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Most recent posts

  • The Romney Whale

    posted to Rajiv Sethi on Thu 26th Sep 13

    In my last post I referenced a paper with David Rothschild that we posted earlier this month. The main goal of that work was to try to examine the manner in which new information is transmitted to asset prices, and to distinguish empirically between two influential

  • Information, Beliefs, and Trading

    posted to Rajiv Sethi on Sun 22nd Sep 13

    Even the most casual observer of financial markets cannot fail to be impressed by the speed with which prices respond to new information. Markets may overreact at times but they seldom fail to react at all, and the time lag between the emergence of information

  • The Spider and the Fly

    posted to Rajiv Sethi on Sat 3rd Aug 13

    Michael Lewis has written a riveting report on the trial, incarceration, release, and re-arrest of Sergey Aleynikov, once a star programmer at Goldman Sachs. It's a tale of a corporation coming down with all its might on a former employee who, when all is said

Most popular posts

  • Algorithmic Trading and Price Volatility

    posted to Rajiv Sethi on Fri 7th May 10

    Yesterday's dramatic decline and rapid recovery in stock prices may have been triggered by an erroneous trade, but could not have occurred on this scale if it were not for the increasingly widespread use of high frequency algorithmic trading. Algorithmic trading

  • The Invincible Markets Hypothesis

    posted to Rajiv Sethi on Sun 14th Feb 10

    There has been a lot of impassioned debate over the efficient markets hypothesis recently, but some of the disagreement has been semantic rather than substantive, based on a failure to distinguish clearly between informational efficiency and allocative efficiency.

  • Some Further Comments on Nominal Wage Flexibility

    posted to Rajiv Sethi on Wed 16th Dec 09

    Tyler Cowan thinks that we should cut minimum wage, and links to Bryan Caplan for an explanation. And Caplan thinks that it's all quite elementary:Cutting wages increases the quantity of labor demanded.  If labor demand is elastic, total labor income rises

Latest posts linking here

  • 'Information, Beliefs, and Trading'

    posted to Economist's View on Sun 29th Sep 13

    Under the weather today, so I'll hand the microphone over to Rajiv Sethi: Information, Beliefs, and Trading: Even the most casual observer of financial markets cannot fail to be impressed by the speed with which prices respond to new information. Markets may

  • Saturday links: legal thinking

    posted to Abnormal Returns on Sat 28th Sep 13

    The weekend is a great time to catch up on some long form items that we passed up on during the week. Thanks for checking in.Decision makingHow legal training can make you a better investor. (Above the Market)The case for systematic decision making. (Turnkey

  • Links for 09-27-2013

    posted to Economist's View on Fri 27th Sep 13

    Trade and Secular Stagnation - Paul KrugmanThe Romney Whale - Rajiv SethiWhat's wrong with predistribution - Lane KenworthyA Time of Testing - Narayana KocherlakotaThe Fed's Confusing Search for Clarity - NYTimes.comEstimating the State of the Climate Weblogging