Daniel Dulitz › Comments

This is one of the most concise tax-rate explainers I've seen. Apples to apples makes for an interesting graph, and a somewhat different narrative than "tax receipts are independent of tax rates" proponents peddle. Reagan presided over one of the biggest tax cuts, and one of the biggest tax rises, ever. The tax rise gets edited out of history for some reason. - Daniel Dulitz

SHOCKER: Dog bites man. - Daniel Dulitz

One of the six people (okay, I exaggerate, maybe five) in the world who seem to understand systemic risk and the actual characteristics of models, what they can do and what they can't. - Daniel Dulitz

This sounds like a good idea for fields in which there is any option. - Daniel Dulitz

Profane but insightful. - Daniel Dulitz

This is a pretty good summary of why HFT could be destabilizing. The problem isn't with low-latency trade execution -- the problem is that there is a particular business model built on low-latency trade execution, and that model interacts poorly with tail risks. Humans are as usual doing poorly estimating or even understanding tail risks. We need a system where firms making bad decisions can be restarted (with the old bums liquidated) without the restart hurting other innocent people. But we don't have such a system today. "A best bid today isn't a bid to own shares at a price, or even a traditional dealer or market maker's attempt to provide liquidity. As much as 50% of the time it's just a firm trying to scalp a few basis points as quickly as possible. When that scalper's bid is executed, it then becomes an unexploded competitive liquidity demand, with the timer set, as Kirilenko found, at about two minutes, or even less." - Daniel Dulitz

It doesn't make sense to me. What's a "scalper" supposed to be? Describe "unexploded competitive liquidity demand"? Their unexplained use of connotative terminology seems highly suspect. - ⓞnor

ⓞnor, there are multiple paragraphs on the definition and connotation of the term "scalper" in the linked article of which this is an excerpt. I do think it's worth reading, and significantly clearer. - Ruchira S. Datta

This is too wonderfully weird not to share. Just as with a horoscope I couldn't help asking myself which language I was really. - Daniel Dulitz

Ladies and gentlemen. My state. Thank you very much. - Daniel Dulitz

Okay, this 2 minute video is really cool. It's an animal... sort of... - Daniel Dulitz

This story really brings the personal and the digital-media together. It's like looking behind the twitter persona to see more of the complete person there. What celebrity journalism should be! - Daniel Dulitz

Exploitation of the people who don't understand by the few people who do. - Daniel Dulitz

Ladies and gentlemen. My state. Thank you very much. - Daniel Dulitz

A gun is a form of insurance. Therefore, I see nothing wrong with this law. - Otto

I don't generally have the patience for podcasts. This one was AMAZING. - Daniel Dulitz

Lane Wallace is a great aerospace writer, and here I think she's got it especially right. - Daniel Dulitz

There are two arguments in this essay, and their power comes from the fact that the arguments interact in what might be a surprising way... - Daniel Dulitz

This is much more interesting than the original article. Not that I agree with all the analysis here -- there are some unsupportable broad generalizations and the discussion of Western classical music being college-focused is simply incorrect, culturally. But if you read the original, this is definitely worth a read. - Daniel Dulitz

Coolness, glad to see that! - Daniel Dulitz

And then that kid showed up with a drum, and I said, all right, fine, we're done. - Daniel Dulitz

That would be a rather silly thing to do, since an open source implementation would be prior art against such a patent. - Daniel Dulitz

When has prior art stopped anyone from getting a bad patent that some people can't afford to fight against? - Seth

Good point. Maybe I'll patent the business method of getting a bad patent that people can't afford to fight. And then when someone sues me for patent infringement I'll countersue with my business method patent. - Daniel Dulitz from email

This goes well with his previous post, on the most important thing, which is that a market is an awesome way to allocate rival, excludable goods. - Daniel Dulitz

As an aside, attempting to apply standard market rules to digital goods won't work, as those are neither rival nor excludable. - Tudor Bosman

Exactly, that's the whole problem with DRM. Copyright/DRM can make digital goods "more" excludable, but nothing can make them rival, so markets will fail at efficiently allocating resources if all we have are copyright and DRM. - Daniel Dulitz from email

Funny how commentators couldn't decided whether Hotpot was a 4sq clone or a Yelp clone or what. I guess it had to be a clone of something... - Daniel Dulitz

Naturally, in a pervasive surveillance state, there is a need to distract the people from the huge amounts of extremely intimate information gathered in the name of the law, by raising the specter of "being tracked" statistically and often anonymously on the web. The cookie -- visible to and controllable by the client -- becomes the scapegoat that by its sins atones for all the invisible and uncontrollable surveillance one elsewhere. - Daniel Dulitz

There is a lot of similarity between the ineffective and anti-freedom responses to terror and wikileaks. - Daniel Dulitz

Very cute! NOM. - Daniel Dulitz

Corpse reviver #2! And yummy pizza! Becca and I liked it. A+++ would eat again. - Daniel Dulitz

To say [Murdoch's latest paywall attempt] is a bold move is like describing the Charge of the Light Brigade in similar terms. Except that 278 people paid for the Charge of the Light Bri - Daniel Dulitz

I'm ready to move in. :-) - Daniel Dulitz

Coolness! - Daniel Dulitz

"The investigation last year by the House Energy and Commerce Committee determined that WellPoint and two of the nation's other largest insurance companies -- UnitedHealth Group Inc and Assurant Health, part of Assurant Inc -- made at least $300 million by improperly rescinding more than 19,000 policyholders over one five-year period." I think that's the basis FWIW. - Daniel Dulitz from email

This is lovely! Inside joke t-shirt woudl be "Boyfriend Quality: We use math." - Daniel Dulitz

I certainly hope so! - Daniel Dulitz