Really disappointed by my experience in @Delta First Class booked as a special treat for my baby moon with my wife. Trash left from the previous passengers, no blanket for my wife who was uncomfortably cold, and did not serve food despite indicating a dinner menu.
Nobel committee: these theoretical models of bank runs seem very important
People reading the models: wow, good thing we have deposit insurance!!
SVB looking at its 97% uninsured deposit base:
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@btshapir@PinkseJoris Shouldn’t require intent. From an Aus law perspective, it would come down to whether the courts would view the person as having a duty of care to avoid spreading it to you. If so, then probably yes. Not sure of US courts’ approach, but assume similar logic.
One of my favourite examples of how people react to economic incentives:
Architectural tax avoidance👇
🇬🇧 UK : tax on windows
🇻🇳 Vietnam: tax on frontage
🇫🇷 France: tax on floors (roof exempted)
🇧🇷 Brazil: tax on church construction (when finished)