The Game Theory of Overbooking Flights
Delta said it could increase the incentives for “voluntary denied boarding.” But what if insights from game theory inform passengers’ reactions?
The January Jobs Report’s Messages and Implications
One implication: The data suggests the Fed likely won’t be raising rates in the short term.
Lessons From My Anxious Holiday Shopping
Somehow, I survived the uncertainty and anxiety of what economists often regard as an inefficient tradition: spending hours looking for the right holiday gifts.
How the Trump Rally Could Save Endowments
It’s well known that recent years haven’t been kind to hedge funds; less well known is that endowments and foundations have also faced headwinds.
What Trump Means for Interest Rates
Assuming several if's, a Trump administration has the potential to encourage interest-rate convergence consistent with higher economic growth and greater financial stability.
How Markets Will React to the U.S. Elections
Under two “tails” scenarios, it would be unwise to take too much comfort from the snapback experienced in the aftermath of Brexit in the U.K.
Fed Meeting Shouldn't Obscure BOJ's Big Moment
The most informative policy decision this week could take place in Tokyo, which may signal what lies ahead for other central banks.
This Market Selloff May Be Different
The generalized move down in stocks is sparking an interesting discussion about how investors should respond.
Jobs Report Brings Much-Needed Good News
The global economy desperately needed some good news. That's what it got in the latest U.S. jobs report.
What the Fed Will and Won't Do This Week
The Fed's policy making body likely won't raise rates this week, but watch for some repricing of shorter-maturity U.S. Treasury securities.