Posts Tagged ‘Benoit Mandelbrot’

  • Housing bubble and elasticity and factal math

    A New Cause of the Housing Bubble

    Feb 28, 14 • 1136 Views • No Comments

    In the 663 page report from the Financial Crisis Inquiry Commission (remember them???), the 2000-2011 real estate boom and bust is blamed on relatively predictable conditions. Just glancing at their chapter titles and conclusions, you can see that they blame......  [read more]

  • Economic Geography British Coastline Mandelbrot

    Income Inequality Questions

    Jan 3, 14 • 3368 Views • No Comments

    Seeing economists Emmanuel Saez and Thomas Piketty’s favorite graph of the year at Ezra Klein’s Wonkblog, I thought of Benoit Mandelbrot. The father of fractal geometry, Dr. Mandelbrot told us that the closer you look, the more you see. From a......  [read more]

  • The ROI From College

    Human Capital: The Cost of College

    Aug 24, 13 • 541 Views • No Comments

    Explaining his proposal to make colleges more “accountable and affordable,” President Obama said we need some criteria to rate schools. Why? Measures that would include tuition, graduation numbers, and the proportion of enrolled lower income......  [read more]

  • Income Mobility: Location Matters

    Jul 23, 13 • 441 Views • No Comments

    Reading about US income mobility, I recalled what fractal mathematician Benoit Mandelbrot said about the British coastline. While from a distance it will appear straight, the closer you look, the more you see its indents and zigzags. Consequently, Dr.......  [read more]

  • 16463_6.30_000001579022XSmall

    Are the Rich Getting Richer?

    Jun 30, 11 • 431 Views • No Comments

    Their conclusion was clear. A recent Federal Reserve study tells us that the rich are getting richer. A closer look, though, reveals it is a lot more complicated. We need to be aware of two issues. How should we define income and wealth? Calculating income,......  [read more]