Is There Such a Thing as a "Risk Premium"?

One author says no, there isn’t. And so you should stop betting on all those long shots: I think the example of horse racing probably explains this best. Researchers have found that betting on the long-shot has had the worst payoff. My guess is that in any given race, the long-shot will draw interest from bettors who simply want to More …

Criminalizing Speech

Below is a video clip that I’ve seen referenced a couple of times lately. It’s an exchange from July between Representative Trent Franks and Assistant Attorney General Thomas Perez about the criminalizing of speech that’s critical of religion. It’s not necessarily new information, but in light of recent events, I think you’ll understand why it’s relevant. I’ve seen enough footage More …