oli5679

61 ms·

631.
by oli5679 11y ago
I had a friend who worked for a UK payday lending company. The borrowing patterns of customers seemed hard to interpret as being in their long-term interests. Customer retention was too high and borrowing patterns too consistent for the loa
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by oli5679 11y ago
Yesterday I tried to read a Forbes article on my mobile. It presented me with the banner asking me to turn ad-blocker off (which I haven't installed). I reloaded the page and was faced with pop-ups claiming I had won free Amazon produc
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by oli5679 11y ago
Computers and the internet have changed chess in several ways: (1) Online game databases have made it easier for players to track developments in opening theory and prepare to play specific opponents (2) Chess engines add to this be used to
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by oli5679 11y ago
White noise helped me cope with exam stress at undergrad. Here's my favourite.... https://www.youtube.com/watch?v=wzjWIxXBs_s
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Fake Online Locksmiths May Be Out to Pick Your Pocket, Too(nytimes.com)
94 points by oli5679 11y ago|55 comments
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by oli5679 11y ago
Wage-growth is conceptually different from the gains from trade within an economy. An isolated individual who doesn't trade(eg subsistence farmer) would produce goods of value of an order of magnitude less than current US GDP per capit
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by oli5679 11y ago
This is really well presented and there are some surprising results. It would be good to add in gains from trade/interaction to the model. Economic theory suggests that agents would not willingly consent to transactions with negative e
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by oli5679 11y ago
240 comments so far (mostly debates amongst strangers) on an essay recommending never to debate online with strangers....
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by oli5679 11y ago
GDP is a flow (depends on our arbitrary convention of splitting time into years). Market cap is a stock. Comparing one to the other is like comparing a bathtub that holds 100 litres to a hosepipe that discharges 1 litre per minute (or is th
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by oli5679 11y ago
From a financial standpoint, this is poor advice. Reserves and equipment represent real options, giving big-oil the right,but not the obligation, to extract in the future. Even if these costs cannot be recouped at the current market price,
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by oli5679 11y ago
I'd be really interested in seeing the actual presentation. Does anyone have a link to the slides?
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by oli5679 11y ago
Interesting that Activision already had the homegrown Hearthstone, a Warcraft themed card-game that's earning $100 millions/ year.
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by oli5679 11y ago
soda, candy and farm are the same game with slightly tweaked skins and account for 80%+ of King's shrinking share of the Western Casual games market. Meanwhile their non-match games struggle. Your friend was correct...
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by oli5679 11y ago
As you say, in a standard auction you can expect the same equilibrium using second price and a traditional bidding system. The difference is that participants need to waste time rebidding after being outbid and can face a technical challen
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by oli5679 11y ago
Their bidding rules encourage participants to behave strategically by bidding more than their reservation price, frequently rebidding and waiting until just before the auction ends to place bids. Here's a suggested bidding format that