stackyFACTSIt is terrifying how much classified reality is kept from the very people filling out the ballots. Asymmetric information completely heavily distorts local governance, leaving blind citizens perfectly vulnerable to incredibly slick, entirely unaccountable campaigns.
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You might think massive funds make their own decisions, but they essentially outsource their brains. A tiny handful of proxy advisory firms issue…
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Here is the key to the corner office; ignore the raging fire behind the desk. The 'glass cliff' phenomenon occurs when struggling companies deliberately…
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There is no fury quite like a local homeowner encountering a proposed apartment complex. Incumbent residents rationally weaponize local board meetings to…
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Any transaction where one party hides fatal flaws is driven by information asymmetry. Whether it is an antique dealer buying a dusty painting from a clueless…
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If you hate the local mayor, just pack your boxes. The Tiebout model posits that people sort themselves into different municipalities based strictly on their…
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In a perfect model, prices instantly adapt to changes in demand. In reality, printing new price tags is annoying. 'Sticky prices' refers to the frustrating…
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