Introduction Tyler Cowen (from Marginal Revolution) presents an excerpt for this interesting paper: Results of the experiment demonstrated dramatic cultural differences in financial value estimations, as well as on the influence of variables such as framing effects. Chinese participants made higher object value estimates than Americans did, even when adjusting for differing ...

Summary: The Global Swarm Continues StrategyUnit has focused on the fact that “Islamic Terrorism” (for lack of a better, shorter term) as it exists today is very much the global guerilla movement that John Robb has been writting about. The recent arrests in Toronto, aborting a potential attacking, and a recent article ...

Econbrowser’s Menzie Chinn Menzie Chinn, while discussing the new appointed Sec. Treasurer Henry Paulson, puts out to a laundry lists of major and mounumental challenges the U.S. economy is facing. His full article, “Does a new economic team mean a new economic policy?“, is worth the read. the economy has both underperformed ...