Epstein Secrets

the players know that it is the Old Maid which is circulating, or that when the music stops some of the players will find themselves unseated." 3M Keynes [Keynes 1936] The following is a brief review of current research and emerging ideas within the field of liquidity. This section is something of a

37, 261-314. Dragulescu A, Yakovenko VM, 2001. Evidence for the exponential distribution of income in the USA. Eur. Phys. J. B 20:585-89 Dynan KE, Skinner ), Zeldes 5, 2004. Do the Rich Save More? Journal of Political Economy, 112, 397-444. Economist 14 Ma 2005. Su ar-coatin the piggy bank. Economist

ods is largely automated, as are many services. What’s left for humans to do? In 1930—long before the advent of computers, let alone AI—John Maynard Keynes wrote, in an essay called “Economic Possibilities for our Grandchildren,” that as a result of improvements in productivity, society could produce all

l idea was that actions that were rewarded would be repeated and those that were punished would not, until the desired behavior was achieved. Even in Skinner’s day, this simple process, repeated over and over, could lead to complex behavior. Computers are designed to perform simple operations over and over

ods is largely automated, as are many services. What’s left for humans to do? In 1930—long before the advent of computers, let alone AI—John Maynard Keynes wrote, in an essay called “Economic Possibilities for our Grandchildren,” that as a result of improvements in productivity, society could produce all

l idea was that actions that were rewarded would be repeated and those that were punished would not, until the desired behavior was achieved. Even in Skinner’s day, this simple process, repeated over and over, could lead to complex behavior. Computers are designed to perform simple operations over and over