There's a hole in the bucket of traditional economics. Homo socialus seems to be on the rise, and homo economicus is getting harder to find. Vulcanism has become evident [...]
Finance textbooks say that more volatile assets should have higher returns. The volatility puzzle is that that doesn't always hold true. You should be getting used to textbooks not [...]
I had considered doing a satire on using astrology to do fund management. Something along the lines of Capgemini is a Pisces, perhaps. Reality seems to have beat me [...]
Except most of the time you get the cheese. The carry trade has been remarkably fruitful, even considering the periodic crashes.
http://www.nber.org/chapters/c7288.pdf
Steven,
Thanks for adding the reference.