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Lynn Stout, a law professor at UCLA, says yes: Why does a large slice of the hedge fund industry seem to have succumbed to illegal behavior? I would argue that it’s not so much about misaligned incentives, as we might guess from standard economic theory, but rather because, from a behavioral perspective, hedge funds are [...]
Filed under: Uncategorized | Tagged: causation, Wall Street | Leave a Comment »
The story of “The Great Recession”, as many are calling the current economic crash, is in the process of being told. There are so many angles and players that it is difficult to tell the story in one single work. Each article and book that comes out focuses on one aspect of the crisis (e.g. [...]
Filed under: Uncategorized | Tagged: Economics, Recession, Wall Street | 1 Comment »
Fiction
Quicksilver (The Baroque Cycle, Vol. 1)
Non-fiction
The Book: Playing the Percentages in Baseball
Priceless: The Myth of Fair Value
The Numbers Game
Codes of the Underworld: How Criminals Communicate
Proofiness: The Dark Arts of Mathematical Deception
The Rational Optimist
The Quiet American
How Doctors Think
The Wisdom of Whores
Switch
Operation Mincemeat: How a Dead Man and a Bizarre Plan Fooled the Nazis and Assured an Allied Victory
