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Economics

Monkey Business

April 11, 2018 0 Comments
Monkey Business

Capuchin Economics: M. Keith Chen (now at UCLA) studied the economic activity of Capuchin and Tamarin monkeys. What I find fascinating is that he first taught the monkeys how to use money (in this case, metal washers) to trade. It took a while, but they learned the value of money for trading. They learned to […]

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VUCA

February 28, 2018 0 Comments
VUCA

Massive VUCA Ahead: Volatility, Uncertainty, Complexity and Ambiguity (VUCA). Lots and lots of moving parts in our economy. That we are living in an ambiguous environment is definitely an understatement. I am reminded of a recent car trip where a colleague was driving. We were going to an unfamiliar destination, so of course we were […]

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What If We’re Wrong?

June 14, 2017 0 Comments
What If We’re Wrong?

We “See” What We Believe I’m not saying we are wrong. And I’m certainly not saying we should plan to be wrong. But what if . . . ? [I think this may well be an ongoing series of posts!] I’ve been thinking more and more about how we’ve gotten so much wrong. From the […]

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Rip-Off?

May 4, 2016 0 Comments
Rip-Off?

<rant> I’m doing my usual thing of reading an e-book. I am totally annoyed by Amazon SPAMing me with an ad to purchase the audio files to go with the book. Really? I totally get how convenient it is to have an audio version of books and newspapers, etc. I listen to podcasts and The […]

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Paul Tudor Jones II: Why we Need to Rethink Capitalism

April 23, 2015 0 Comments
Paul Tudor Jones II: Why we Need to Rethink Capitalism

In his TED Talk Paul Tudor Jones II said: “… we as a society have come to view our companies and corporations in a very narrow, almost monomaniacal fashion with regard to how we value them, and we have put so much emphasis on profits, on short-term quarterly earnings and share prices, at the exclusion […]

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The Regulation “We Deserve.”

April 22, 2015 0 Comments
The Regulation “We Deserve.”

Yesterday I had lunch with a good friend and colleague. We had a wide ranging discussion as usual, including talking about the water situation here in Southern California. Recently a court ruling found that a small town’s water district here in SoCal did not calculate their rates properly. I suspect the Water District knew that, but […]

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Book Review: Naked Statistics by Charles Wheelan

October 23, 2013
Book Review: Naked Statistics by Charles Wheelan

How many times have you wondered how two different people looking at the same report managed to draw totally opposite conclusions? How many times have you looked at a set of data yourself and decided that the data must be wrong because it doesn’t show what you “know” to be true? Well, I suspect that […]

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Book Review: Freakonomics by Steven D. Levitt and Stephen J. Dubner

November 29, 2005
Book Review: Freakonomics by Steven D. Levitt and Stephen J. Dubner

This book is simply astounding. Some of the conventional wisdom and old standby principles to live by are either totally shattered or are at least called into question by this very challenging book. Once I started reading Freakonomics, I found it difficult to put down. Not only is it written in a casual style that […]

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