8. December 2009 13:58
How to value life is a thorny issue for economists and non-economists, but I hadn’t expected the question to be also a matter of lively discussion among dinosaurs. And considering the state of decision theory at the time, they do a pretty good job at it.
13. December 2008 19:24
Dilbert is one of my favorite comic strips ever. Besides being consistently very funny, it is also surprisingly insightful. Today's strip is an excellent illustrations of why diversification alone is not necessarily sufficient to reduce risk: one has to account for correlation between the assets.