Paul
@plsecon.bsky.social
Look I like the line it's quite intuitive, but isn't this clearly false? Your calculation ignores that a large part of the S&P 500 is owned by non US investors and therefore not American 401k's. So the effect is likely in the right order of magnitude but significantly lower?
April 30, 2025 at 7:52 AM
Look I like the line it's quite intuitive, but isn't this clearly false? Your calculation ignores that a large part of the S&P 500 is owned by non US investors and therefore not American 401k's. So the effect is likely in the right order of magnitude but significantly lower?
Isn't this expected? If we have a rational agent dynamic model, all the agent does is intertemporal optimization of an objective function. If we replace utility with 'points' and optimization with strategic play, we get a game in the non economic sense.
February 21, 2025 at 9:08 AM
Isn't this expected? If we have a rational agent dynamic model, all the agent does is intertemporal optimization of an objective function. If we replace utility with 'points' and optimization with strategic play, we get a game in the non economic sense.