Extra Credit, Wednesday Edition


wealth isn’t wealth: Have you heard much about the "wealth effect"

recently? No? Willem Buiter explains why it might not exist anyway.


Big Is Rhode Island, Anyway?

Still Demise-ing:

"In a world of greater volatility, mean reversion will become riskier."

But wouldn’t that mean lower leverage?


Nash Equilibrium and Strategy Dominance: A Classroom Experiment on the Beauty

Contest: Probably mainly of interest to people who want to be paid

for reading this blog.

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