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Three models (arguments for) drivers of market efficiency

The current map of LMS US market share

This is for anyone who is looking deep in economics of artificial intelligence or is doing a project on AI with respect to economics. This paper entails how AI might effect our economy and change the way we think about work. the predictions and facts which are stated here are really impressive like how people 30 years from now will be lively with government employment where everyone will get equal amount of payment.

This is a flawed proposition and both misleading and deceptive in relation to the subject matter, considering its prominence in a court media report of proceedings which largely centre on the propriety or otherwise of an approvals process.

Using a market analogy mischaracterises the process involved in seeking and gaining approval for a proposal based on an innovative occupational health and safety concept.

In this case, the Minister was the appropriate authority under the relevant NSW laws.

And while Mr Maitland could indeed be described as a "entrepreneur", the phrase "willing buyer" taken literally in the context of the process to which he was constrained, could contaminate the reader's perception of the process as transactional or necessitating exchange of funds a conventional buyer and seller relationship.

Based on evidence already tendered in open court, it's already known Mr Maitland sought both legal advice on the applicable process as well as guidance by officials and other representatives with whom he necessarily engaged.

But the concept of finding a "willing buyer", taken literally at it's most extreme, could suggest Mr Maitland was presented with multiple approvals processes and to ultimately reach his goal, engaged in a market force-style comparative assessment of the conditions attached to each of these processes to ultimately decide on which approvals process to pursue.

Plainly, this was not the case. Mr Maitland had sought advice on the process and proceeded accordingly.

The only exception that could exist in relation to the availability of alternative processes could be a situation silimilar to the handling of unsolicited proposals by former Premier Barry O'Farrell over casino licenses which were not constrained by any of the regular transparency-related requirements including community engagement, notification or competitive tender.

Again, this situation does not and could not apply to the process applicable to Mr Maitland's proposal.

The misleading concepts introduced from the outset in this article also represent an aggravating feature of the injustice to which Mr Maitland has been subjected.

To be found criminally culpable in a matter involving actions undertaken in an honest belief they were required in a process for which Mr Maitland both sought advice process and then at no stage was told anything that would suggest his understanding of the process was incorrect, contradicts fundamental principles of natural justice.

Same thing in publishing, too. Lots of people say journal costs are inflated & they can run one cheaper. They're right, but there are two considerations: a) in a market economy prices reflect more than just costs. They reflect the economic value, which includes things like brand value, prestige and also, as this & the other posts argue, an inflation due to productivity rising in adjacent market sectors. So the market failures seem to come from a) the difficulty knowing how much something should cost (having comparables and not having too much complexity to understand) and b) too high value ascribed to the status or prestige (which, if understood as a social consensus proxy that reduces the complexity of actually understanding the business & what it's value to the consumer should be, collapses b into a).

Quite a fascinating and interesting way to kick-off such endeavor. This can act as a major source of encouragement for giving one's 100% to the purpose. Of course, avoiding the risks of over-committing without periodic self-examination.

The harp was considered a particularly graceful and feminine instrument, permitting elible young women to show off their charms and attract potential suitors. Many upper-class women, especially those in boarding schools, learned how to play instruments like the harp to make themselves more appealing in the marriage market.

Read more about the harp as status symbol here

Probably the stocks will drop a lot when announced, buy after that. Should recover in next quarter.

a la the agora

https://en.wikipedia.org/wiki/Agora

<big>评：</big><br/><br/> 「比如我们当中很多人喜欢吃甜食，但由于担心发胖又不得不控制自己的食欲。什么原因造成我们爱吃甜食呢？人类在 200 多万年的进化过程中，绝大多数时间都处于营养不良和饥荒的边缘，饥饿是造成人类死亡的最大威胁。这种环境下，爱吃甜食的人往往可以获得更多热量，更容易存活，并把自己的基因传递下去。由于我们是远古时期爱吃甜食人类的后代，所以我们今天爱吃甜食的行为就不难理解了。但现代社会中物质极大丰富后，高热量食物随处可见，吃甜食这种曾经帮助人类生存的习惯却变成了一个负担，成了一种看似不理性的行为。因此很多现代社会里看起来非理性的心理和行为实际上都是深度理性的：这些心理和行为在远古时期曾经有利于我们祖先生存和繁衍后代。」 </br></br> 从进化论角度来看， 这些在远古时期理性的心理和行为可以解释现代股票市场中很多看似非理性的投资行为，此类行为偏差其实是人类长期进化的结果。 </br></br> 尽管如此，我们仍难以回答的问题是：进化到廿一世纪的现代人类，果真在进化过程中尝到甜头了吗？社会学家告诉我们「是的没错，我们站在前人的肩膀上」，但与此同时化学家们在努力地合成「代糖甜味剂」，以打消人类摄入甜食的最后顾虑。在新一波糖衣炮弹的冲击下，密码朋克们构想的理性世界可能会演化成与「廿一世纪理性的非理性金融体系」并无大异的光怪图景。

This quote epitomises the marriage market where one must consider financial and class implications when considering marriage, as opposed to love.

When considering class distinctions, it will be interesting to see how this relationship will play out.

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Can you please source this information? I could not find it in http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-%2f%2fEP%2f%2fNONSGML%2bCOMPARL%2bPE-592.363%2b01%2bDOC%2bPDF%2bV0%2f%2fEN

Real interest rate = interest rate - inflation

Sign of the times? One part is about economics as the discipline of decision-making. Economists often claim that their work is about any risk/benefit analysis and isn’t purely about money. But the whole thing is still about “resources” or “exchange value”, in one way or another. So, it could be undue influence from this way of thinking. A second part is that, as this piece made clear at the onset, “education is big business”. In some ways, “education” is mostly a term for a sector or market. Schooling, Higher Education, Teaching, and Learning are all related. Corporate training may not belong to the same sector even though many of the aforementioned EdTech players bet big on this. So there’s a logic to focus on the money involved in “education”. Has little to do with learning experiences, but it’s an entrenched system.

Finally, there’s something about efficiency, regardless of effectiveness. It’s somewhat related to economics, but it’s often at a much shallower level. The kind of “your tax dollars at work” thinking which is so common in the United States. “It’s the economy, silly!”

Sounds fairly damning for a business based on helping diverse students with the labour market…

you can never size a market in excel

So even in a hands free scenario, the market and society are still being structured by the government..? Does that really leave it to be hands free? The way the government decides to structure it surely must have an influence on how the turnout is

• Social benefits like free education, healthcare and pensions.
• Redistributive taxation.
• Relaxed employment laws.
• History in family-driven agriculture. Culture of small entrepreneurial enterprises.
• High rates of taxation.

Author misses the point here. Corporate America loves the term "free market" only when it is under threat. A "free market", as we know it, is anything but free. It is regulated into existence by "free trade" agreements and the like.