How Goethe figured second price auction much before William Vickrey…

Stamp auctions anticipated Vickery as well.

Mostly Economics

I just learnt how Fisher figured the Philips Curve before AW Philips.

Now this gem by Avinash Tripathi tells us how the famous German polymath Johann Wolfgang von Goethe figured second price auction way back in 18th century:

Johann Wolfgang von Goethe (1749-1832) was arguably the greatest German writer, poet and polymath of the Romantic era. His forays in science, diplomacy, literature etc are well-known. His dabblings in the applied economics and auction design are less known however.

One incident in particular is worth mentioning. While selling the publishing rights of his epic poem ‘Hermann and Dorothea’, Goethe had made an intriguing proposal to his publisher. According to this proposal, Goethe would submit his reserve price in a sealed envelope. The publisher was asked to quote how much he was willing to pay for the publishing rights of this poem. If the price quoted by the publisher turned…

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Rather to the point

How to End the Gender Death Gap

This is a Hamas war crime

Evidence and the ‘Three Strikes’ law

It is easy to rebut the Commission’s argument that ” there is no evidence which exists to justify or shape it”

Prison reformers are at one with the tough on crime crowd when it comes to the effects of 3-strikes and you are out. Tough on crime advocates emphasise the incentive not to offend in the first place. Prison reformers stress the other side of the same coin; if a crime is committed, the offender has nothing to lose on their 3rd strike from greater violence and killing witnesses and then nothing to lose once they are in prison because they cannot be sentenced to further time.

What was found in the USA was offenders serve the same 25-to-life anyway so third strikers were more violent. But if offenders had something to lose, if their punishment was more tailored to their latest crime, they chose to be less violent.

Families Commissioner Blog

The ‘Three Strikes’ law exists because a majority of Members of Parliament want it, although there is no evidence which exists to justify or shape it. This is not an unusual situation, and there are many examples of legislation being weakly informed by evidence, or by none at all. Understanding how we got here might be helped here if we explore some of the ‘evidence’ used to introduce the law and explain its operation since then.

The overall incidence of crime is falling, and has been doing so since the 1990s, and violent crime has been falling over the past decade. There are few cases that the three strikes law affects, and these do not provide evidence to conclude whether this particular law has had any influence on offending, especially when the introduction of the law will also have had an influence on the prosecution of cases and in sentencing…

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Kim Workman’s @ScoopNZ reply to my @DomPost op-ed: gangs are social clubs too! @sst_nz

At http://www.scoop.co.nz/stories/HL1805/S00199/jim-rose-on-gangs-analysis-without-context.htm about https://www.stuff.co.nz/dominion-post/comment/104107156/extra-prisoners-are-nearly-all-gang-members–thats-hardly-a-crisis

Criminal Tweets: Trump Critics Should Not Respond To Acts Of “Fake News” With Fake Law

JONATHAN TURLEY

Below is my column in the Hill Newspaper on the latest “smoking gun” of obstruction in the form of Trump tweets.  There continues to be a categorical refusal of many to acknowledge the implications of the interpretation being advanced to implicate Trump.  There is also a failure to acknowledge that the Clinton campaign received more information was Russian sources, including Russian intelligence figures. The difference is the Clinton people were smart enough to use a cut out in the form of a former British spy.

While advocates continue to maintain that agreeing to go to a meeting to review promised evidence of crimes is a federal election violation, no case like this has ever resulted in a conviction that I know of.  Indeed, I do not know of any case remotely similar to this case as being brought.  The First Amendment implications should bar any such prosecution.

Here is the…

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What happens if men travel in a ladies compartment on the Delhi Metro

US: One of the world’s worst countries for women? | FACTUAL FEMINIST

#BurqaBan @WorldHajibDay #WorldHajibDay

https://twitter.com/MarcherLord1/status/1027153606414348289

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