Here's a good place to discuss it:
https://www.flopturnriver.com/pokerf...ad-200299.html
01-13-2018 12:08 PM
#826
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Here's a good place to discuss it: | |
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01-13-2018 12:09 PM
#827
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Where do you get this 'crybaby tantrum' stuff from? Where you do see me getting hysterical? All I'm doing is making arguments and asking to hear your side. | |
01-13-2018 12:10 PM
#828
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01-13-2018 12:11 PM
#829
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The second bit in bold answers the question in the first. | |
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01-13-2018 12:12 PM
#830
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I'm in the Discord channel. Click here to join: https://discord.gg/qNtbGsd | |
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01-13-2018 12:12 PM
#831
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Trump ran on non-moderate immigration policies |
01-13-2018 12:12 PM
#832
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01-13-2018 12:13 PM
#833
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01-13-2018 12:13 PM
#834
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01-13-2018 12:14 PM
#835
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01-13-2018 12:15 PM
#836
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01-13-2018 12:16 PM
#837
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01-13-2018 12:17 PM
#838
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01-13-2018 12:18 PM
#839
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And actually I didn't say he's universally dumb. I said he's good at business, and dumb in other ways. Everyone's good at some things and bad at others, so that's barely an insult. | |
01-13-2018 12:18 PM
#840
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It is hilarious how well that describes you. Any point that you are being poked on immediately turns either into ad-hominem or you go off on non-sequitur's. This response is a great example. He asked a super straight forward question that even I could answer, and yet you choose to go off on this tirade, because it's much easier than answering the question. Your mind is the path of least resistance exemplified. | |
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01-13-2018 12:18 PM
#841
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On the record growth of asset prices, that isn't all Trump and it's mostly not Obama like people think. That's mostly about the Fed BUT the record being as high and lengthy as it is probably depends on Trump. If Clinton had won, asset prices would probably still be up (because Fed) and if a generic GOPer won they probably would be up more than with Clinton. It's the Trump effect IMO that has made the growth so amazingly consistent. That's his true skin-in-the-game learning of what rational expectations really means that many economists stuck in only the mind-space have forgotten. I remember telling my professor a year ago that asset prices will continue to go up in a stable and remarkable way because of Trump's understanding and communication of expectations. |
Last edited by wufwugy; 01-13-2018 at 12:27 PM. | |
01-13-2018 12:19 PM
#842
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01-13-2018 12:20 PM
#843
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01-13-2018 12:21 PM
#844
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01-13-2018 12:22 PM
#845
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Come help me fight the cuck takeover: https://discord.gg/qNtbGsd | |
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01-13-2018 12:23 PM
#846
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01-13-2018 12:25 PM
#847
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About asset prices, it is not a good idea to use them as evidence for or against something. That's one of the fatal flaws in economic logic called "reasoning from a price change." You want to reason from an information change and then interpret the price change through that. Stocks today can be up for all sorts of different reasons. What we want to do is say "what new information has there been and what effect could that have" and then look at stock prices through that lens. What we don't want to say is "stocks are up therefore Trump must be doing something right." |
01-13-2018 12:26 PM
#848
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01-13-2018 12:29 PM
#849
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01-13-2018 12:30 PM
#850
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01-13-2018 12:35 PM
#851
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01-13-2018 12:40 PM
#852
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On the story, that is a picturesque example of the counterintuitive nature of economic behavior. An economist I read once told a story about a homeless dude (like 19 yr old or something) who just showed up near his home and wanted money so he could leave. He was going to give him some money but then his wife (the non-economist of all people) reminded him the incentives that causes, where the dude would become less likely to leave if he was given money to leave. |
01-13-2018 12:43 PM
#853
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Is there an economic model that predicts, even retrospectively, what the stock market will do? | |
01-13-2018 12:45 PM
#854
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01-13-2018 12:49 PM
#855
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Yes, but the question is more about why that is the gist of it. |
01-13-2018 12:56 PM
#856
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01-13-2018 01:01 PM
#857
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Idiot narcissists are one of the greatest source of humor on this planet, but sometimes you really have to look hard to see the funny part. | |
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01-13-2018 01:06 PM
#858
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Nope. Stocks behave like a random walk. Rational expectations says current perceptions adjust for future expectations. The efficient market hypothesis says that stock prices adjust for all available information. Nobody can predict stock values, probably because not all possible new information can be adjusted for. Economists talk like the experimental data is solid on this. It would be with things like if test subjects know the value of a stock they hold will be less tomorrow, they sell today at a higher price. Probably the reason we can't predict prices is because prices change on information instead of changing on change in price, if that makes sense. And we can't fully model all the information that will be relevant a minute or a day or a month from now, so we can't predict stock prices. |
01-13-2018 01:08 PM
#859
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It's kind of like having a crazy uncle that's fun to talk about when he's not there, but oh my fuck no-one wants him showing up at the family picnic with a bottle of whiskey. | |
01-13-2018 01:09 PM
#860
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01-13-2018 01:15 PM
#861
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My basic ideas of quantitative models of economics are: | |
01-13-2018 01:18 PM
#862
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"Rational" is acting according to subjective preferences. So, for the most part, yes. I say "for the most part" because there is some small movement in economics against this idea. And I don't really understand why. The best I have gathered from discussions with some professors is that the "irrationalist" portion emerges in part from redefining things. So what Richard Thaler would call "irrational", traditional Chicago economists like Gary Becker would call "rational." |
01-13-2018 01:19 PM
#863
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Last edited by spoonitnow; 01-13-2018 at 01:22 PM. | |
