Thaler’s Stylized Facts on Horsetrack Betting

Back to some behavioral economics. Thaler cites three stylized facts about horsetrack betting, they are as follows: 1. Most betters bring an amount of money that represents a small amount of their overall wealth. In terms of mental accounting, this money may represent...

Starting to Drive Less? Save on Insurance

As the price of gasoline tops four dollars a gallon in the US and 1.4 a liter in Canada, consumers who are driving less could save an average of 5 to 15 percent on their automobile insurance rates if they just phone their insurers. That’s according to the...

Stop Coddling the Rich – Why Buffet is Right

Did you catch this opinion piece in the NY Times August 15th, 2011? On the heals of a Republican hold out to get everything they wanted in the debt ceiling debacle using the American people as ransom, Warren Buffet, one of the richest men in all the world, suggested...

Capital Flight and Slowing Exports – Revaluation

Q. What kind of policies would policy makers Central Bank (CB) consider with: an exchange rate system with a “fixed E system”, high export growth, a rise in inflow of capital in the past few years, a problem emerging with growth of exports are slowing down...

Links Collection on America’s Debt Ceiling Debacle

The debts have to paid at some point, and Republicans don’t seem to understand you can’t live your life on credit and are unwilling to accept a deal that doesn’t entirely represent their far right-wing conservative values. Democrats seem to forget...

Real Estate Market Heats up in Summer – For Some…

Summer time usually means the real-estate market heats up as people come out of their winter shells and look for property. Sales are historically higher in the Spring-Summer compared to the Winter. This year is no exception in Canada as single-family and condo sales...