nakedcapitalism.com - 12/9/2008
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One of the most pervasive findings in social science, although it is seldom codified this way, is how suggestible people are. Numerous studies in behavioral economics have found that the same underlying bet elicits very different take-up rates when framed as a wager versus as insurance. Even ...
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FT Alphaville —
Elsewhere on Tuesday: - Never in the course of human events have so many been misled by so few: Macroeconomics is complete bunkum - Many funds have become financial roach motels : Investors can put their money in, but they can’t get it out. - So why is nationalisation a dirty word in America? - Watching Chanos’s trades over the last six months is like reliving the economic meltdown in slow motion - Playing the Thain blame game - So does he, or does he not, deserve a bonus? - Good bye, petrodollars … - Would you ...
Tuesday links: bubbles, bulls and bears
Abnormal Returns —
... like real estate “bubble memory“? (Odd Numbers)
A new mortgage term to remember: re-defaults. (Calculated Risk)
Every recession is different. (Econbrowser, Mankiw Blog)
Goodbye petrodollars. (Follow the Money)
Speak not the word, nationalization. (naked capitalism)
“Breathtaking corruption ...
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