Flash Boys and Investors

Lengthy but interesting. I have thus far resisted writing anything about Michael Lewis’s book “Flash Boys”, in part because I typically don’t want to waste time on timely issues (instead focusing on topics that are of long-term interest), although it has been a real exercise in self-constraint because there have been few books published in…

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Behavioural economics and public policy

So popular is the field that behavioural economics is now often misapplied as a catch-all term to refer to almost anything that’s cool in popular social science, from the storycraft of Malcolm Gladwell, author ofThe Tipping Point (2000), to the empirical investigations of Steven Levitt, co-author of Freakonomics (2005). Yet, as with any success story, the backlash has…

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