News for hackers. Stuff that matters.
Re:What harm do minimum wages do? by FabHK on Wednesday August 19, 2020 @10:19PM (#24219225)
No, the Capital Asset Pricing Model has nothing to do with this discussion. It takes the payoff distribution of capital assets as exogenously given (and known), then makes assumptions about investors' utility functions to find the price they're willing to pay for these assets, then employs an equilibrium argument and some neat maths to arrive at a linear relationship between the expected excess return of an asset and its beta.
Re:What harm do minimum wages do? by alasdair_ on Thursday August 20, 2020 @01:23AM (#24220162)
The concept of beta (and non-diversifiable risk in general) is related to the concept of “economic profit”.

They may not be directly related but to claim the CAPM “has nothing to do with this discussion” of economic profit is a bit strong.

Re:What harm do minimum wages do? by bumby on Thursday August 20, 2020 @12:07AM (#24219778)
Any suggestions on where one can learn more, particularly with the mathematics involved?
Re:What harm do minimum wages do? by alasdair_ on Thursday August 20, 2020 @01:23AM (#24220164)
Wikipedia is honestly pretty good.