The Rich Are Different (Even Adjusting for Factor Exposures)

Plus! Anonymity is a Free Call Option; The Limits to Transparency; Apple and the Smart Home; Clickless Search; The Cost of Ransomware; Reflexive M&A

In this issue:

  • The Rich Are Different (Even Adjusting for Factor Exposures)

  • Anonymity is a Free Call Option

  • The Limits to Transparency

  • Apple and the Smart Home

  • Clickless Search

  • The Cost of Ransomware

  • Reflexive M&A

The Rich Are Different (Even Adjusting for Factor Exposures)

Economists like to propose taxes that minimize distortion. Since taxes change incentives,…

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