Three professors at the University of Minnesota’s Carlson School of Management have assembled a mathematical model to explain why it is that financial fraud increases in good times and decreases in not-so-good times. Write Paul Povel, Rajdeep Singh and Andrew Winton, in a paper in the July Review of Financial Studies: Our model highlights two [...]
At the Red Bull New York-New England Revolution game Saturday night. (The Mighty Revs won 1-0 on what the replays showed to be a beautiful Andy Dorman goal; I missed it because I was text-messaging Mrs. Curious Capitalist). Attendance wasn’t really as dire as it appears in the above photo. Presumably to make things look [...]
