The Rich Are Different (Even Adjusting for Factor Exposures)
Plus! Anonymity is a Free Call Option; The Limits to Transparency; Apple and the Smart Home; Clickless Search; The Cost of Ransomware; Reflexive M&A
In this issue:
The Rich Are Different (Even Adjusting for Factor Exposures)
Anonymity is a Free Call Option
The Limits to Transparency
Apple and the Smart Home
Clickless Search
The Cost of Ransomware
Reflexive M&A
The Rich Are Different (Even Adjusting for Factor Exposures)
Economists like to propose taxes that minimize distortion. Since taxes change incentives,…
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