Martin, but I am hoping that this will get back to him. I am going to respond to some of the things Mr. Martin said to try and explain my reasoning.
Autolykos July 24, at 6: And it may well be possible that some people just have a knack for finding and combining the right information at the right time and in the correct way.
Deiseach July 24, at 7: I am a world-renowned economist. As economists go, I am a rock star god amongst my peers. Even non-economists know my name.
I have economics all sewed up. That does not mean I know how to prevent blackspot in roses. A contrarian cluster range of my opinions may let you know how good or bad I am at judging is the consensus opinion in various fields good or not, but nothing more.
Peter July 24, at 7: A big argument breaks out about how to treat blackspot on roses, there are two leading methods, and the gardeners split 2: Arguments get traded back and forth, various anecdotes and studies and bits of evidence get mentioned, but none of the gardeners budge from their initial position.
Finally the economist pipes up: Now if the guy was a top historian or even a rockstar astrophysicist not in the Dr. May sensethen I might say, yes, their general intelligence, skills at assessing evidence, etc.
Nita July 24, at 8: Remember that the idea is to find the Correct Contrarian Cluster — i. Now we have real disagreement. Suppose Bob tells us that the pixies at the bottom of the garden whisper it into his ear under a full moon?
Do we believe Bob and that pixies have now been proven to exist? Sure, perhaps in fifty years time, all the current physicists who reject it will be fodder to point and laugh at, along the lines of People What Believed In Phlogiston.
Either way, the only proof of the pudding is in the eating: Does Bob always back the right horse? Choose the wrong remedy and your roses all die. This makes it unhelpful for influencing behavior in situations in which people have vested interests, which is nearly all of them.
Suppose that old chestnut the Redskins Rule turned out to be non-randomly predictive after all, for some small p.
Fans of the predicted loser would still be unlikely to concede its validity in any particular case. Deiseach July 24, at 2: Is the Ark of the Covenant under the Epcot Centre? Deiseach July 24, at 6: I know damn-all about economics.
I have two advisers. Bob is recommending a policy Bill says will ruin the country. Bill is saying I should institute reforms Bob says will wreck the nation. How, oh how can I tell who is right?
My second, related objection is this: Again, yes, polymath geniuses exist. Either it will implode, or not. Both of them thought that possible.
RCF July 25, at Bob is assigning ten fewer percentage points to the probability. Deiseach July 25, at 4: Here there is a much greater gap between Alice and Bob; Alice is much more confident than not that Greece will implode, Bob is much less confident than not that Greece will implode.Essay on the Impact of Internet on Product Pricing!
Since costs have become transparent to customers, this has meant greater threat for companies that charge inordinately high prices without enough justification. Sellers do not want customers to know the costs of the products and services they sell.
The best opinions, comments and analysis from The Telegraph. Regulation of Insider Trading Essay Sample. Those trading without insider information are essentially trading a stock at the wrong price which does not reflect the value linked to the restricted information. ‘How do we think about insider trading-An Economist’s perspective on the insider trading debate and its impact’ () 4.
Log into Facebook to start sharing and connecting with your friends, family, and people you know. Sep 15, · I am sorry if this question seem stupid/simple, but still I'd greatly appreciate your help.
levered beta = Unlevered Beta * [1 + (1 - Tax Rate) * Debt / Equity ] - Intuitive Explanation of The Levered Beta Formula. If you are a teacher searching for educational material, please visit PBS LearningMedia for a wide range of free digital resources spanning preschool through 12th grade.