All posts by Karolina Břízová

JAN KMENTA (1928 – 2016): THE LONG JOURNEY FROM HOME AND BACK

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

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Can it be rational to overweight very unlikely events?

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?

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