As Passive Investing Spreads, Overall Market Becomes Less Competitive
Active investors take up some — but not all — of the slack created by index funds
Graphic Presentation of COVID-19 Data Can Skew Perceptions of Risk
Showing cumulative cases — not day-to-day trends — could nudge people to avoid reckless behavior
Why Risk and Reward Don’t Always Move in Concert
Investors initially underreact to volatility, then overreact
Adapting Value Investing to the 21st Century
Including intangible assets in book value vastly improves the strategy’s returns
Could Tech Giants Be Making Our Economy Less Innovative?
With a business model built on fewer employees, their dominance saps dynamism.
Out of the 1990s Asian Crisis, a New Bond Market Rises
Local currency sovereign bonds transfer risk from issuer to buyer
Philadelphia’s Soda Tax Is Nearly Perfect for Maximizing Revenue
It’s less successful at curbing consumption so buyers shop outside the city
Why the Online Ad World Abandoned Soft-Floor Auctions
Complexity and a failure to boost platform revenue were culprits
The Relative Well-Being of Generations: An Explanation for Falling Interest Rates?
Doing worse than mom and dad is a drag on the entire economy
One European Country Defaults: How Hard-Hit Is the Euro?
A predictive model employs credit default swaps across currencies