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Blogs about: Soft Topics Uncertainty

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Why Financial Gambling is Easier than Life Gambling

pwswartz wrote 4 months ago: In my view one of the most important component of alpha generation (financial gambling) is weighting … more →

Tags: Uncategorized

Distribution of Estimates or Estimates of Distributions

pwswartz wrote 7 months ago: Bernanke should receive the Nobel Peace Prize…what he did for the U.S. economy and there in by … more →

Tags: Stats & Modeling, federal reserve, Distribution, Estimates, FED, Ben Bernanke

Is More Information Better?

pwswartz wrote 7 months ago: My undergraduate thesis was entitled ‘Is More Information Better.”   It was a study of t … more →

Tags: data vs knowledge

Those who are right are wrong

pwswartz wrote 7 months ago: People like things that are clear, ‘If you are right, you are right and if you are wrong your … more →

Tags: uncertainty, evaluating past decisions

Why you want her to say no.

pwswartz wrote 7 months ago: Now I’ve use a matrix framework (game theory) to describe how to think about epidemics as a po … more →

Tags: Marriage, say no, optimize the no

Epidemics and You

pwswartz wrote 8 months ago: Epidemics are great case studies to think about probabilistic thinking.  Deadly flu epidemics are ex … more →

Tags: flu, Epidemic

Be Confident that we don't know...

pwswartz wrote 8 months ago: In an era of fairly dire economic predictions it is, in a way, comforting to reflect that these pred … more →

Tags: Policy, CBO projection, projection error, Fiscal

Crowds

pwswartz wrote 8 months ago: The economist highlighted a statistics that this weeks crowds at the G-20 meeting in London where re … more →

Tags: History, crowds, Roits

Quantity vs. Quality

pwswartz wrote 8 months ago: People are prone to over weight information.  You should note that when someone say that we must do … more →

Confirmation Bias

pwswartz wrote 9 months ago: Voltaire said ‘doubt is not a pleasant condition but certainty is absurd.’  Although man … more →

Tags: Politics, confirmation bias, Doubt, uncertainty, obama

Bonus?

pwswartz wrote 9 months ago: Everyone is up in arms about the AIG bonuses.  The story goes if the company is not making any money … more →

Tags: bonus, AiG

Stewart vs. Cramer

pwswartz wrote 9 months ago: Most of you have seen the Stewart vs Cramer interview.  Stewart did a good job bringing the financia … more →

Tags: Stewart, Cramer

More of the Same

pwswartz wrote 9 months ago: The Fed’s Flow of Funds came out last week.  For the most part it wasn’t particularly su … more →

Tags: capital flows, Flow of Funds

Superbowl lessons

pwswartz wrote 11 months ago: The superbowl offers some interesting question. A perennial — How do advertiser decided what t … more →

Tags: Gambling, marginal utility of wealth, long shots

The Department of the Unseen

pwswartz wrote 11 months ago: The man on the street evaluates policy in a very emotive way.  When he is asked if he like a certain … more →

Tags: Policy, Thinking, Benchmark, UNseen

Gretzky is a Policy Wonk?!1 comment

pwswartz wrote 12 months ago: The hockey legend explained his success when he said, ‘I skate to where the puck is going to b … more →

Tags: Policy, Finance, Monetary Policy, liquidity provisions, bernanke

History: Condemned to Repeat It

pwswartz wrote 1 year ago: In an era when we are said to be living through a historic moment, I ask myself some questions to de … more →

Tags: Economic History, Thinking, History

Ten Years of Uncertainty2 comments

pwswartz wrote 1 year ago: Today’s FOMC releasediscussed the Fed’s decision to continue the quantitative and qualit … more →

Tags: Monetary Policy and Short Rates, Nominal Bonds - Long Rates, Portfolio Thoughts/Trade Strats, Monetary Policy, Zero Interest Rates

Federal Reserve Challenge: When normal just doesn’t cut it.

pwswartz wrote 1 year ago: When the economy slows, the first responder is the Federal Reserve. It eases monetary policy by lowe … more →

Tags: Monetary Policy and Short Rates, Nominal Bonds - Long Rates, Portfolio Thoughts/Trade Strats, Finance, Implied Expectations, Monetary Policy, Zero Interest Rates


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