The Economics of Gold-Digging The following story is currently making the rounds on the Internet. The events probably didn’t happen exactly as described, but for my purposes it doesn’t really matter. Supposedly, a woman posted the following personal ad on Craigslist: What am I doing wrong?Okay, I’m tired of beating around the bush. I’m a beautiful (spectacularly beautiful) 25-year-old girl. The response she got was as follows: Dear Pers-431649184:I read your posting with great interest and have thought meaningfully about your dilemma. I have to say that the respondent has some pretty sensible economics in his answer. I wouldn’t expect male economists to marry very well. Also, completely contrary to what an economic model might predict, I can’t think of any economist who left his wife in middle age for a younger “trophy” wife. So maybe economists aren’t such heartless, conniving people after all. (Hat tip: Meng Li.)
Modern portfolio theory Modern portfolio theory (MPT) is a theory of finance that attempts to maximize portfolio expected return for a given amount of portfolio risk, or equivalently minimize risk for a given level of expected return, by carefully choosing the proportions of various assets. Although MPT is widely used in practice in the financial industry and several of its creators won a Nobel memorial prize for the theory,[1] in recent years the basic assumptions of MPT have been widely challenged by fields such as behavioral economics. More technically, MPT models an asset's return as a normally distributed function (or more generally as an elliptically distributed random variable), defines risk as the standard deviation of return, and models a portfolio as a weighted combination of assets, so that the return of a portfolio is the weighted combination of the assets' returns. Concept[edit] History[edit] Mathematical model[edit] This section develops the "classic" MPT model. Risk and expected return[edit]
Hedge Analyst 10 Right Ways to “Occupy” There is value in protest. But protest doesn’t always look like taking up residence in a tent city, standing on a street corner with scrawled signs. (Although, I admit it: I like that, too.) Yes, the Occupy Wall Street protests have ignited a much-needed discussion about our economic systems ... but now what? I am a simple living wannabe. I have a mortgage, three tinies and a habit of wandering aimlessly through Pinterest as a cheap form of therapy. As I wrote for RELEVANT recently, if there is a greater purpose to Occupy Wall Street, then perhaps it is this: A call to repentance and change for us all. Here are a few actions that I would like to hold up for your consideration and conversation as we seek to make economic choices that affirm our personhood in Christ and our countercultural values. 1. 2. 3. ... or buy handmade. 4. 5. 6. 7. 8. 9. 10. Sarah Styles Bessey is a nonprofit marketing director, writer andsimple living/social justice wannabe.
An Anticlassical Political-Economic Analysis: A Vision for the Next Century - Yasusuke Murakami, Kôzô Yamamura Modern liberalism in the United States Modern American liberalism combines social liberalism with support for social justice and a mixed economy. American liberal causes include voting rights for African Americans, abortion rights for women, same-sex marriage and government programs such as education and health care.[1] It has its roots in Theodore Roosevelt's New Nationalism, Woodrow Wilson's New Freedom, Franklin D. Roosevelt's New Deal, Harry S. Truman's Fair Deal, John F. Kennedy's New Frontier, and Lyndon B. Keynesian economic theory has played a central role in the economic philosophy of modern American liberals.[8] The argument has been that national prosperity requires government management of the macroeconomy, to keep unemployment low, inflation in check, and growth high.[8] John F. How voters identify themselves has been fairly stable over the last two decades. 21st century issues[edit] American versus European use of the term "liberalism"[edit] Demographics of American liberals[edit] Early modern liberalism[edit]