The Problem With Giving Your Brother a Stock Tip

When the Supreme Court decides whether you can give your brother a stock tip, it will also affect the good governance that boosts economic activity.

Financial Regulation: The Eddie Murphy Rule

In its 2300 pages of financial regulation, Dodd-Frank has an Eddie Murphy Rule. Do you remember the end of Trading Places? Having bribed someone to get a USDA orange crop report before it was publicly released, the Duke brothers start…

Stock Markets: Consumer Confidence Peeks

During the mid-19th century, Paul Julius Reuter used carrier pigeons to fly stock market prices between Brussels and Aachen, Germany. Now, Reuters is doing (sort of) the same thing. For the University of Michigan consumer confidence survey, Thomson Reuters was speeding…

Behavioral Economics: Insider Trading

Did you know that many college professors have encountered the dead granny phenomenon? Discussing dishonesty, behavioral economist Dan Ariely tells us that before a college midterm, a student’s grandmother is 10 times more likely to die and before a final…