Baseball cards: Bubblegum Card Bubbles

Baseball cards – they’re collectible, and they can be worth something – and it’s been said (by some) that they’re “… a better investment than the stock market.” But is such a statement sound financial advice from dependable experts or misleading tittle-tattle from those with a vested interest (or neither) ? Perhaps what’s needed is […]

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 […]

Economics experiment finds people volunteer for economics experiments largely to make money

What does one learn from reading about economics experiments? This: “Self-Selection into Economics Experiments Is Driven by Monetary Rewards,” Johannes Abeler [University of Oxford, IZA and CESifo] and Daniele Nosenzo [University of Nottingham], IZA [Forschungsinstitut zur Zukunft der Arbeit / Institute for the Study of Labor] DP No. 7374, April 2013. The researchers explain: “Laboratory […]

Do Blondes Get More Funds?

Imagine that you’re female, and that you’re involved in door to door fundraising. Would it be best (purely from a financial returns viewpoint) to be blonde or brunette? Assistant Professor Michael K. Price at the Department of Economics, University of Tennessee, Knoxville has undertaken an investigation : “This study examines how a cosmetic attribute – […]

The Sexy-Valuable Research of Kristina and Vladas

Behold the joint publications of Kristina Durante [Assistant Professor, Department of Marketing, University of Texas at San Antonio] and Vladas Griskevicius [Associate Professor, Marketing and Logistics, Carlson School of Management, University of Minnesota]: “The Fluctuating Female Vote: Politcs, Religion, and the Ovulatory Cycle,” Durante, K. M., Arsena, A. R., & Griskevicius, V. Psychological Science (forthcoming). […]

Your Money or Your Life: The perils of having an income

A steady paycheck has a slightly unfortunate side-effect, two researchers intimate (intimidatingly): It just might kill you. People who have money are more likely to spend money, they say—and, while doing so, engage in activities that could convert them into mortality statistics. “The Short-Term Mortality Consequences of Income Receipt,” William N. Evans (pictured), Timothy J. Moore, The National […]

Ig Nobel winner Lehman Brothers “escapes bankruptcy”

Lehman Brothers, a company that shared the 2010 Ig Nobel Prize in economics, has made a spectacular rise into imminent oblivion. A Reuters report in the Oman Daily Observer tells the new details: Lehman escapes bankruptcy NEW YORK — One-time financial powerhouse Lehman Brothers emerged from bankruptcy and is now a liquidating company whose main business […]

Fifth editions: DSM vs. D&D

This month’s Psychology Thought Experiment: At this moment, two groups are at work, each developing the 5th edition of a tool that thousands—perhaps millions—of people rely upon. The thought experiment is:  Compare the thought processes of the two groups. One group is creating the 5th edition of the DSM (Diagnostic and Statistical Manual of Mental Disorders). […]