01-13-2018 01:29 PM
#864
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Didn't Tversky and Khaneman basically blow up some economic ideas with research in psychology? I don't remember the details, but I thought it had to do with people not being able to be rational even if they tried (or something like that). Something about them making poor decisions about risk/reward depending on how the question was framed. | |
01-13-2018 01:31 PM
#865
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Yeah that's basically right. Because of this, there is debate among economists about what economics even should be about. For example, there is a big econometrician movement. I don't like it much because it attempts to do what you pointed out can't be done. Interesting to note, Nassim Taleb often discusses how econometricians gets their statistics wrong in the first place. So that's, like, a double negative. I think econometrics is very overused. On the econometric paper I replicated for a class, I felt like the "results" boiled down to data dredging and perhaps overfitting and that the conclusion was easily wrong because of unknown confounding variables. And yet this was a good enough study it was in the textbook. |
01-13-2018 01:34 PM
#866
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AHAHAHAHAHAAHAHAHAHAHAHAHAH | |
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01-13-2018 01:38 PM
#867
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1. This requires that you like his policies in the first place. But still, giving him credit for standing his ground seems reasonable. | |
01-13-2018 01:40 PM
#868
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Here's a good way of looking at it. |
01-13-2018 01:42 PM
#869
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01-13-2018 01:51 PM
#870
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This isn't actually new behavior for Obama. |
01-13-2018 01:52 PM
#871
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You are thinking of something that happened. I'd want to look at the exact studies before having an opinion, but I have some knowledge of what you're referring to. |
01-13-2018 01:55 PM
#872
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This relates to my point about a) not having enough information. If there's not enough data to devise a model that gets its basic assumptions about parametrization right, your model is destined to fail. | |
01-13-2018 07:09 PM
#873
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01-13-2018 07:25 PM
#874
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The thing is, you/we are all arguing over nonsense. The democrats are built to lose, running on platitudes and cliches. The republicans basically can only fuck themselves up at this point a la roy Moore in order to lose, but democrats are not giving any semblance fight. Shooting themselves in the foot over and over again. They are playing to lose and they love it. The FISA thing is just the latest line of "golly gee, we HAVE to cave in to whatever dear leader wants, fuck the public" which indicates just how spineless of a bunch they are | |
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01-13-2018 07:26 PM
#875
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01-13-2018 07:35 PM
#876
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01-13-2018 08:03 PM
#877
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01-14-2018 10:33 AM
#878
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We'll call occupation a draw. | |
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01-14-2018 10:52 AM
#879
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01-14-2018 10:55 AM
#880
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We all know the only numbers that really count are dick girth to lip circumference, and there's only one way to find out. | |
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01-14-2018 10:55 AM
#881
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01-14-2018 10:56 AM
#882
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Trump on Twitter earlier this morning: | |
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01-14-2018 11:30 AM
#883
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01-14-2018 01:48 PM
#884
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It's not a win for me, and I never claimed it was. Fake news is a loss for everyone except corporations that bring in massive ad revenue from it. | |
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01-14-2018 02:00 PM
#885
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The short of it is Trump has been trying to get Xi of China on his side from the beginning, while also getting other big players into his strategy. Trump put a lot of work into showing Xi respect and framing North Korea as something Xi wants to and can get done but if Xi doesn't Trump will. Trump turned himself into Kim, so to speak, by using similar type of escalating rhetoric. He has shown the world he does what Mattis thinks is best when it comes to the military at least enough of the time that nobody knows who is in charge on this issue. This point was something we covered in my game theory class as it related to Khrushchev and the Politburo. Not knowing who was in charge put Kennedy and his generals in a worse spot strategically. Trump has massaged Xi with trade negotiations as well. That all is sort of stage setting, the real meat is in what has been happening recently. |
01-14-2018 02:01 PM
#886
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THE MADMAN RELEASED THE AUDIO: | |
Last edited by spoonitnow; 01-14-2018 at 02:05 PM. | |
01-14-2018 02:04 PM
#887
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Last edited by wufwugy; 01-14-2018 at 02:07 PM. | |
01-14-2018 02:15 PM
#888
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I put this in a confusion way and somebody could call me on it who knows better. So, let me clarify. |
01-14-2018 03:56 PM
#889
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Tape sounds pretty ambiguous to me. Probably someone is running it through a voice analyzer right now. | |
Last edited by Poopadoop; 01-14-2018 at 04:10 PM. | |
01-14-2018 04:07 PM
#890
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Also lol at WP for insisting he said "I do". Why fucking entertain the guy? Just say, "we thought you said x but if you insist you said y, then maybe we misheard you. Sorry dude, shit happens." and leave him looking like Angry Grandpa. | |
01-14-2018 04:25 PM
#891
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01-14-2018 04:29 PM
#892
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01-14-2018 04:30 PM
#893
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Do they not teach context clues where you live or what? | |
Last edited by spoonitnow; 01-14-2018 at 04:33 PM. | |
01-14-2018 04:31 PM
#894
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01-14-2018 04:37 PM
#895
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I'd like to note how Trump cleaned this up. |
01-14-2018 04:41 PM
#896
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01-14-2018 04:44 PM
#897
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I especially like that it is quite likely that Trump's team was planting fake stories. Some insiders have said it happens and Trump himself alluded to it when he said "the leaks are real, the news is fake". He's probably referring to barium meals planted to weed out leakers that also helped discredit the del-media. Granted we don't know for certain about this, but it appears to probably be the case. |
01-14-2018 04:50 PM
#898
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01-14-2018 04:52 PM
#899
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This seems a little short-sighted by Trump. I'm sure he's loving that he can spike the football. And there is definitely value in making the media look biased and retarded. But I think he could have done it without broadcasting the fact that he's recording shit. |
01-14-2018 04:53 PM
#900
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