The Last Place Aversion

How does last-place aversion play out with regard to redistribution? In our surveys, we asked Americans whether they supported an increase to the minimum wage, currently $7.25 per hour. Those making $7.25 or below were very likely to support the increase – after all, they would be immediate beneficiaries. In addition, people making substantially more than…

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Its Friday

I was trolling through the online version of Rolling Stone the other day and came across their poll of the 100 Greatest Singers So I immediately went to see who was numbers 1 and 100 and found Aretha Franklin and Mary J Blige respectively and thought no argument there. Then I looked a little further…

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Risk

A mate of mine in the medical profession lobed this in my inbox. I believe Jobs also tried acupuncture, herbal remedies, psychics and colonic irrigation – all of them profoundly unsuccessful and basically bullshit. In reading about Steve Jobs’ death, I was disappointed to learn that after his carcinoid tumor (a rare type of malignant…

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Positive Contagion

I am not certain of its application to trading but I am certain there is one somewhere. Putting Like a Pro: The Role of Positive Contagion in Golf Performance and Perception Abstract Many amateur athletes believe that using a professional athletes equipment can improve their performance. Such equipment can be said to be affected with…

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