Viewing profile — lambdapie

Inefficient compared to what? The choice is not between "publicize the info" and "let insiders trade", its between insider trading and no insider trading, and the information stays…

Maybe some do, but there is a distinction between intentionally making people feel bad about themselves, and advertisements that simply holding up some look or personality as attra…

I know plenty of attractive/cool/popular people, who get hundreds of likes, and don't claim to fit this victim narrative.

When high level behavior that can be described by simple equations emerges from low level laws, we call it physics. When it doesn't, we call it chemistry, biology, geology, etc. (E…

Some people are more attractive, cooler, more interesting, than others. It's not some evil plot by the corporations to make us feel bad about ourselves. These people are really out…

Ok that's reasonable. I agree that in theory this argument makes sense. In practice I think the arguments that insider trading is inefficient are compelling enough (see https://new…

Why is free market in scare quotes? And why "so-called"?

I'm not a big fan of professional bodies or mandatory qualifications. I think these tend towards rent seeking, with these bodies existing mainly to justify their own existence. In …

Economically putting up barriers for the sake of it (aside from valid issues of qualification required for the public good) is bad policy. It's good for the people who can get the …

No, but I'd still recommend looking into content security policy (CSP), iframes, and the sandboxed attribute. Even though you seem to have developed your own notion of what isolati…

WebAssembly binary will be syntactically (almost) identical to asm.js, which is a subset of JS. So all are equally transparent/opaque.

You can run untrusted code in an iframe (possibly with the sandbox attribute set). I think this would be what you're looking for.

Some other commenters have correctly pointed out that (1) my comment doesn't address whether the liquidity costs outweigh the benefits of extra information, and (2) why insider is …

I didn't understand that article, probably because I'm unfamiliar with the author's other works. Is he proposing that a company be allowed to set rules regarding insider trading du…

You are right that "harming" someone is not a sufficient reason to ban an action. And as others have pointed out, researching a company carefully causes the same kind of "harm", an…

I wouldn't say that I ignored the benefit or a more accurate price, since I explicitly mentioned this benefit twice. But I wasn't clear enough of the implications. To clarify: insi…

What does "if he's going to stray from the South Asian beat" refer to?

Insider trading does harm people, and does reduce liquidity. Many people who understand classical economics get this wrong [0], because financial markets are a very degenerate kind…

You use the term "monetary velocity" as if it was some term of trade, but I have a PhD in economics and I've never seen it used this way. Are you referring to a specific school of …

I don't understand your point. Can you clarify? For reference, when I speak of "marginal effective tax rate" I mean the marginal effective tax rate after including (1) welfare paym…

UBI might be a great policy, but your argument makes no sense from an accounting point of view. Every kind of redistribution must sum to zero across all people. Basic income is no …

Basic income is just classical economics rebranded, and basic income is not drastically different from welfare systems that are simple, rule based, and have minimal compliance moni…

Do you think this also implies that men have more incentive to become successful in their careers, if they choose the socially acceptable route? And if so, do you think this might …

Unfortunately I don't have time to go into this more, but I also appreciate the tone of your reply. A very brief summary of my position is that there is a set of "right" laws, and …

Can someone qualified comment on whether group selection is taken seriously among biologists now? I haven't followed the debate much but Dawkins at least has argued that group sele…