Lars P. Syll

.[embedded content] Then the righteous will answer him, ‘Lord, when did we see you hungry and feed you, or thirsty and give you something to drink? When did we see you a stranger and invite you in, or needing clothes and clothe you? When did we see you sick or in prison and go to visit you?’ The King will reply, ‘Truly I tell you, whatever you did for one of the least of these brothers and sisters of mine, you did for me.’

Economists — people biased toward overconfidence Now consider what happened in November 2007. It was just one month before the Great Recession officially began … Economists in the Survey of Professional Forecasters, a quarterly poll put out by the Federal Reserve Bank of Philadelphia, nevertheless foresaw a recession as relatively unlikely. Instead, they expected the economy to grow at a just slightly below average rate of 2.4 percent in 2008 … This...

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Östra kyrkogården i Lund är en plats som alltid betytt mycket för mig. Hit har jag kommit många gånger för att söka tröst och vila för min själ. Tre av de människor jag älskat mest i mitt liv ligger begravda här — min älskade Kristina, min bror Peter, och min vän Bengt. [embedded content]

An easy one this week: At a small economics conference, a photographer wants to line up nine participants for a photo. Two of them — Robert and Milton — insist on standing next to each other. How many different arrangements (lineups) are possible?

Da doo ron ron .[embedded content]

Three pages — all it takes to change science forever .[embedded content] And here is Edmund Gettier’s three pages article.

The one logic lecture mainstream economists did not attend .[embedded content] Using formal mathematical modelling, mainstream economists sure can guarantee that the conclusions hold given the assumptions. However the validity we get in abstract model worlds does not warrant transfer to real-world economies. Validity may be good, but it is not enough. Mainstream economists are proud of having an ever-growing smorgasbord of models to cherry-pick from (as...

Necessary and sufficient (student stuff) .[embedded content]