Investing and Gambling with Kelly

The Kelly strategy, also known as the scientific gambling method, is a powerful money management system. This article outlines how this system works.

Tackle Big Questions. Use Big Data

Interview with Fatih Guvenen (The Curtis L. Carlson professor of economics at the University of Minnesota and a research associate in the NBER’s Econ...

Benford Goes to the Casino

You’re strolling past a casino and you notice an eye-grabbing sign: The Multiplication Game, Carpe Diem

The Billion Pound Drop: Did the Blitz enhance London’s Economy?

The Blitz lasted from September 1940 to May 1941, during which the Luftwaffe dropped 18,291 tons of high explosives and countless incendiaries across Great...

• Spatial Economics

Empty Homes, Longer Commutes: Effects of more Restrictive Local Planning

We have argued for a very long time that the fundamental problem with housing in Britain is a lack of supply: we have been underbuilding for two generation...

• Spatial Economics

Development Beyond Economics

Interview with Pascaline Dupas (Associate Professor, Department of Economics, Stanford University, Senior Fellow, Stanford Institute for Economic Policy Re...

Untangling Real Gravity

Jan Tinbergen was one of the first to borrow the gravity equation from physics to explain bilateral trade flows.

• Macroeconomics

Causal Inference and Machine Learning

Interview with Guido Imbens (The Applied Econometrics Professor and Professor of Economics at Stanford Graduate School of Business, United States).

Naive Learning in Social Networks with Random Communication

What constitutes an optimal communication architecture for finding out the ‘truth’?

• Complexity