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 sometime artist, economist, poet, trader, expat, EA, and programmer—writes on things of int­erest.

Reading Feed (last update: March 17)

A collection of things that I was glad 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 | The rise of the temporary scientist — relevant to my interests, naturally.


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Blog: Marginal Revolution | Has the Tervuren Central African museum been decolonized? — "In a word, no. They shut the place down for five years and spent $84 million, to redesign the displays, and what they reopened still looks and feels incredibly colonial. That’s not an architectural complaint, only that the museum cannot escape what it has been for well over a century..."

Neat: Submarine Cable Map


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Blog: Don't Worry About the Vase | Privacy

Blog: Marginal Revolution | Should climate change limit the number of kids

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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 sell your used textbooks

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