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That sounds juicy. Or Cheepreadz? Fast-forward a few weeks. A book-shaped package arrives.


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As you flip through the book and see sloppy underlining and notes throughout, you get a whiff of something. Could it be? You go in for a closer sniff. Yep, cat pee. I will think upon revenge. This is fraud. You find that Cheepreadz is a new seller without a reputation. You surf to the page that lets you rate the seller.

Most people probably would. For a long time, economists relied solely on such field data to see how people buy and sell. But some rogue researchers, so-called experimental economists, spend their days devising game-like tests to probe how individual people trade.

Exchanges and Clearing

Another fringe group, known as behavioral economists, pull findings and methods from psychology and sometimes evolutionary biology to help explain these experimental results. Over the last quarter century, however, these outsiders have gradually gained acceptance from the mainstream; the Nobel prize went to two pioneers in experimental and behavioral economics. Even so, economists have only recently taken trust, revenge, and other emotion-laden behavior under their umbrella.

Duke Hindu Students Association endorses Tommy Hessel for DSG president

For most of the last century, economists tended to stick to areas where emotions were negligible, such as highly competitive markets and anonymous trade in large groups. By about , most economists had adopted a very restricted view of people, says economist Daniel Friedman of University of California Santa Cruz. Economists call this caricature Homo economicus, but we can call it the selfish robot. As soon as it has a sociological element or a strategic interaction, then the theory really fucks up. Not too surprisingly, it turns out humans are not selfish robots.

This picture also fits with common intuition and how people seem to act in real markets, such as eBay and Amazon. Watson Research Center in New York, hopes her studies can help guide the design of new and improved reputation systems for online markets. CME Group said all products will continue to be available to trade on its Globex electronic system, according to a statement released Wednesday.


  1. Podcast: The revenge of the machines!
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  8. The move by the Chicago-based market operator follows the New York Stock Exchange, which on Wednesday restricted access to its iconic trading floor in downtown Manhattan. The plan has some on Wall Street worried that it could lead to trading disruptions when markets are already fragile.

    Are You Revenge Trading?

    The Dow Jones Industrial Average dropped 5. With the new license, Japanese financial institutions can directly access Eurex for swap clearing and combine their listed and OTC euro yield curve business in one single place. FXOhub represents a step-change in intuitive liquidity sourcing and trade execution on an industry leading FX Options platform.

    Customers connecting via API will benefit from the liquidity pools of both brands, where available. Front end users will also benefit from being able to view liquidity provided by both brands on a single screen. Revenge of the Trades YouCanTrade. Did you think about placing a bigger, riskier trade to off-set the loss?

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    Revenge trading is considered to be risky, and it comes from an emotional place motivated when someone believes the market owes them. Because there's only one Tommy Sullivan I know of who's ever been in my class at school. That hair! How many times since eighth grade, when Tommy finally left town, had I seen a guy-a tourist, usually--with red hair, and done a double-take, my heart hammering, certain it was Tommy, and I was going to have to look into those weird hazel eyes of his, which in certain lights were as green as the sound during high tide, and in others, amber as leaves on an autumn day, sometimes even gold, like honey--only to have the guy turn around, and end up not being Tommy at all.

    But could what Liam be telling me possibly be true? Could my luck--where Tommy Sullivan is concerned, anyway--finally have run out?

    Description

    Which was a mistake, since the cushion was slick with sweat. But I didn't care that much, since I hadn't showered yet anyway. My blood went cold. I couldn't believe it. Liam had told Tommy Sullivan that I'm going out with a Quahog? I told him you were working at the Gull 'n Gulp, and that you were running for Quahog Princess, too. I groaned. I could only imagine what Tommy must have thought about my running for Quahog Princess, an honorary title with absolutely no benefits other than that the Quahog Princess gets to ride in a convertible Chevrolet with the mayor during the annual Eastport Town Fair parade I fully intended to take a Dramamine beforehand if I won , and open the Quahog Festival, which takes place on the third Sunday of August.

    Oh, yeah: she also gets fifteen hundred dollars cash in prize money, to spend on whatever she wants. And, okay, I know have zero chance, with Sidney running, too she could care less about the money. She's in it for the tiara. But at least I have a better chance than Morgan Castle. I mean, Morgan Castle can barely open her mouth in public, she's so shy. Although she has a much better talent than I do. I mean, for competing in a beauty pageant. And yeah, I realize beauty pageants are sexist, and all of that. But come on. Fifteen hundred bucks?

    Science Notes Civilized Outrage

    Even second place is a thousand. Third is five hundred. So even if both Sidney and Morgan beat me which is likely , I'll still be five hundred more dollars up than I would have had if I hadn't entered the only other entrant is Jenna Hicks, who has multiple nose and eyebrow piercings, only wears black no matter how hot it is outside, and whose mother is making her enter in order to make her socialize more with girls her own age who don't list KAFKA as their answer to Interests on their Myspace page. Which, not to be mean or anything, doesn't exactly make Jenna Quahog Princess material.

    Which is good because my parents are making me cut back my hours at the Gull 'n Gulp to one night a week once school starts up again next month, so I will totally need the scratch. At all. Was it ha ha ha? Or MWA ha ha? Let them laugh. What do fourteen year olds in belly-baring tanks and yoga pants know about pain? Not just the kind you get when your belly-button piercing you got illegally in the city gets infected and you have to tell your mom so she can take you to the doctor, and then she grounds you.

    I mean real pain, like trying to figure out what Tommy Sullivan could be doing back in town. He and his parents had moved away-to Westchester, outside of New York City, a whole other state-the summer before our freshman year.

    About the Book

    They had never said they were moving because of what happened the year before. In fact, my mom, who was their realtor and sold their house for them, said Mrs. Sullivan had told her they were moving so Mr. Sullivan could have a shorter commute to his job in Manhattan. But everyone had always sort of just assumed that what had happened with Tommy-and the new Eastport Middle School gymnasium wall--was a large part of why they left.

    So why had he come back? It's true his grandparents still live here-we see them sometimes when Mom and Dad make us eat at the yacht club, which they belong to not because we own a yacht Dad's boat is strictly for fishing; it doesn't even have a bathroom on it. Which isn't the only reason I won't get on it, but it's one of them , but because belonging to the local yacht club is good for schmoozing if you're in the real estate business, like they are.

    And okay, I suppose Tommy must come and visit his grandparents sometimes…although truthfully it never occurred to me before. Why wouldn't they just go to see him in Westchester? I mean, Eastport could hardly have good memories for him. Why would he want to come here? But even if he just happened to be here because he was visiting his grandparents, why would he go to Duckpin Lanes, which is where every guy in town hangs out? I looked up and saw Seth grinning down at me, all melting brown eyes and sleek biceps, clearly fresh from a workout.