evanpw

36 ms·

301.
by evanpw 11y ago
It seems like it would be even better to tie eligibility to the borrower's major. Return on education expenses are more closely related to what you study rather than where you study it: http://www.economist.com/blogs&#x
302.
by evanpw 11y ago
That $45k / year is for private non-profit colleges, which are the most expensive kind (even worse than for-profit), and not the norm. For an in-state public University, the number is more like a quarter of that. http://nces
303.
by evanpw 11y ago
Presumably somewhat less than 100% of the profits made on those drugs was due to corruption.
304.
by evanpw 11y ago
True, but that only matters if their conviction actually does get overturned, which is pretty rare. And even then, if you get exonerated after 30-40 years, most of the damage is already done. I'm actually trying to disagree with the st
305.
by evanpw 11y ago
> One of the most crucial aspects of the death penalty is that it is reserved for people that physically kill other human beings. I disagree with this. It shouldn't matter whether your murder weapon is a baseball bat or a person you
306.
You Don't Have to Be Nuts to Start a Business(bloombergview.com)
2 points by evanpw 11y ago|0 comments
307.
by evanpw 11y ago
Here's a meta-analysis of the empirical literature: http://mavweb.mnsu.edu/howard/Schmidt%20and%20Hunter%201998%... . TL/DR: Give the candidate an IQ test and a work-sample test. The next best is an "inte
308.
by evanpw 11y ago
I'm no fan of Jung, and it's wrong to call it a dichotomy, but introversion / extroversion is definitely a real, measurable trait. If you ask a bunch of people a lot of questions about how they feel or act in certain situatio
309.
by evanpw 11y ago
Active trading is what makes prices efficient (passive funds just take the current price as a given, hence the name). The less money that's traded actively, the less efficient prices will be, so the more profitable it will be to trade
310.
by evanpw 11y ago
I'm surprised the performance of the two implementations is so close. Aren't floating-point numbers in OCaml usually boxed? Is the compiler smart enough to optimize away the boxes in this situation?
311.
by evanpw 11y ago
This is just the reverse of the (also bad) argument that people who advocate for higher taxes shouldn't be taken seriously unless they voluntarily donate some of their income to the government. For example: http://bleedinghe
312.
by evanpw 11y ago
Agreed, very interesting! The original paper is available online: http://www.economics.ox.ac.uk/materials/papers/14046/paper-7... . They found that people were more likely to use a different route post-strike
313.
by evanpw 11y ago
College is not a good idea for everyone. People who struggled in high school are unlikely to finish college, and most of the college premium comes from the degree itself: there's a huge gap in earnings between "some college"
314.
by evanpw 11y ago
So I think you are drawing a distinction between doing what you expect to lead to the greatest increase in utility, and doing what leads to the largest mathematical expectation increase in utility. You're right that the latter is n
315.
by evanpw 11y ago
This seems like a straw man, but maybe this really is how some utilitarians think. My view is: if the cost in terms of trust lost is greater than the expected benefit of an action, then the utilitarian answer is not to do it. If the only wa
316.
by evanpw 11y ago
> All dark pools are ECN's This isn't quite true. Every dark pool is an ATS (alternative trading system). An ECN is a different kind of ATS that displays its quotes publically, unlike a dark pool. I don't think there are a
317.
The 'Flash Boys' Exchange Is Growing Up(bloombergview.com)
82 points by evanpw 11y ago|53 comments
318.
Perspectives on a Universal Basic Income [pdf](interfluidity.com)
2 points by evanpw 11y ago|0 comments
319.
by evanpw 11y ago
Fair point, but compare full-time workers to people aged 75+ (who are mostly retired): the latter have 4.5 hours more leisure time per weekday, and 60% of that is spent watching TV. The category most likely to contain creative hobbies (&quo
320.
by evanpw 11y ago
I think you may have a skewed view of what the average person does with their free time (probably because you and your peer group are not typical). Here's a breakdown of what the average unemployed person does with their day (lots of t
321.
by evanpw 11y ago
$45k is way too high. A basic income is per person, not per household. Median personal income in the US is only about $24k ( https://en.wikipedia.org/wiki/Personal_income_in_the_United_... ). About 20% of adults with inc
322.
by evanpw 11y ago
> There is no mechanism for submitting or approving formal proposals for English grammar rules. Yes, but to some extent that's a peculiarity of English: https://en.wikipedia.org/wiki/List_of_language_regulators
323.
by evanpw 11y ago
I'm pretty sure it's the former. I don't find it plausible that these three things wouldn't have a causal effect on income, but it's a fair point that it would be more useful to see those percentages broken down by
324.
by evanpw 11y ago
This seems to be what you're looking for: http://www.nber.org/papers/w21409 . But I can't find an ungated version.
325.
by evanpw 11y ago
World GDP per capita (PPP) is about $13,000 / person [1]. So if the poor rose up, killed the rich, and distributed everything equally, then, assuming that the rich produce literally nothing and compensation has no effect on work effort
326.
by evanpw 11y ago
I agree that savings and restraint in spending are not the main issue. But on the other hand, if you: 1) Graduate high school, 2) Wait until age 21 to get married, and wait until marriage to have children; and 3) Have a full time job (any f
327.
by evanpw 11y ago
I'm not aware of any studies on this topic that look at separated identical twins, but the sample sizes would have to be terribly small wouldn't they? Parents who adopt children are also not randomly selected, and almost never liv
328.
by evanpw 11y ago
> Environment is by far the determinant. That's not my impression of the literature. It seems like income is highly heritable and shared environment explains very little. See for example http://www.ncbi.nlm.nih.gov/p
329.
by evanpw 11y ago
The point is that if you can produce more value for an employer than you're currently being paid, then in a competitive market, one greedy capitalist will tend to outbid another greedy capitalist to capture that extra value. So there&#
330.
by evanpw 11y ago
Increase supply (e.g., build more housing) or reduce demand (e.g., find a way to make it less important for people who want to work together to live nearby). Those are really the only two choices.

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