Revolutions in law and economics

Cooter's presentation reveals 4 categorizations of the revolutions and might as well be evolutions of law and economics.  

1. game theory; making behavior fully strategic
2. evolutionary economics endogenous preferences
3. behavior economics: diminished rationality + experimental methods
4. law and growth economics (empirical legal studies)

I think wouldn't it be good to combine all of the 4 items above and apply those to some legal theory or policy.  I wonder what an example would be..  stay tuned.

Asian girls and law professors

I'm sitting in a conference in a field of legal studies and I see a bunch of girls going up to the professors at breaks to ask to be photographed with them.  Odd enough, they exhibit a sort of behavior leading to, for a lack of better words, flirting.  Attempting to flater the professors rather than engaging the minds.  Laugh giggerishly and timidly rather than confidently and intelligently.

I begin to wonder is this a cultural issue or rather an individual issue.  Perhaps law professor exhibit the sort attraction to girls that I may not have the liberty to experience, yet.

ELS

ELS.  Could this the intersection between finance and law?

Humm...  one can probably research on

1. Recession's impact on government regualations
2. Greed versus Fair, Wall Street versus SEC

John Boehner is John Boner

Seriously, why is the media pronouncing the senator from who knows where, the wrong way?  I think John should just accept the fact that his last name is a natural reflex of the male reproductive organ.

I don't think there's anything wrong with that.  I do think it's wrong to try to cover the obvious.

So, with him in the house, I am very skeptical that he will be honest.  He is afterall a former used car sales man.  And, car sales man have a reputation of bluffing to their customers.

"I'd rather go with things that the government isn't involved in."

Well said Frank of the Hennessy Funds! 

I think the investment community sense the fear that the money raised from the GM IPO will go to pay off the government's and its union's loans; why then would it be a good investment, knowing that both GM and the union will sell their sales after the IPO.  No sound investor should take such a risk, unless you're a hedge fund or private office and you short the stock.

Let's not forget GM is not US GAAP nor IFRS compliant and so when the quarter or annual report comes in after the IPO, you'll probably see a market correction.

GM's IPO

I think it's totally ridiculous that GM's IPO is priced that high.  I believe a lot of retail investors will loose money in the next 6 months while chasing the hype that investment bankers are creating in order to justify their fees.  The reasons?

1. GM's audit reporting says it does not conform to accounting standards.  So its earnings can be made up to create the hype.
2. GM is raising the money to repay its debts to the government and its noisy union, and not to better itself.  I question whether they can be competitive without investing the bulk of the money raise in technology.

So, we'll see in 6 months whether this battered company will create another mess for Americans.

Got accepted!

London, here I come!