Happy Holidays! I am delighted to share The Economics Song, set to the tune of Adam Sandler's "The Hanukkah Song," with references to many of your favorite economists... View "The Economics Song" at YouTube Did you expect the rhymes for Burton Malkiel and Thomas … [Read more...] about The Economics Song
Here's the situation: Your child isn't listening. He's disobeying, he's hitting his sister, he's screaming and acting like a little monster. You warn him, and no response. You threaten to take away his favorite toy, and no response. You put him in a time out, and he's at it … [Read more...] about When Do Punishments Become Too Extreme?
They say it's not what you earn, it's what you keep. There's some truth to that in terms of growing net worth. But how do you figure out how much is enough? Over the years, I've explored best practices to managing and growing lifetime finances. In graduate … [Read more...] about Tracking Life Finances In A Single Spreadsheet
Also known as: "N-1 Kids Was Easy, But N Kids Is Hard!" My wife and I have 4 children. And you have no idea how many times I’ve said something like, “Oh good, so-and-so will be at camp, which means I’ll have just 3 for today. So easy!” Like it’s a walk in the park to be … [Read more...] about The First Fundamental Theorem of Family Size
My most important life lesson from graduate school was in time series econometrics. Wait -- what?? Yes, you read that right, folks. Here's what I learned: Life is a random process, just like a statistical time series. There are areas of life within our control, and there … [Read more...] about Your Life As A Random Process