if only Hofstadter were an economist…
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Options, I imagine.
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Beer consumption roses almost regardless...
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VIX = volatility = fear gauge Tesla's, Mansions in CT, Vacation homes in Aspen = what money managers buy when they feel bullish
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"Market" reifies an aggregate. Some participants price these second order effects. Q: Is it enough volume to equilibrate? I assume yes.
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Key question is on the disequilibrium end. Does it price well enough to not hit market-breaking boundaries like 'revolt'?
End of conversation
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1) aka are markets efficient? Would guess some people can go a few iterations deeper than others in understanding emotions at scale
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Does cosmetics stocks rising when volatilty looms count? (People buy more makeup during financial uncertainty)
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