What’s exogenous here?

Felix Salmon » Blog Archive » Adventures in causality, WSJ edition | Blogs |

There is little private information

that does not get out in the end.

This is why I believe in ‘no-arbitrage’ asset pricing as the baseline:

How to earn airmiles with limited cost.

View from the Wing » Blog Archive » Buying Money With Your Credit Card to Earn Miles

No-arbitrage asset pricing teaches us to look for the limits to arbitrage when we find a ‘money machine.’

The blister on my foot has a blister.

Ouch. 

Hockey, economics, and the dying midwest

Detroit, Pittsburgh Both Attempting To Lose Stanley Cup, Avoid Expensive Victory Parade | The Onion – America’s Finest News Source

The longer I teach,

the more I realize that, for me, the most important thing in a successful teaching experience is in having confidence in what I am doing.

Not dead

but I have been a slacker. But now, back to my daily drivel. After all, teaching is over, and I am almost caught up in my refereeing. (I will jinx that last part now, I bet)…