lambdapie

5 ms·

1.
by lambdapie 11y ago
Inefficient compared to what? The choice is not between "publicize the info" and "let insiders trade", its between insider trading and no insider trading, and the information stays private. You are implying that I don&
2.
by lambdapie 11y ago
Maybe some do, but there is a distinction between intentionally making people feel bad about themselves, and advertisements that simply holding up some look or personality as attractive/cool. Some people might interpret the latter a
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by lambdapie 11y ago
I know plenty of attractive/cool/popular people, who get hundreds of likes, and don't claim to fit this victim narrative.
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by lambdapie 11y ago
When high level behavior that can be described by simple equations emerges from low level laws, we call it physics. When it doesn't, we call it chemistry, biology, geology, etc. (EDIT: how could I forget econoimics :-)) There is only
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by lambdapie 11y ago
Some people are more attractive, cooler, more interesting, than others. It's not some evil plot by the corporations to make us feel bad about ourselves. These people are really out there. The left wing narrative that all bad things
6.
by lambdapie 11y ago
Ok that's reasonable. I agree that in theory this argument makes sense. In practice I think the arguments that insider trading is inefficient are compelling enough (see https://news.ycombinator.com/item?id=10487779
7.
by lambdapie 11y ago
Why is free market in scare quotes? And why "so-called"?
8.
by lambdapie 11y ago
I'm not a big fan of professional bodies or mandatory qualifications. I think these tend towards rent seeking, with these bodies existing mainly to justify their own existence. In the case of software engineering, I'm especially
9.
by lambdapie 11y ago
Economically putting up barriers for the sake of it (aside from valid issues of qualification required for the public good) is bad policy. It's good for the people who can get the qualification, but bad for everyone else. When you av
10.
by lambdapie 11y ago
No, but I'd still recommend looking into content security policy (CSP), iframes, and the sandboxed attribute. Even though you seem to have developed your own notion of what isolation/security should look like, the HTML spec autho
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by lambdapie 11y ago
WebAssembly binary will be syntactically (almost) identical to asm.js, which is a subset of JS. So all are equally transparent/opaque.
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by lambdapie 11y ago
You can run untrusted code in an iframe (possibly with the sandbox attribute set). I think this would be what you're looking for.
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by lambdapie 11y ago
Some other commenters have correctly pointed out that (1) my comment doesn't address whether the liquidity costs outweigh the benefits of extra information, and (2) why insider is different to outsiders doing research. I do implicitly
14.
by lambdapie 11y ago
I didn't understand that article, probably because I'm unfamiliar with the author's other works. Is he proposing that a company be allowed to set rules regarding insider trading during the IPO? If so, I agree that in theory
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by lambdapie 11y ago
You are right that "harming" someone is not a sufficient reason to ban an action. And as others have pointed out, researching a company carefully causes the same kind of "harm", and certainly shouldn't be banned.
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by lambdapie 11y ago
I wouldn't say that I ignored the benefit or a more accurate price, since I explicitly mentioned this benefit twice. But I wasn't clear enough of the implications. To clarify: insider trading has both benefits and costs, and the
17.
by lambdapie 11y ago
What does "if he's going to stray from the South Asian beat" refer to?
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by lambdapie 11y ago
Insider trading does harm people, and does reduce liquidity. Many people who understand classical economics get this wrong [0], because financial markets are a very degenerate kind of market from the point of view of classical economics. T
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by lambdapie 11y ago
You use the term "monetary velocity" as if it was some term of trade, but I have a PhD in economics and I've never seen it used this way. Are you referring to a specific school of thought or author when you use this term? R
20.
by lambdapie 11y ago
I don't understand your point. Can you clarify? For reference, when I speak of "marginal effective tax rate" I mean the marginal effective tax rate after including (1) welfare payments to you, (2) the tax you pay and (3) any
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by lambdapie 11y ago
UBI might be a great policy, but your argument makes no sense from an accounting point of view. Every kind of redistribution must sum to zero across all people. Basic income is no different in this regard. So to say that basic income is d
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by lambdapie 11y ago
Basic income is just classical economics rebranded, and basic income is not drastically different from welfare systems that are simple, rule based, and have minimal compliance monitoring, for example Australia's. Most of the arguments
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by lambdapie 11y ago
Do you think this also implies that men have more incentive to become successful in their careers, if they choose the socially acceptable route? And if so, do you think this might partly explain why we see more men in high prestige/pa
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by lambdapie 11y ago
Unfortunately I don't have time to go into this more, but I also appreciate the tone of your reply. A very brief summary of my position is that there is a set of "right" laws, and that is the free market with redistribution
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by lambdapie 11y ago
Can someone qualified comment on whether group selection is taken seriously among biologists now? I haven't followed the debate much but Dawkins at least has argued that group selection acts too slowly compared to individual selection
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by lambdapie 11y ago
Parable of the Polygons[0] is another example of mathiness, where math is used to dress up a political message. The basic idea is simple and intuitive: people like diversity, but also don't like to be in the minority (e.g. they would
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by lambdapie 11y ago
This is what I was referring to: http://www.realclearmarkets.com/articles/2011/08/22/why_do_w... Can you give any similar examples of violence against unions, say within the last 20 years and in the US?
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by lambdapie 11y ago
Fair point, I thought you were saying before that critiques of union workers earning too much were really driven by this white vs blue collar issue, while now I see that what you were really saying is that the OP wasn't necessarily eve
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by lambdapie 11y ago
Oops, you're right, I overlooked that. So it would be 520 million after 100 years (22 million after accounting for inflation).
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by lambdapie 11y ago
Just checked: the figure I gave was not inflation adjusted. In terms of real dollars, after 100 years your investment would be worth a measly $365,000.

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