In this tweak to the experiment, you get to keep all $10 and take up to $10 from the stranger. His/her decision to accept or not accept your offer is irrelevant on how much you get to keep. What would you do in this case? [ad#GoogleHalfBannerInline] QuestionsView Results What is the conclusion?
Now we will change the parameters of the experiments in Poll 1: Here, also you are given $10. You can give some to a stranger, or negotiate with him/her to take $1 of his money and you get to keep all of the money. His/her response doesn’t matter. What will you do then? [ad#GoogleHalfBannerInline] QuestionsView […]
You are given $10. You have to offer some of it to a stranger. If the stranger accepts your offer, he/she and you both get to keep the money. Otherwise, you will lose all of it. The stranger doesn’t know HOW MUCH you have, but knows that you will lose all of it, if the […]
I teach Engineering Economics, which is essentially an introductory subject on infrastructure finance. One of the questions I routinely asked in this class was, “if you have unlimited amount of money and don’t have to worry about money, what would you do?” The single most popular answer was: “I will travel” Second most popular answer: […]
Few people talk about NTR’s direction. No other song has had as much influence on Telugu culture than this song from Sree Seethaa Raama Kalyaanam. This is one of the best picturizations I have ever seen.
Fiction writer Ayn Rand and economist Friedman have strong ideas about how the world should be. In Rand’s fictional world, Robinhood-like character is a villain and they have no place in the society. Is it, really? Do Robinhoods promote only laziness among masses? Greenspan, the crackpot and a great disciple of Rand has experimented in […]
A few days ago I mentioned that fiat money’s march towards M0 is classic outcome of a deflationary economic cycle. The following news confirms my worst fears. [Via UK’s Telegraph] US money supply plunges at 1930s pace as Obama eyes fresh stimulus The M3 money supply in the United States is contracting at an accelerating […]
I often compared debt ridden students of “for-profit” colleges like U of Phoenix to sub-prime borrowers. I have been writing about this sector on this blog as a big house of cards which could implode any time. Now I have company. A notable short-seller, no less. [Via Mother Jones] Steve Eisman, the outspoken investor whose […]
Hugh Hendry is a hedge fund manager from UK. He is one of those “evil short-sellers” that the establishment (read politicians and the banks) love to hate. However, but for the short-sellers, the truth would not have come out in this increasingly manipulated and intervened market. Hendry was among the few who saw problems in […]
Apple Dethrones Microsoft As World’s Biggest Tech Company [Via Huffington Post] SEATTLE — Apple has surpassed Microsoft as the largest technology company in the world by market capitalization. Apple’s move comes as the company’s iPhone, and now its iPad tablet computer, have taken on more of the personal computing tasks once handled by computers running […]
I am not going to say anything about Veturi’s writing genius. Just some personal observations and musings. I heard that Veturi attended Kolluru ZP high school in Guntur Dt. He is about a couple of years younger to my father. My father completed his SSC from the ZP High School in Donepudi, a neighboring village […]
BP oil spill in the Gulf is now humongous and is slated to surpass all human-made environmental disasters. How can Obama escape the consequences of this is beyond me. Here are a couple of more AP Photos: For even more jaw dropping pictures, visit Boston Globe.
I mentioned about Mr. Rao on this blog some time ago when I talked about quants. I caught-up with Rao to make sense out of the Euro crisis. Even though Rao is retired and claims that he is not in touch with what is going on in the markets lately, he is as sharp as ever. This 40 min long interview sheds light on a number of fundamental reasons for current state of world’s financial mess. Those who followed me on my Teluguone Radio show or read my articles on various blogs might find that my views are eerily similar to his views.
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Mr. Rao Chalasani was a veteran Wall Street economist who retired in 2000. His long career included stints as the chief economist at Everen Securities which later became First Union Securities. Currently FUS is a unit of Wells Fargo. In the 90s he was frequently quoted in the Wall Street Journal. He was one of the straight shooters on Wall Street and one of the few whom I respected and I paid a lot of attention.
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