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Sci-Hub | The genetics of human fertility. Current Opinion in Psychology, 27, 41–45 | 10.1016/j.copsyc.2018.07.011
very short

Overall, there is a suggestion of two different reproductive strategies proving to be successful in modern Western societies: (1) a strategy associated with socially conservative values, including a high commitment to the bearing of children within marriage; and(2) a strategy associated with antisocial behavior, early sexual experimentation, a variety of sexual partners, low educational attainment, low commitment to marriage, haphazard pregnancies, and indifference to politics. This notion of distinct lifestyles characterized in common by relatively high fertility deserves further empirical and theoretical study.
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5 weeks ago by nhaliday
Vladimir Novakovski's answer to What financial advice would you give to a 21-year-old? - Quora
Learn economics and see that investment and consumption levels (as percentages) depend only marginally on age and existing net worth and mostly on your risk preferences and utility function.
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11 weeks ago by nhaliday
The Religions of the Three Castes – The Neo-Ciceronian Times
The sudra caste is that which is most fitted to physical labor and bodily exercise and, as noted above, occupies the lowest position in the social hierarchy. The sudra soul is characterized by a sensual approach to life and tends to exhibit short time preferences. Thus, sudra are most often concerned with gross physical satisfaction and instant gratification. It is not surprising that it is among individuals of this caste that drug addiction, property crimes, and alcoholism are the most prevalent.

As a result, sudra religion tends to focus on feedbacks relating to the body and to the satisfaction of felt needs. It tends to be characterized the most by fleshly music, swaying, rhythmic movements, and the like. It also inclines toward specific concerns about health and physical safety, day by day provision, and so forth. Again, keep in mind that there is nothing about this that is necessarily “bad.” These are things appropriate to this caste which reflect its character and which enable it to fulfill its roles in society.

The vaisya caste is that which is most fitted to the soulish/psychical occupations which involve money and finance, technics, science, and production. The psychology of this caste involves a propensity toward materialism, empiricism, and a focus on what can be seen and felt over the intangible and faith-oriented. This caste emphasizes the pragmatic benefits provided by entrepreneurship and science, as well as exhibiting the long time preferences which enable those fields of endeavor to be successful.

The vaisya carry these concentrations over into the religious realm. Religion for the vaisya consists primarily in what can be seen and touched, whether as tangible benefits deriving from religious piety or as aids in worship itself. The intercession of gods or demigods into specific areas of life (usually pertaining to wealth or business) is considered necessary for success in those fields. Vaisya religion tends to require the reification of religious experience, rather than taking matters of religion on faith. Indeed, pure spiritualism or symbolism in religion is considered unreal, and therefore not truly efficacious.

The aristocratic caste (brahman and kshatriyan considered together) is the noble caste, and thus its tendencies are those that concern leadership and guidance, a desire to guide others in the right way. This caste tends to be focused more on eternal truths (whether specifically pertaining to religion or otherwise), and is subconsciously, and perhaps even divinely, guided toward the polar and axial tendencies which have been described by Evola in numerous places. As such, the aristocratic caste eschews materialism and the grasping for pecuniary gain and democratic political power. Instead, its focus tends to be on intangible qualities of excellence and spiritual alignment with divine and eternal realities.

Thus, aristocratic religion tends to focus more on faith and accord with spiritual realities and truths. This caste attempts to see “the reality behind the image” and is concerned with direct connection with the Divine. It will often emphasize the role of written and spoken revelation (holy books and preaching) as the means of bridging the gap between the Divine and man, ways which are used by the Divine to express His eternal laws and truths, with which man is expected to come into accord and which must be accepted through spiritual faith. The aristocratic caste, whether as priest or as king/ruler, seeks to lead and guide their people into harmony with the eternal truths espoused by religion. This caste is scrupulous to uphold the rites, while at the same time grasping and teaching the deeper spiritual realities represented by those rites.
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may 2018 by nhaliday
The rate of return on everything - Marginal REVOLUTION
Here is what I learned from the paper itself:

1. Risky assets such as equities and residential real estate average about 7% gains per year in real terms.  Housing outperformed equity before WWII, vice versa after WWII.  In any case it is a puzzle that housing returns are less volatile but about at the same level as equity returns over a broader time span.
2. Equity and housing gains have a relatively low covariance.  Buy both!
3. Equity returns across countries have become increasingly correlated, housing returns not.
4. The return on real safe assets is much more volatile than you might think.
5. The equity premium is volatile too.
6. The authors find support for Piketty’s r > g, except near periods of war.  Furthermore, the gap between r and g does not seem to be correlated with the growth rate of the economy.

I found this to be one of the best and most interesting papers of the year.
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december 2017 by nhaliday
Credit Scores and Committed Relationships
We document substantial positive assortative matching with respect to credit scores, even when controlling for other socioeconomic and demographic characteristics. As a result, individual-level differences in access to credit are largely preserved at the household level. Moreover, we find that the couples’ average level of and the match quality in credit scores, measured at the time of relationship formation, are highly predictive of subsequent separations.
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august 2017 by nhaliday
Seven charts that show how the developed world is losing its edge
Savings China’s gross savings (at market exchange rates) are nearly as large as those of the US and EU combined. China saves almost half of its national income. This extraordinarily high share is likely to fall but that decline is set to be gradual, since Chinese households are likely to remain frugal and the share of profits in national income is likely to remain high.

80% of the US had no real increase in income 2005 to 2012-2014

Time to worry about the American consumer?: https://ftalphaville.ft.com/2017/08/03/2192172/time-to-worry-about-the-american-consumer/
Two basic ways to spend more money: you can earn more and save the same, or you can earn the same and save less. Newly revised data from the Bureau of Economic Analysis show that American consumers have spent the past two years embracing option 2. The average American now saves about 35 per cent less than in 2015:


Not since the beginning of 2008 have Americans saved so little — and that’s before accounting for inflation. It could be a sign of trouble ahead.

this seems not good

China's Financial Debt: Everything You Know Is Wrong: http://www.unz.com/article/chinas-financial-debt-everything-you-know-is-wrong/
As China Piles on Debt, Consumers Seek a Piece of the Action: https://www.nytimes.com/2017/09/25/business/china-debt-consumers.html
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july 2017 by nhaliday

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