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The irrational neglect of optimal betting strategies

Details: “There is a meaningful gap in the education of young finance and economics students when it comes to the practical application of the concepts of utility and risk taking. The existence of this gap is even more surprising than the poor play of our subjects.

› Verified 4 days ago

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What made FOMC members hawkish or dovish

Details: “A driving force for such different perceptions can be the policymakers’ personal backgrounds, and notably their education.” Measuring members preferences “ One could use the voting records but… there may be more shortcomings than gains to use them to derive the members’ preferences. This is notably the case if members vote

› Verified 3 days ago

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ECB summary of China’s imbalances and risks Systemic

Details: High precautionary savings: Despite progress made, the health, pensions and education systems…are still in their infancy. Corporate governance: The rising retained earnings of SOEs and a dividend policy that largely prevents SOEs’ wealth being shared by households

› Verified 5 days ago

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