Economic models may not reflect how consumers actually make buying decisions.
Occasionally I see a work of art that I would actually like to own. When I saw L'Ouled Naïl by Kees van Dongen it was love at first sight.
The events of last week are an excellent example of the central argument made by Roman Frydman and Michael D. Goldberg in their book Imperfect Knowledge Economics. Exchange Rates and Risk.
Imperfect Knowledge Economics. Exchange Rates and Risk by Roman Frydman and Michael D. Goldberg is one of the most fascinating and topical books in economics to appear in recent years.
In recent years some quantitative hedge funds have proved that it is possible to systematically beat the markets with mathematics and econometrics.