Archive for May, 2008

Two Nice Articles on Risk
Managing fear while weighing risks Is your gym locker room crawling with drug-resistant bacteria? Is the guy with the bulging backpack a suicide bomber? And what about that innocent-looking arugula: Will pesticide residue cause cancer, or do the leaves themselves harbor E. coli? But wait! Not eating enough vegetables is also ...


Why Rich isn’t Rich; Proposing an Alternate Definition
The rich are rich because they focus on the long-term acquisition of assets... assets such as stocks, bonds, businesses and income producing real estate. Many times the rich will forsake meals, a steady pay check, a vacation, or the comfort of a nice home, to build or acquire real assets. —Robert ...


Why eBay and Craigslist are Similar in Theory: the Revenue Equivalence Theorem
I can be bought. How can I get a high selling price? Imagine for a moment that I was for sale. Let’s say I was selling myself as a date to raise money for charity. There are many factors I might consider to increase my selling price. How I describe myself is ...