Prior Analytics
9 July 2010, 19:23 UTCIncoherent Prediction Markets?
I have known about prediction markets for some time, and find botboth the theoretical arguments and the evidence convincing. But only today did I register for one and look around. I found something odd.
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22 June 2010, 2:15 UTCWho Knows Best?
Ann Nicholson just pointed me to an excellent discussion of two approaches to behavioral economics: nudge vs. regulate.
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22 June 2010, 1:13 UTCEmacs Calendar & pdfLaTeX
How to print emacs calendar landscape using pdfLaTeX.
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13 April 2010, 1:12 UTCRiding the E+ Sun Ray EZ Recumbent
6 April 2010, 18:46 UTCPerformance-Weighted Opinions
27 March 2010, 1:00 UTCYudkowsky on Priors
2 February 2010, 19:28 UTCFundamental Law
14 January 2010, 2:39 UTCPhoto in The Fairest
19 November 2009, 21:47 UTCProbability Words
6 November 2009, 15:12 UTCExplosives Divining Rod
6 November 2009, 10:58 UTCConsistency
31 October 2009, 0:57 UTCPHIL 721 Advanced Seminar: Causation
22 October 2009, 3:29 UTCBNs for Intelligence Analysis
21 October 2009, 23:59 UTCBNs for Initiative Assessment
6 October 2009, 13:33 UTCNetbooks vs Thinkpad X40
14 September 2009, 19:12 UTCpasswd:
13 August 2009, 0:37 UTCPay Too Much For Food & Power
6 November 2008, 16:51 UTCGelman on the Election
9 October 2008, 3:32 UTCRail vs. Bus
5 August 2008, 12:12 UTCBicycle Helmets & Pedestrian Casualties
9 July 2008, 14:58 UTCReston to GMU Bike Route -- Updated
1 July 2008, 21:45 UTCCorrelation & Causation
18 June 2008, 20:38 UTCThe Crowd Within
16 June 2008, 19:40 UTCAudiophiles, Significance Tests, Greenspun's Tenth Rule
10 June 2008, 13:27 UTCDemocracy
13 March 2008, 0:24 UTCKrugman on Interstellar Trade
6 March 2008, 1:33 UTCScience & Magic
29 November 2007, 1:58 UTCFixed Links
10 October 2007, 16:41 UTCAviation collision experiments
22 September 2007, 14:52 UTCPay for free software
Krugman 1978. The Theory of Interstellar Trade
This paper extends interplanetary trade theory to an interstellar setting. It is chiefly concerned wtih the following question: how should interest charges on goods in transit be computed when the goods travel at close to the speed of light? This is a problem because the time taken in transit will appear less to an observer travelling with the goods than to a stationary observer. A solution is derived from economic theory, and two useless but true theorems are proved.
(p.2) These complications make the theory of interstellar trade appear at first quite alien to our usual trade models; presumably it seems equally human to alien trade theorists.
(p.2) This paper, then, is a serious analysis of a ridiculous subject, which is of course the opposite of what is usual in economics.
(p.5) At this point is [sic] is unlikely that the reader will raise the following objection.
And his second theorem is that:
If sentient beings may hold assets on two planets in teh same inertial frame, competition will equalize the interest rates on the two planets.
Thanks to njh, now with Aether-powered blog.