The Asymptotic Normality Of Total Claims

In this episode of Full Metal Analysis, a case is made for the asymptotic normality of the total claim amount for an insurance company. This will involve giving a brief history of the Central Limit Theorem, explaining how it looks in practice, discussing...

Initial Free Banking Simulation Results

To get a sense of what would occur in banking with respect to reserve ratios in an unregulated environment, I created simulations and later mathematics to investigate this. Bob Murphy, one of the current belligerents in the discussion, asked me to come on his show and...