Money and Computing

From Prof. Billingham's essay: "I'm told that when men meet women, they sometimes rate each other on a scale of 1 to 10. Of course, mathematicians are far too intelligent and sophisticated do this. We rate people on a scale of 0 to 1. In our original mathematical model, all we could do was compare one possible frog with another. The numbers didn't mean anything in themselves; they just told the princess whether one frog was "better" than another. Let's change the fairytale slightly so that the 100 frogs are now labelled with numbers drawn randomly from those that lie between 0 and 1, with the handsome prince having the highest number. What's the princess's best strategy now?" more »

Americans across demographic and partisan groups agree that women should have equal rights with men. About eight-in-ten Americans (82%) say it is very important for women to have equal rights with men in our country, and another 14% say this is somewhat important. Just 4% of Americans say gender equality is not too or not at all important. Asked whether the country has gone too far, not gone far enough or been about right when it comes to giving women equal rights with men, half of the public says the country still has work to do, while 39% say things are about where they should be; one-in-ten Americans believe the country has gone too far in giving women equal rights with men. These views differ by gender, education and, most of all, partisanship. more »

Testimony of Antonella Pianalto before the House Small Business Subcommittee on Health & Technology October 12, 2017: Women receive just 7% of venture capital funds and less than 5% of conventional business loan dollars, despite making up more than a third of all businesses. At the US Small Business Administration (SBA) flagship 7(a) lending program, only 17% of loans go to women-owned firms... if American women business owners were their own country, they would have the 10th largest GDP in the world, outstripping entire nations like Canada, Mexico and even Russia. more »

"I have spoken about some of the uncertainties associated with the inflation outlook in particular, and we will be paying close attention to the inflation data in the months ahead. But uncertainty about the outlook is by no means limited to inflation. As always, the Committee will adjust the stance of monetary policy in response to incoming economic information and the evolution of the economic outlook to achieve its objectives of maximum employment and stable prices. Moreover, we are mindful of the possibility that shifting expectations concerning the path of US policy can lead to spillovers to other economies via financial markets and the value of the dollar." more »