We generalize the seminal Gibbons-Ross-Shanken test to the empirically relevant case where the number of test assets far exceeds the number of observations. In such a setting, one needs to use a ...

For all their vows to cut "waste and abuse" in entitlements, they seem oddly reluctant to go after an obvious target.

Ideas that emerged from the University of Chicago in the 1960s changed the world. But as a new film shows, they almost didn’t ...

As a pilot, Bengtzen highly recommends not arriving at the airport 15 minutes before your flight departs, claiming it's a risky approach that ultimately effects others. “If you miss your flight, then ...