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- HOW BANKS PREPARED FOR A U.S. DEFAULT. (2)
- GREECE’S ADVANTAGE IN THE CHICKEN GAME. (2)
- Nick: That makes sense. It reminds me of the stories Pater Familias would tell me about how in Boston the person with...
- Dick Weisfelder: Greece seems to me to be playing a game that Karl Deutsch called “underdog.” While one...
- FOOTBALL PLAYERS DELIBERATELY CAUSING CONCUSSIONS? (3)
- Nick: It was my understanding that boxing gloves were to protect the puncher’s hands and not the...
- Dick Weisfelder: Remember the Roman arenas? Bare knuckled boxing? Such injuries were taken as natural and accepted in...
- Mary Jane Schaefer: This isn’t about football. Or even sportsmanship. Well, it is about sportsmanship. But what...
- A 25 % CHANCE OF A EURO DEFAULT? (1)
- Nick: The fact that this has gone on for so long is pretty perplexing. The Economist is referring back to articles it...
- DECIDING WHAT KIND OF PATIENT YOU ARE. (1)
- Dick Weisfelder: One can be very open to new technology, but also risk averse. The recent debates about how to...
- THE EUROZONE—A CHICKEN GAME WHERE EVERY MEMBER CAN BLOW IT UP? (1)
- Mary Jane Schaefer: This is not a matter of chicken. These are all turkeys.
- PLAYING WITH MATCHES NEAR A GASOLINE TANK. (1)
- Mary Jane Schaefer: Why would the French care? As long as they take down Britain?
- NORWAY’S CHRISTMAS BUTTER SHORTAGE. (1)
- Mary Jane Schaefer: Christmas with a butter cookie shortage–in Scandinavia. This isn’t even Scrooge. This...
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Category Archives: Politics
GREECE’S ADVANTAGE IN THE CHICKEN GAME.
GREECE’S ADVANTAGE IN THE CHICKEN GAME. One advantage that Greece has in the negotiations with respect to a possible Greek default is that Greece’s moves will not be required until after the deadline. The deadline for the funding from other … Continue reading
Posted in Economics, Politics
2 Comments
WINNING WITH FEWER VOTES—IOWA AND NEW HAMPSHIRE.
WINNING WITH FEWER VOTES—IOWA AND NEW HAMPSHIRE. It is bizarre that two small states have such a large role in choosing the major party candidates for President. Kids, the way that journalists have determined which candidates have “won” each in … Continue reading
Posted in History, Politics
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WHY SUNK COSTS SHOULD BE IGNORED.
WHY SUNK COSTS SHOULD BE IGNORED. Kids, you have probably encountered the the economic argument that it is a fallacy to take sunk costs into consideration in making a decision (“sunk costs” are defined in this wikipedia article as “retrospective … Continue reading
Posted in Baseball, Economics, Politics, Sports
2 Comments
PLAYING WITH MATCHES NEAR A GASOLINE TANK.
PLAYING WITH MATCHES NEAR A GASOLINE TANK. Here is a Guardian summary of events on Friday December 16 relating to the Eurozone crisis. If you scroll through you will see that it was a hectic day. At 5:50 p.m. Fitch … Continue reading
THE EUROZONE—A CHICKEN GAME WHERE EVERY MEMBER CAN BLOW IT UP?
THE EUROZONE—A CHICKEN GAME WHERE EVERY MEMBER CAN BLOW IT UP? I began a discussion of chicken games in connection with the debt ceiling negotiations (here is some of the discussion). Radek Sikorski, the Foreign Minister of Poland, gave a … Continue reading
PRICING FAT TAIL RISK.
PRICING FAT TAIL RISK. Kids, you will note that the “fat tail risks” that are currently being recognized by the crude oil markets—possible trouble in Russia or the Middle East, collapse of the eurozone— are also fat tail risks in … Continue reading
Posted in Economics, History, Politics
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MY FIRST EXERCISE OF POWER.
MY FIRST EXERCISE OF POWER. I was reminiscing the other day, and Annalisa urged me to post the story. I thought about what the meaning of the story was, and it occurred to me that it was the first time … Continue reading
Posted in Politics
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ARE THE IOWA CAUCUSES UNREPRESENTATIVE?
ARE THE IOWA CAUCUSES UNREPRESENTATIVE? Since the Iowa caucuses assumed enormous importance in 1972, they have been presented as examples of grassroots democracy and therefore worthy of their enormous importance. This interview with a “shrewdly cynical professional” presents a view … Continue reading
Posted in Journalism, Politics
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THE NOMINATION PROCESS—THE PROGRESS SO FAR.
THE NOMINATION PROCESS—THE PROGRESS SO FAR. The 2012 nomination process got off to a bad start from my point of view when Governor Pawlenty withdrew in the middle of 2011 after having suffered a defeat in a straw poll in … Continue reading
Posted in History, Politics
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IS THERE HOPE FOR A BETTER NOMINATION PROCESS?
IS THERE HOPE FOR A BETTER NOMINATION PROCESS? Almost five years ago, I began a series of posts here, all of which expressed a hope for a better presidential nomination process. I had a quote from Michael Barone which summarized … Continue reading
Posted in History, Politics
2 Comments