, you can’t buy everything you land on. This requires constrained utility maximization. (I never buy railroads or utilities early in the game, since I believe the payoff per dollar is less than buying a regular property.)
- You need to optimize dynamically, since you should retain money to build houses and keep enough money to avoid bankruptcy if you land on others’ properties before they land on yours.”
[via Freakonomics]
Hallelujah – Where The Happiest Couples Meet
19 Aug
Time Magazine reports that the Internet has changed how people meet future love:
“Nearly 30% of new couples now meet online. Today the Internet is the second-most common way to meet a partner, according to results from the How Couples Meet and Stay Together Survey, with web introductions ranked only behind introduction by mutual friends.”
According to the study it matters where you meet your partner if you want happiness:
“The happiest couples, it seems, are those who met through church. These partners report the highest overall relationship satisfaction.”
Read more: How Couples Meet.
The Era Of Overoptimism
19 Aug
“McKinsey research shows that equity analysts have been overoptimistic for the past quarter century: on average, their earnings-growth estimates—ranging from 10 to 12 percent annually, compared with actual growth of 6 percent—were almost 100 percent too high. Only in years of strong growth, such as 2003 to 2006, when actual earnings caught up with earlier predictions, do these forecasts hit the mark.”
[via McKinsey Quarterly]
WSJ Markets
- Trump Sells Himself Outside the U.S.Donald Trump hasn't licensed his name for a U.S. real-estate project since before the financial downturn. But he has done so for more than a dozen real-estate developments outside the U.S.
- Traders Try to Game Oil-Price BenchmarkSome oil traders say they try to skew Platts oil-price benchmarks by offering to do small deals at a loss, with the goal of doing bigger ones at better prices.
- For Some Investors Emerging Markets Still Provide a LureSome investors are betting recent losses for emerging-market stocks, currencies and bonds will prove to be a temporary setback.
- Stocks Keep on TruckingStocks pushed to the highest levels in nearly three weeks as investors await news on whether the Federal Reserve will pull back on its stimulus measures.
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