Chris Blattman reports:Using a high-speed camera that photographed people flipping coins,
the three researchers determined that a coin is more likely to land
facing the same side on which it started. If tails is facing up when
the coin is perched on your thumb, it is more likely to land tails up.How much more likely? At least 51 percent of the time, the
researchers claim, and possibly as much as 55 percent to 60 percent —
depending on the flipping motion of the individual.
A month ago when we presented RealtyTrac's analysis of 25 markets where flipping homes is most profitable (yes, they really did that) some thought we were joking: after all can people really be that stupid and forget the crushing aftermath of a housing bubble that popped just seven short
Until recently, the most high-profile conflict in Rio de Janeiro's favelas has been between rival gangs fighting turf wars: now it is European investors tussling over a piece of prime real estate. High on the steep slopes of Vidigal, the panorama across Atlantic beaches and distant islands is among the most spectacular in Rio, but tourists are unlikely to find it listed in most guidebooks.
John Nelson and the wizards at IDV Solutions have created a series of maps plotting economic data (via AGS) by Census county level. Here's one we found particularly interesting: the ratio of property taxes to property values.
It is extremely hard if not downright impossible to re-blow the last bubble. For case in point look at technology stocks like CSCO, INTC, SEBL, or JDSU.
Here is a chart of JDSU, a darling of the internet bubble.