One of the things I like about doing science, the thing that is the most fun, is coming up with something that seems ridiculous when you first hear i….

Thus a long term corporate bond could actually be sold to three separate persons. One would supply the money for the bond; one would bear the interes….

In the real world of research, conventional tests of [statistical] significance seem almost worthless..

In the end, a theory is accepted not because it is confirmed by conventional empirical tests, but because researchers persuade one another that the t….

Markets look a lot less efficient from the banks of the Hudsonthan the banks of the Charles..