Recent content by EnumaElish

A case of data in search of a model, it seems. You can apply the same data to different models, and see how that changes the fit. For example, you can fix one coefficient at a time, and re-estimate the remaining parameters.

If subsidies to "too big to fail" bankrupt firms are somehow justified, subsidies to renewables are only more so. IMO subsidies must reflect the capitalized present value of delayed extraction of nonrenewables, including (i) their potential future use value, (ii) preserved option value that...

That's the premise, "in a seashell." I am not going to attempt to justify it.

If dolphins thought the universe was just a really big ocean, and if they had come up with the theory of general relativity, how would the fact that certain particles radiate faster than light through water shape their version of the theory? Would it be essentially the same with the human...

At time 0 the price of XYZ is $10/share. At time 0 you resolve "I shall buy XYZ shares at $20 as soon as the clairvoyant predicts a price drop." Then T periods elapse and XYZ's price goes up to $30. One day the clairvoyant sees a tumble. You offer $20 but nobody's selling. You sell short like...

TIL about the Alice In Wonderland syndrome, which distorts one's body image. Often goes hand in hand with migraine. Lewis Carroll, a migraineur, is believed to have had it.

It's next to, but not quite, impossible to find someone who can do that - it's a specific form of synesthesia.

TIL about the Capgras syndrome: familiar people appear unfamiliar; noted cases involve the patient not recognizing themself in the mirror.

:D

I am trying to understand the fixed cost of a nuclear power plant relative to variable cost. By fixed cost I mean "cost that does not vary with the amount of the power outputted over a given time period." By variable cost I mean "cost items that vary with the amount of the power outputted...

Pretzel shop to the left? Thought police on duty? Heavy truck attracted to ladder?

Follow up, "which fast spaceship"? Or, "gravity well, where"? Depending on the context. More seriously, how did you deal with the initial rejection of, or indifference toward your theories?

Got a chuckle