The Cost of Signaling

Like this isn’t an attempt to split a non-existent hair:

The segregation model predicts that as the society gets wealthier, the dollar cost of college will get higher. The signaling model would not necessarily predict that. In fact, it would predict that the market would try to find less expensive signals.

It’s like Kling . . . → Read More: The Cost of Signaling

How to Save This Summer

The summer travel season is finally in full swing. While gas prices remain high, many major retailers are taking steps to cut costs for disgruntled drivers. Wal-Mart is leading the charge, reducing their fuel prices by 10 cents per gallon for the summer months. The retail giant will offer discounted prices at gas stations . . . → Read More: How to Save This Summer


The most important decision an investor can make is what to use as the numeraire. But few investors even know what a numeraire is let alone have put deliberate thought into choosing their numeraire.  With advances in technology using a reliable numeraire is easier than ever.


Investing is the process of allocating . . . → Read More: Numeraire

What Individuals Should Do About ObamaCare

To quote Nancy Reagan, “just say no”.

Specifically, just say no to this:

[U]nder my plan, individuals will be required to carry basic health insurance — just as most states require you to carry auto insurance. Likewise — likewise, businesses will be required to either offer their workers health care, or chip in to . . . → Read More: What Individuals Should Do About ObamaCare

Paper, Plastic, or Ephemera?

How do you pay at the checkout line? Between checks, credit and debit cards, and online payment services like Paypal, it’s sometimes surprising when we see someone pull out actual cash these days. The way you pay may seem to be of little importance, but in truth, the money doesn’t all spend the same.

. . . → Read More: Paper, Plastic, or Ephemera?