Some recent financial research of note, this time from the Journal of Economic Perspectives:
- Disagreement and the stock market: Disagreement explains some anomalies like glamor stocks and Fascinating stuff on the role of heterogenous views in markets
- The gift card market: An $80-billion market has emerged in ten years, despite givers and recipients seeing very different values

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Nice article
Great
Yay! Finally reached the end of my Kedrosky backlog. Finds like this are the reason I don’t “mark all read” on your feed, Paul.