I’m a bit of a lefty, albeit one with a traditional education. I used to think that the flaw in capitalism was that its natural outgrowth was monopoly, but it’s not. Companies have a great way of screwing up. Sometimes this is due to the effect of disruptive technologies (Eastman Kodak); other times due to… [Read More]
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Paying for college: Resales and the cost of textbooks
The cost of textbooks is an ongoing issue for college students. They cost two tons of money, and why? The textbook companies often blame the used book market. The argument is that the first sale of the book has to come at a high price in order to ensure a fair price for the value… [Read More]
The blogathon haiku
Today’s blogathon assignment is a haiku. Well, then: The blogathon calls for haiku, short poem but: harder than it looks
“Deal or No Deal” works because no one understands risk
Okay, I’m overstating it a bit. Plenty of people understand risk, but they don’t appear on “Deal or No Deal”. The rational thing for a contestant is to take the first deal that the banker offers. It’s usually close to the average value or all of the cases, and the contestant walked on stage with… [Read More]
