Serious under-estimates if you ask me. No revealed preference

Wouldn’t hold much hope for investors in a hedge fund founded by Steve Keen to put other’s money where his mouth is all the time

Forget avoidance outrage: public’s real attitude to tax is revealed by their actions @JordNZ

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Source: Panama Papers: Forget avoidance outrage: The public’s real attitude to tax is revealed by their actions | City A.M.

Does money buy happiness?

Apparently there are people who claim they haven’t used the Internet

Al Gore Buys CA Shoreline Mansion…Awkward

Al Gore has snapped up an ocean front property in California. Obviously, rising sea levels are not any time soon for him when it comes to putting his money where his mouth is. The only explanation is that Mr. Gore does not actually believe his predictions of doom.

Moody Eye View

Former Vice President Al Gore and his wife, Tipper, have added a Montecito/ Santa Barbara CA -area property to their real estate holdings, reports the Montecito Journal.

The couple spent $8,875,000 on an ocean-view villa on 1.5 acres with a swimming pool, spa and fountains, a real estate source familiar with the deal confirms. The Italian-style house has six fireplaces, five bedrooms and nine bathrooms.

Some of the most memorable images from Al Gore’s movie, An Inconvenient Truth, are the graphics that show how rising ocean levels will dramatically alter our planet’s coastlines. As Greenland’s ice sheets collapse, Gore predicts that our shores will be flooded and sea-bordering cities will sink beneath the water leaving millions of people homeless. His narration tells the audience that, due to global warming, melting ice could release enough water to cause at 20-foot rise in sea level “in the near future.” Al PT…

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Nice definition of revealed preference

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On cheap talk versus revealed preference

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Preferences are demonstrated through choices – nothing more and nothing less

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