WHEN WILL YOU PARTICIPATE IN AN ASSET PRICE BUBBLE?

Do investors holding an asset in the midst of a price bubble all come to share similar beliefs, even if they did not do so previously?  Asset price bubbles are unfailingly supported by a captivating narrative, which is ‘validated’ by price movements, draws in investors and allows for traditional valuation considerations to be discarded.  It…

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The 25 Most Influential Artists

In national security, social network analysis is used to identify potential terrorists. In marketing, it can uncover the Instagram influencers who are best positioned to sell a company’s product. But social network theory—the study of how different people or things interact with one another, often revealing the most influential and well-connected people among a certain population—can also,…

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THE DISMAL SCIENCE REMAINS DISMAL

WHEN HRISTOS DOUCOULIAGOS was a young economist in the mid-1990s, he got interested in all the ways economics was wrong about itself—bias, underpowered research, statistical shenanigans. Nobody wanted to hear it. “I’d go to seminars and people would say, ‘You’ll never get this published,’” Doucouliagos, now at Deakin University in Australia, says. “They’d say, ‘this is bordering on libel.’”…

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