Which report is this from? Link?

This makes a great deal of sense.

The critical word here is "dumb." Rational learning is severely limited in scope. www.sciencedirect.com/science/arti...

This actually creates a broader framing of ambiguity aversion as complexity aversion, encompassing both Ellsberg and Allais paradoxes. As an aside, psych literature suggests that time discounting is an uncertainty phenomenon. Not sure how to reconcile that with complexity aversion.

What is RPP?

Where is this? SF?

That was my first post on this site.

I am Indian. As my son says, Indians eat "chocolate" as an excuse to eat milk and sugar!! So, milk chocolate>dark chocolate.

I may be misremembering but didn't Alesina et al show Ireland as an example of expansionary fiscal consolidation?

Discount factor matters more than earnings when you are not at the zero bound.

The fact that Tyson survived 8 rounds tells us how much the standards of boxing have fallen. Does anyone think a 58 year old would have survived beyond a round against prime Tyson?