The United States is a very good place to be dead; better than almost anywhere, legally speaking. Ray Madoff, a professor at Boston College Law School who specializes in trusts and estates, lays out evidence for that in her book called Immortality and the Law: The Rising Power of the American Dead. Other nations have their own strong […]
Tag: banks
Smirkness in Economics
Those who follow developments in the derivatives market, and particularly in its sub-section, the options market, may be aware of the concept of Smirkness. It was first proposed at the 2005 China International Conference in Finance, where professors Jin Zhang and Yi Xiang presented their paper ‘Implied Volatility Smirk’ “In this paper, we propose a new […]
Iceland analysizes its Ig winners
The Government of Iceland commissioned and has now received a massive report about the co-winners of the 2009 Ig Nobel Economics Prize. The official word: The Special Investigation Commission (SIC) delivered its report to Althingi on April 12 2010. The Commission was established by Act No. 142/2008 by Althingi, the Icelandic Parliament, in December 2008, […]