Tulips and Rationality: An Overview of Economic Bubbles

Economic bubbles are a recurrent feature in the history of financial markets. The canonical example, of course, is the tulip mania fiasco of the 17th century in the Netherlands. The price of tulip bulbs was at one point inflated to the level of a small mansion. Since then, economists have carefully documented and modeled the dynamics of bubble formation. The popular view of bubbles is … Continue reading Tulips and Rationality: An Overview of Economic Bubbles

Pets: Unconditional love and support

If you’re not a dog person, then you may roll your eyes when the conversation topic with a few friends turns, inevitably, back to the topic of what cute behavior their dog had recently exhibited. People never seem to tire of the topic, like doting parents talking of their children’s achievements (at finger painting). Until recently, I was firmly in this camp. I had no … Continue reading Pets: Unconditional love and support