By Ocean on Jun 30, 2008 in Featured, Other | 0 Comments
We are proud to announce that Dumbagent.com is now featuring podcasts. Starting with selected (long) entries, you can now choose to press play and listen to the wonderful world of economic theory and discussion while you wash someone’s dishes (preferably your own), annoy your goldfish, or do a push-up.
These podcasts will also be available [...]
By Ocean on Jun 27, 2008 in Featured, Our Theory | 0 Comments
“Over a ten-year period commencing on January 1, 2008, and ending on December 31, 2017, the S&P 500 will outperform a portfolio of funds of hedge funds, when performance is measured on a basis net of fees, costs and expenses.”
This is the bet between Warren Buffett and Protege Partners, LLC. The stakes are $1,000,000.
DumbAgent.com [...]
By Ocean on Jun 25, 2008 in Articles of Interest, Featured | 9 Comments
According to Wired Magazine, building a Toyota Prius consumes 113 million British Thermal Units (BTU), while a gallon of gas contains about 113,000 BTU. The 2008 Prius can go 48 miles per gallon (on highways).
A 1998 Toyota Tercel, on the other hand, does 35 mpg and, since it is used, the carbon cost of construction [...]
By Ocean on Jun 23, 2008 in Articles of Interest, Featured | 0 Comments
You may recall our post that quoted Hillary Clinton as saying she would not put her “lot in with economists.” Well, we all know how the campaign went for her.
Now it seems as though John McCain is not learning from other people’s mistakes. At a town hall meeting in Lower Manhattan, McCain said [...]
By Ocean on Jun 20, 2008 in Featured, Prediction Markets | 0 Comments
As we already posted exactly one month ago, the CFTC is looking into whether and how to regulate prediction markets in the United States. It is still DumbAgent.com’s position that the less regulation, the better, and that prediction markets will thrive if left as much as possible to market forces.
Jed Christiansen, however, thinks [...]
