This isn't the first lifetime Danny's been in Hawaii. When the stress ratchets up, the dreams get more and more real. Turns out Danny has some unfinished business . . . with Steve.

Sherlock can see all the spaces he used to occupy in John's existence, all papered over now, or filled with something else, and now here he is, the n+1th pigeon back in a world with n pigeonholes, forced to perch in a shared space.

word count: 5,600

Wherein Sidney Crosby gets laid, and Russian diplomacy saves the day.

This paper studies decision making by agents who value optimism, but are unsure of their environment. As in Brunnermeier and Parker (2005), an agent’s optimism is assumed to be tempered by the decision costs it imposes. As in Hansen and Sargent (2008), an agent’s uncertainty about his environment leads him to formulate ‘robust’ decision rules. It is shown that when combined, these two considerations can lead agents to adhere to the Rational Expectations Hypothesis. Rather than being the outcome of the sophisticated statistical calculations of an impassive expected utility maximizer, Rational Expectations can instead be viewed as a useful approximation in environments where agents struggle to strike a balance between doubt and hope.

Also reading this morning -- unforch, the refs in their PDF are messed up, and their source-code is missing some import, so I can't recompile it (from .tex source) unaided. GRrrrr.

leashy_bebes' ongoing(?) MWPP fic verse!