Twitter To Ban All Political Ads Ahead Of 2020 Elections

Twitter | October 31, 2019

Twitter To Ban All Political Ads Ahead Of 2020 Elections
Twitter is done with political advertising. Period. Twitter CEO Jack Dorsey tweeted out the news on Wednesday afternoon, making it clear that the site will be putting an end to all political advertising globally. Dorsey also, in a series of tweets, explained the company’s decision to take such a stance, quipping that political message reach should be earned, not bought. Of course, the platform’s new stance, which Dorsey said they will start enforcing on Nov. 22 after sharing a final policy on Nov. 15, is in sharp contrast with Facebook’s own stance. Facebook has been under increasing scrutiny for refusing to even fact-check ads blasted out by politicians or campaigns, meaning that lies are a free-for-all.

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Numerous academic studies document that retail investors make systematic “mistakes” in assessing the risk and return characteristics of their portfolios. In this paper, I introduce a computing tool which can help individuals better assess these characteristics by displaying simulated portfolio returns. This paper features a demo version of this calculator for the federal government’s Thrift Savings Plan. The output shows that riskier investments can lead to higher wealth outcomes than less risky investments although this outperformance is sensitive to assumptions about the mean return, particularly at long horizons. In addition, the risk of such investments does not decrease but rather increases with time horizon.

Spotlight

Numerous academic studies document that retail investors make systematic “mistakes” in assessing the risk and return characteristics of their portfolios. In this paper, I introduce a computing tool which can help individuals better assess these characteristics by displaying simulated portfolio returns. This paper features a demo version of this calculator for the federal government’s Thrift Savings Plan. The output shows that riskier investments can lead to higher wealth outcomes than less risky investments although this outperformance is sensitive to assumptions about the mean return, particularly at long horizons. In addition, the risk of such investments does not decrease but rather increases with time horizon.

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