There are a few popular names for what brick-and-mortar retail is going through right now: “Amazon-ization,” the “Retail Apocalypse,” or, my own personal favorite, the “Retail Ice Age.”
In a recent post, I wrote about the AI breaching the key dimension of ‘intelligence’ – the ability to self-acquire information and self-replicate knowledge
There is a much-discussed in the crypto-sphere chart making rounds these days, plotting Bitcoin price dynamics against the historical bubbles of the past:
Fakery and trickery are not solutions; they are a form of self-delusional madness that destroys the nation’s ability to face reality squarely and choose real solutions, no matter how painful the choice and path might be. The nation has lost its common …
Fed Study Says San Francisco Fed research blames low inflation, neutral rate
The price of gold last week reached its highest level in one month.
In the context of the ongoing Chinese debt bubble crisis (yet to explode into a full crisis, but the timer is ticking ominously),
Chris Whalen posted an interesting articile this morning entitled “Is Multifamily Lending a Threat to US Banks?
Behavioral biases come in all shapes and forms. Many of these, however, relate to the issue of imperfect information (e.g. asymmetric information, instances of costly information gathering and processing that can distort decision-making, incomplete information, etc).
In economics, two key market asymmetries/biases lead to the severe reduction in markets efficiency often marking the departure from theoretical levels of efficiency (speed, with which markets incorporate new relevant information into pricing decisions …