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So where's the problem?
The damn winter doesn't understand the theory of comparative advantage?

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$E(X_t|F_s) = X_s,\quad t > s$
by martingale on Thu Jan 8th, 2009 at 05:36:50 AM EST
[ Parent ]
People freezing to death IS a market solution: it reduces demand.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Jan 8th, 2009 at 06:41:12 AM EST
[ Parent ]
The market can only bring good outcomes. Don't you know anything??
by Colman (colman at eurotrib.com) on Thu Jan 8th, 2009 at 06:46:05 AM EST
[ Parent ]
A solution on the boundary of the feasible set? Holy moly, that's probably not even differentiable! Savages!

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$E(X_t|F_s) = X_s,\quad t > s$
by martingale on Thu Jan 8th, 2009 at 06:52:25 AM EST
[ Parent ]

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