I’d have many problems with some of the ideas put forward in there (eg. Emil Boc’s role in Cluj’s development for instance is highly overrated– a cost-benefit analysis would most likely arrive at the opposite conclusion; the whole idea of the article is to convince people to invest in advertised property on that site, hence the general upward bias in the assessment; there is then the entirely ignored idea of spurious rises in property price, aka a possible bubble on everybody’s language etc.–
→ Read more Category: economics
Radiohead members should start PhDs in Experimental Economics
… because their recent idea makes for a super interesting experiment; we have all very high hopes :-). So go and download their latest album, “In Rainbows”. Really no scam: it’s all up to you, you can pay as much as you want (for the download version).
→ Read more The electorate’s 4 boneheaded biases
Bryan Caplan at his best. The focus is on the USA, but the applicability is, unfortunately, universal.
PS. I am still reading Caplan’s “The Myth of the Rational Voter.
→ Read more Econlinks for 19-09-07
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Ian Ayres’s prediction tools online. Although predicting things like how long your marriage would last or how long you’ll live might also catch the interest of some, my favourite by far is predicting the value of Bordeaux.
Econlinks for 14-08-’07
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Ken Rogoff says that we might be “better red than dead” in the long run. I doubt most Central-Eastern Europeans would feel any close to comfortable with that. And that despite that the Vikings (the present-day ones) are rather reddish and pretty well still.