Author Archives: James_Hamilton

2011 Econbrowser NCAA tournament challenge winner

Congratulations to (1) the University of Connecticut, 2011 NCAA men’s basketball champion, and (2) A. Chaves, who, in part because he or she successfully predicted (1), is winner of this year’s world-famous Econbrowser NCAA tournament challenge.

And condolences to most of the rest of us, who messed up pretty badly with our predictions. Not that I wouldn’t have made pretty much the same calls if the same teams were to play again.

Price dynamics

A dominant class of economic theories is built on the assumption that prices respond only sluggishly to new economic conditions. It’s an interesting challenge to try to reconcile that premise with what we see in the data.

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