The Nobel Memorial Prize in Economic Studies is awarded on Monday, October 8, 2018, and your favorite commentators from ReasonablEconomics are here to give their predictions for who will take home the prize, glory, and potential $1.4million. Kenzi: My pick for the 2018 Nobel Prize goes to none other than, Daron Acemoglu for institutional analysis … Continue reading Who’s going to win the Nobel Prize: Our Picks… In Case You’re Interested
Oh, Bitcoin. It has people more divided than our commander-in-chief. On one side, we have the aspiring (or closet) millionaires — the Bitcoin enthusiasts — preaching the good word of cryptocurrencies. And on the other side of the aisle, we have the finance millionaires — or the financial establishment — waiting somewhat patiently for Bitcoin’s … Continue reading Robert Engle III: Predicting Bitcoin’s Volatility
By Andrew M. Baxter A gambler walks into MGM Grand, pockets swollen with $10,000. He converts his cash to chips and finds a seat. After playing poker for an hour, he understands the play style of his opponents. Feeling comfortable, he examines his middling five-card hand, considers the odds, and folds. As the day drags … Continue reading It Depends: The Kahneman Frame of Mind
If you live in the city like me, public transportation is a way of life. It helps you go from point A to point B without having to own a car. Since moving to DC, I have discovered many alternative modes of transportation. I have the option to walk without having to pay a dime. … Continue reading It Matters How You Get There: McFadden and the Metro
Gotta get y’alls blood pumping for this post, so let’s start with a pop quiz! Yes, this is graded. Which country is more prosperous? The US or Saudi Arabia? Got your answer locked in? Surprise! According to the GDP per capita, they’re basically the same level. The US wins, but not by much. Why is … Continue reading Amartya Sen: Just What are We Capable of?