Jan Kmenta started and finished his life in Prague.
Still, his life was everything but provincial – shortly before his final days, in one interview he confessed: I spend one third of each year in Australia, one third in Michigan and one third in Prague. I am very lucky.
Continue reading JAN KMENTA (1928 — 2016): THE LONG JOURNEY FROM HOME AND BACK
In July 2016, Jakub Steiner, CERGE-EI Associate Professor, published an article called “Perceiving Prospects Properly,” co-authored with Colin Stewart, in the American Economic Review. Subsequently, Tim Hyde wrote a short article introducing the main points of the paper, which can be enjoyed below. Continue reading Can it be rational to overweight very unlikely events?