Monthly Archives: April 2021

Betting against the house on the Covid vaccines

Slot machines

“You have a greater chance of being in a car accident on the way to getting this vaccine than you have of having a problem from this vaccine. But that’s not how people view risk.” — Paul Offit, vaccine expert at Philadelphia Children’s Hospital. Maybe it is because I do not seem to have a gambling gene in my body…. Read more »

Penny sucking and corporate tax reform

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Amazon van

When I purchase some stock online, I never try to nail my “limit price” down to the penny. I do not believe that ordinary people can do market timing that well. But that penny means a lot to the high-frequency traders and their AI computer algorithms. In a story that you might not see as connected, Amazon has had to… Read more »

Choosing your “Covid restaurant”

Cafe Risky

Imagine that there are just two cafés in your town at which you can dine. At Café Safe the menu is limited and rather bland, your parent’s music is playing over the PA system, and people are friendly but stand-offish. However, the place is clean, and they follow all health protocols. Business is good at Café Safe and it is… Read more »