A neglected topic in financial economics is how investment ideas are transmitted from
person to person. In most investments models, the influence of individual choices on others
is mediated by price or by quantities traded in impersonal markets. However, more direct
forms of social interaction also matter for investment decisions. As Shiller (1989) put it,
“...Investing in speculative assets is a social activity.
Self-Enhancing Transmission Bias and Active Investing.
The authors of this paper took part of data containing 80,000 Nordic investors and their investments.
This data was processed by a computer program to create a cross-sectional data set,
http://www.diva-portal.org/smash/get/di ... TEXT01.pdf
enabling the conclusions on the average Nordic investor.
However, the sheer fact of contagion in investment choice,
as documented in recent work, does not in itself explain a tilt toward
active trading.
Either active or passive strategies can spread from person to person.
So to explain this evidence, bias in the transmission process is crucial.
thread: Feigenbaum
https://www.msuscicomm.org/post/covid-1 ... miologists
https://www.youtube.com/watch?v=qnGnj_e6gBw
The one who matters most are the children. Lacota
https://www.zerohedge.com/political/uni ... is-rioters
So then, as in September 1, 1945
To: D A MacArthur/C H Nimitz
From: H S Truman
Political Correctness is a doctrine, recently fostered by a delusional, illogical minority and promoted by a sick mainstream media, which holds forth the proposition that it is entirely possible to pick up a piece of shit by clean end!
We just started with CNN since we knew the swamp was unable to consider the working people who know and why.
We consider most of the Office fathoms this above cabinet level.
Never fight the tape.
They are not democrats.
Just because they have a roof does not mean they are not homeless.
Texas Rep Dan Crenshaw who summed things up rather well:
"This was always their intent. It’s not enough that their favorite villain is gone. Now they have to paint tens of millions of Americans as racists and bigots. Truly vile, but incredibly predictable." tyler