From: Ian Ayres [Ian.Ayres@yale.edu]

Sent: Thursday, December 01, 2005 2:06 PM

To: ian.ayres@yale.edu

Subject: more Ayres spam

Dear Friends,

Here’s a mixture of old and new topics.

1. In this Forbes article, Barry and I argue that buying stock on margin when your young is a way to REDUCE risk and better diversify your portfolio across time. We back up our claims in the excel link. If we’re right, this is an important idea and Barry and I are hustling to do more with this notion as we speak. Mortgage Your Retirement 150 Forbes (Nov. 14, 2005) (with Barry Nalebuff) (excel data)

2. In this essay, I explain why Judith Miller might have been well advised to invoke her 5^th amendment rights (and why she should have deferred to the waiver preferences of the President). First Amendment Bargains, Yale J. L & Humanities (forthcoming 2006).

3. In this essay, I extol the work of two of my recent students Daniel Ho and Yair Listokin. Menus Matter, University of Chicago Law Review (forthcoming 2006).

4. In this radio commentary, I finally bite the bullet and suggest that we end tipping. End Tipping?, Public Radio Commentary for Marketplace (Oct. 5, 2005) (Real Audio)

And for the intrepid, here are some recent blog entries:

http://balkin.blogspot.com/2005/11/bogsat-anxiety-and-rule-of-five.html

http://balkin.blogspot.com/2005/11/mutual-fund-for-time.html

http://balkin.blogspot.com/2005/11/tipping-is-un-american.html

Hope you had a happy Thanksgiving.

Ian Ayres

William K. Townsend Professor

Yale Law School

PO Box 208215

New Haven, CT 06520

203.432.7101 (o), 203.432.4769 (f), 203.624.5654 (h)

ian.ayres@yale.edu