Ed Van Wesep
@Ed_Van_Wesep
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Professor of Finance University of Colorado Boulder
Boulder, CO
Joined October 2015
I’m proud to announce that I have signed a book deal with Harvard University Press for an economics book provisionally titled Disequilibrium: Power, Profit, and the Consequences of Market Malfunction. Hopefully I’ll have something to add to the reference shelf soon(ish).
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In a recent paper we systematically document that there was a massive shift away from IPOs to acquisitions of VC-funded startups. https://t.co/qAWLBpRn2h
Strongly disagree. (1) The actual reform would be to make IPOs easier, by essentially eliminating Sarbox. And we'll actually get that reform... but only via crypto, because all companies will become cryptoequities. However, that means they'll list on Internet capital markets and
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The FRA conference is so good! Submit! And, yes, the JFE is doing a dual-submission option.
A few more days before the submission deadline for the 2024 FRA conference (this Saturday, 8/31).
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#CallForPapers The 20th Annual Meeting of the Financial Research Association with Dual Submission Option at the Journal of Financial Economics Accepting submissions through August 31, 2024 here: https://t.co/fRdVwJDk81 Full details here: https://t.co/eGfoeeXdw9
#FinanceTwitter
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This is how you coordinate. Public messages with "plausible" deniability.
So they basically held an intervention with Biden, and it didn't work, so now they're leaking the details publicly.
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Submissions to the FRA went live on July 1. You can submit your paper here (deadline Aug 31). https://t.co/YMKtkQcJkH As with last year, we're delighted to partner with @J_Fin_Economics with a dual submission. Full details here: https://t.co/lr31BhnUsz
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Justice Alito has called for upside down American flags to be flown at half mast
BREAKING: Donald Trump found guilty on all 34 counts of falsifying business documents in New York
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And, if you want microfoundations even if the existing assumptions of a paper are possibly true, then you're in for a turtles all the way down scenario. The microfoundation police is the turtles all the way down police. I prefer axioms to turtles. 5/5
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As a referee, demand a microfoundation only if you cannot imagine a realistic reason that the assumption is true. Otherwise you are demanding a reduced generality of result. 4/5
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Maybe the most annoyed I've ever been regarding a demand to microfound an assumption concerned my 2013 JFE with Adam Reed and Jesse Blocher: https://t.co/yNm7gVkruu We assumed that demand for a stock slopes down. That could be false but it clearly could be true. 3/5
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A microfoundation is actually an additional assumption and more assumptions to reach the same conclusion, Z, is not better. More assumptions is worse. 2/5
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Thread: "Microfounding" assumptions is not usually productive or desirable. Suppose you show that Y causes Z. Microfounding Y by showing that X causes Y which causes Z does very little unless it was actually hard to think of reasons that Y is true. Which it usually is not. 1/5
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The US version of May Contain Lies is published today! Thanks so much to everyone who's contributed to the (embryonic) success of the UK version, helping it become an Amazon #1 category bestseller and Amazon Top 100 across all books.
amazon.com
May Contain Lies: How Stories, Statistics, and Studies Exploit Our Biases—And What We Can Do about It
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Just arrived off of my pre-order list at Amazon - May Contain Lies, by @aedmans. Only read the intro so far, but already full of interesting details.
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I am writing a book about disequilibrium. I need to find books for a literature review - books for a popular audience that show how one underlying and underappreciated force makes its way throughout the economy and has widespread, unexpected effects. Please send me suggestions!
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I'm excited to release a public draft of a review article (with @marinaniessner and @w_mullins_ ) of research on social media and finance. https://t.co/SF8iJyD0IY The organizing principle is to distinguish "social media as a lens" versus "social media, the phenomenon."
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Love the early campaign ads that Biden is putting out. Voters need to hear Trump in his own words, and the campaign has plenty of money to get the words out now.
Excited to be quoted this morning on @NPR’s @MorningEdition with @DomenicoNPR talking about political advertising! And even cooler that @davidaxelrod apparently agreed with my comments ;) https://t.co/Zf5IVgDAI9
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Following this point, you can have a stock with a float of 5 million shares but 100 million shares short. It would just also have 105 million shares long. Short interest equals long interest plus shares outstanding. Every negative bet has a corresponding positive bet.
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Per S3, via NYT: 4.9 of the 5 million shares available to borrow in #djtstock are already shorted. The problem with this claim is that, depending on the buyers, there are now up to 9.9 million shares available to short. Every short sale creates a new long share that can be lent.
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