My Faults My Own

…willing to sacrifice something we don't have

for something we won't have, so somebody will someday.

IN WHICH Ross Rheingans-Yoo, a sometimes-poet and erstwhile student of Computer Science and Math, oc­cas­ion­al­ly writes on things of int­erest.

Reading Feed (last update: July 28)

A collection of things that I was happy I read. Views expressed by linked authors are chosen because I think they're interesting, not because I think they're correct, unless indicated otherwise.


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Blog: Marginal Revolution | How well is Germany dealing with the migration crisis? — "Whatever respite Germany may have gained this week is offset, and then some, by the arrival of a new and frightening political dynamic. Mr. Seehofer succeeded by going nuclear; chances are, he won’t be the last. The politics of fear and menace may be here to stay, undermining the foundations of democracy. In sound democracies, policies are the results of compromise between parties representing a majority of the voters. Through the politics of artificial crisis, minorities take the system hostage. They create policies redeeming fictional problems for fictional

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PredictIt Arbitrage

note: Long after I posted this, PredictIt changed their policies on margin requirements in "linked markets", a small step towards market efficiency. Nevertheless, they left in place their 5% tax on withdrawals and 10% tax on gross profits, so the central argument that inefficiencies can stop even the most commonsense arbitrages from correcting out-of-line markets, remains largely true.


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Political betting site PredictIt offers everyone the ability to (legally) bet (real money) on the outcome of political events. For example:

The market in "Who will win the 2016 Republican presidential nomination?", displaying thirteen leading candidates.

You can pay 39¢ for a Yes share in BUSH.RNOM16, which will be worth $1 if Jeb Bush wins the Republican nomination, and $0 if he does not. Similarly, you can pay 63¢ for a No share in BUSH.RNOM16, which will be worth $0 if he wins and $1 otherwise. (Another way to think about this is that you can sell a Yes share for 37¢ or buy one for 39¢. These numbers are different for pretty much the same reason that you can't

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