Wednesday, 3 October 2012


Frightening questions about Spanish politics.
I parse this like a game theorist: multiple equilibria and incomplete information make the world unpredictable, because we do not know what is inside people's heads, and reactions to new information can be self-fulfilling.
Jeffrey Frankel does a funny take-down of Romney's claims about the 47%, but has he never heard of the ecological fallacy? This is especially relevant because red-state Republicans are the rich, not the poor in their pickup trucks.