transi58_wp

Why Market Efficiency Is Important

1 Comment / Stock Market /

There has been a lot written on what market efficiency is, but much less on why it is important. My view comes from my background in financial markets: Market efficiency is important because it affects the flow of capital in the economy. Ideally, we want capital (money) to go where it gets the best risk-adjusted return. If the market isn’t efficient, it doesn’t go there – and the economy doesn’t perform as well as it could.

Why Market Efficiency Is Important Read More »

Diagrammatic Guide Signs

Leave a Comment / Work /

Several years after the final report, there was a study of accidents and fatalities at the changed interchanges. These found a 20% reduction in both at the recommended locations for diagrammatic signs: left exits from Interstate highways. Overall, this was an unusual research project because it encompassed multiple sign testing methods ranging from the laboratory, through instrumented cars, on-highway, and before/after accident and fatality records. While my part was small, it provided a standard that I have remembered.

Diagrammatic Guide Signs Read More »