How can we achieve direct, efficient communication ( Read more... )

I'm currently in love with the idea of memory-foam mattressesApparently a memory-foam mattress is more expensive than a regular mattress + a memory-foam overlay separately. This is the opposite of what one would expect from buying a bundled product (which is somewhat similar to buying in bulk) (also there are fewer fixed costs). I'd like to find ( Read more... )

Can anyone explain the identification problem (very short article) in a non-confusing way ( Read more... )

If a drought destroys units of a certain crop, whose demand is inelastic, uniformly across producers, then all the producers benefit. This is slightly paradoxical, but it's true: cartels form precisely to artificially create such a situation of scarcity: if producing 1% less makes the prices 10% higher, then it makes sense to limit production ( Read more... )

Imagine a game in which you ( Read more... )

Should you ever buy rental car insurance?, via MR ( Read more... )

My Albert Heijn is frequently out of soap. It can be really annoying when I don't have any left. I can't understand why they don't fix this ( Read more... )

Shopping is not patriotic, by Cafe Hayek
What are the roots of this strange belief that for our economy to be healthy, we need people to buy stuff ( Read more... )

If experts are rational, then they will assign equal utility to all the worlds in which they are dead. When betting about questions that are related to their death, these experts should therefore be biased towards optimism ( Read more... )

Hypothesis: the kind of people who like cybernetics are similar to the kind of people who like category theory. Both fields are about abstract structures that can be applied to several different fields. I am one such person ( Read more... )