I was reading an interesting article on what researchers are learning from big data on how shoppers behave. Buying and selling in financial markets isn’t much different from the grocery store in many ways so there are plenty of lessons to take away. This one, in particular, was striking. Many generic drugs are identical to name-brand medicine so it’s a great place to study why consumers prefer one over the other. The main theory was that people didn’t understand that Aspirin is just acetylsalic…
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What to expect from Mr. Governor?
This time of year is commonly known as `the silly season` in the UK, as nothing much tends to come out of government, lots of people are away, and the news media tends to get a bit desperate for substantive content. So it seems that when Mr. Mark Carney, Governor of the Bank of England, spoke last week, there was no shortage of comment. From my angle, he did nothing unexpected, and as suggested, his `forward guidance` told us little new and was subject to several caveats. The link to unemploy…