cjy

15 ms·

91.
by cjy 15y ago
When the blog author argues that "Warren Buffet should write a check" he is not oblivious to the fact that asking everyone in your tax bracket to pay more taxes generates more revenue than making a voluntary contribution. Rather, he is arg
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by cjy 15y ago
Well said. The guy also makes a good point that Buffett isn't clear what he is advocating. Does he want to raise the capital gains tax only on the mega rich or raise capital gains taxes for everyone which would have a disproportionate imp
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by cjy 15y ago
You don't understand comparative advantage. As long as there is scarcity, comparative advantage matters. There were 24 hours in a day when Ricardo was around and there still are today. There are theoretical cases under which trade can mak
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by cjy 15y ago
Good point. Even though all pieces can be almost anywhere, the algorithm could use the probability of the pieces being in certain situations to improve it's guesses dramatically. This would be especially true if you told the computer whet
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by cjy 15y ago
I was thinking colored dots. Bar codes might look better, but wouldn't you need a pretty high resolution photo?
96.
by cjy 15y ago
I found this article poorly written and defended. I didn't find it HN worthy. It is basically an investment manager complaining that the wealthiest Americans are mostly in finance and don't pay enough taxes because most of their earnings a
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by cjy 15y ago
The NLSY doesn't include a test of IQ. It includes an AFQT test. That stands for Armed Forces Qualification Test. The NLSY tracks young people who are between 14-22 in 1979 through time. Therefore, they take the AFQT test when they are a
98.
by cjy 16y ago
The first quote wasn't an ad hominem attack because it wasn't directed at the engineering deans, but rather at the author. If you're trying to determine whether people should drop out of school why would you only survey deans to make a poi
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by cjy 16y ago
Of course engineering school deans are going to think dropping out is a bad idea. The guy at Best Buy will also try to convince you to buy a warranty on your flat screen T.V. There are definitely some good reasons to stay in school, but th
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Flexible Parking Pricing coming to SF(sfgate.com)
2 points by cjy 16y ago|0 comments
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Disappointing Experience with Rackspace(petewarden.typepad.com)
3 points by cjy 16y ago|13 comments
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by cjy 16y ago
Why not limited the number of searches that someone can make, or limit the resolution of the photos they can download? That will get a lot of people in the habit of using site and then they might upgrade when they get annoyed by the free l
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Tunisian President Flees After WikiLeaks exposes Corruption(aolnews.com)
2 points by cjy 16y ago|0 comments
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Amazon vs. Illinois: Game Theory and Taxes(mindyourdecisions.com)
2 points by cjy 16y ago|0 comments
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by cjy 16y ago
Why don't people ever recommend suing Paypal in small claims court? It takes time, but won't that force the issue?
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by cjy 16y ago
You miss lacker's point, labor intensive goods actually become more expensive as society becomes more productive. Check out Baumol's Theorem on wikipedia. Basically, as technology makes us more productive in a lot of industries, the opport
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by cjy 16y ago
Links cannot be defamation because the content that is linked to can change at any time. Linking is more like referencing an author than referencing a book. A certain edition of a book will always say the same thing. The content on a blo
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by cjy 16y ago
Problem: No one is hiring people with degrees Proposed Solution: Spend more money on education so that more people have degrees. How does this make any sense? Shifting supply to the right will only reduce the equilibrium wage.
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by cjy 16y ago
My friend is in Antarctica doing research and the pictures and video in this post blew me away. It reminded me how important it is to do things that you are passionate about. If you're not working on important, interesting, exciting project
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Tagging Seals in Antarctica(aspiringecologist.com)
1 points by cjy 16y ago|1 comments
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by cjy 16y ago
This is not a conventional use of the principal-agent problem. The landlord is not your agent in the sense that an employee is an agent for an employer. You are arguing that landlords have market power because switching costs are high. Th
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by cjy 16y ago
In economics this is referred to as "bundling". By selling multiple products together you can extract more surplus from customers with diversified tastes. Say, Customer 1 is willing to pay $100 per month for Basecamp and $60 per month for
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by cjy 16y ago
"If the vast majority of us are renters rather than owners, who has incentive to do any maintenance or improvement?" This doesn't make sense. The remaining owners will still compete for renters. If my landlord does a bad job, I will find
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by cjy 16y ago
A while back I did a lit review on the correlation between grades and teacher evaluations. I remember being surprised at how little of a correlation economists found between the two variables. Based on my memory, things like teacher perso
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by cjy 16y ago
I would go to Elance and look through the things people are paying for. If you can find something that lots of people are buying but can be commoditized you've found a winner. Since you are experienced in PHP, make some PHP component that
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by cjy 16y ago
I can totally relate to this article. My college library would sell books it got from estate sales but didn't want. I would hang out in the library with my laptop looking up ISBNs on amazon. I found a few gems and sold a cake decorating
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by cjy 16y ago
The problem with that analogy is that people rarely respond if asked to do something as part of a group. By nature, a mass facebook request isn't personalized. It's like asking if anyone in the class knows the answer vs. picking on a part
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by cjy 16y ago
I get your point. You need actual dollars coming in to be profitable. But, my point is that in some markets a lot of people not paying is worth more than a few people paying. Whether I pay you, or make your product more valuable so other
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by cjy 16y ago
This is a popular idea on HN. You're only a customer if you pay. But, it's an oversimplification. A better definition of a customer is a user who's presence increases your profits. One way customers increase firm profits is by paying. B
120.
by cjy 16y ago
*"Predictably Irrational"

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