In my experimental economics class 2 years ago (wow, it’s been that long?) we studied something called the Winner’s Curse. Essentially, what happens is when the winner of an auction (of a common value type) typically overpays for the auction. In some sense it’s a phyrric victory. Of course, the extreme form is by overpaying. [...]

I’m moving houses again. This time, to a different state. So, as you can guess, I’m packing stuff up. And because this time round I cannot just put everything into the car and go (Australia is testament to failure of human cognition of large distances – one simply cannot visualize the distance from city to [...]

Oh look, I have a blog. A couple of nights ago, I had a wonderful dinner with a good firend and the topic of reading came up many times. I mentioned that I have stopped reading fiction, and instead, I’m concentrating on non-fiction instead. Maybe some day I’ll pick up fiction again, who knows.
In my [...]

First off, Happy New Year. I’ve had a fantastic 2009. Comparatively to countless many other people, I have had a relatively very good year. There were many things I wanted, but didn’t get; but there were many good turn of events that I have never thought possible either.
I notice I have changed quite a bit [...]