There is a sender and two receivers, L and R. The sender has information, the state of the world, and can also make a decision. There is a socially optimal decision, the ethical decision, which depends on the true state of the world. The sender’s...
by Calculated Risk on 11/16/2023 10:00:00 AM
The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 34, down from 40 last month. Any number below 50 indicates that more builders view sales conditions as poor than good.From the...
George Will isn’t betting that humanity will abandon fossil fuels any time soon. Voters are demanding less green bossiness. Sweden’s government has cut fossil fuel taxes several times in the past 12 months, taxes that have fueled populism. British Prime Minister Rishi Sunak, with...
Having a baby changes everything - an economist's perspective on having kids
I've been pretty lazy lately with posting on Byte Size since our son was born last year, but I am finally getting over that initial parenting hump and finding time to write. But...
The national
capital of India is again in news due to pollution. Walking in the streets of
Delhi can be more lethal than smoking 50 cigarettes a day. The major reason
told to us for this pollution is the stubble burning by the farmers of Punjab
and Haryana....
