Once the price of passive equity stakes to the government and a firm's policy exposure are determined in equilibrium, the owners' consent reveals nothing about whether they benefit, from @joshgans.bsky.social www.nber.org/papers/w35518
What makes AI economically valuable? AI is used by humans to make decisions. The optimal way to train or benchmark AI depends on that joint use, in a formal decision-theoretic way, from Kevin A. Bryan and @joshgans.bsky.social www.nber.org/papers/w35490
If you win the FIFA peace prize you are allowed a mulligan
Trying to purify a metric to reducing gaming in markets can backfire when a metric feeds into prices but not when it feeds into rank/position, from @joshgans.bsky.social and Scott Duke Kominers www.nber.org/papers/w35363
In today's Tea for Teaching podcast, @joshgans.bsky.social joins us to discuss the impact of generative AI on learning, labor markets, and All-Day TA, an app designed to enhance student learning and to provide feedback to professors. teaforteaching.podbean.com/e/all-day-ta/ @cyberthread.bsky.social
All Day TA | Tea for Teaching
Imagine having a virtual clone of yourself to assist your students whenever they need help and would track where students are struggling. In this episode, Joshua Gans joins us to discuss an attempt at...
teaforteaching.podbean.com
In today's Tea for Teaching podcast, @joshgans.bsky.social joins us to discuss the impact of generative BO on learning, labor markets, and All-Day TA, an app designed to enhance student learning and to provide feedback to professors. teaforteaching.podbean.com/e/all-day-ta/ @cyberthread.bsky.social
I watched this talk 17 years ago and then couldn't find it again but it just popped up. It is the best talk I have ever heard on marketing and beyond. Do yourself a favour and watch it. You won't regret it. www.ted.com/talks/rory_s...
Life lessons from an ad man
Advertising adds value to a product by changing our perception, rather than the product itself. Rory Sutherland makes the daring assertion that a change in perceived value can be just as satisfying as...
ted.com
Economists have studied how to persuade decision-makers; considering who transmits information without persuasion, from @joshgans.bsky.social www.nber.org/papers/w35312
If workers enjoy tasks, automation can both increase work satisfaction while reducing pay, from @joshgans.bsky.social www.nber.org/papers/w35309
Building an MCP to research papers. justinross.substack.com/p/an-ai-inte... Yet another opportunity for @RefineDotInk
An AI Interface for Research Papers
The Research Paper Isn't Dead (Yet!)
justinross.substack.com
Arguing that the assumption that empirical measures of AI’s wage effect typically hold fixed the bundle of activities a worker is paid for at its pre-AI shape hides much of the action, from @joshgans.bsky.social www.nber.org/papers/w35211
It is often optimal to choose two contrasting experiments than more other experiments to determine entrepreneurial strategy, from @joshgans.bsky.social and Luca Gius www.nber.org/papers/w35207
Interesting new paper on precisely when and from whom the innovations that led to the current commercial space revolution came from. www.nber.org/papers/w3521...
Old Space, New Space: A Commercial Revolution in Innovation?
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
nber.org
University grades permit informative comparisons across courses only when transcripts recover comparable student signals through course-adjusted “eigengrades,”. Exact difficulty adjustment removes incentives to choose easier courses, from @joshgans.bsky.social and Kominers www.nber.org/papers/w35183
Developing a dynamic model in which a founder chooses between stealthy and public experiments while potential entrants infer from both actions and outcomes, from @joshgans.bsky.social www.nber.org/papers/w35172
I read this paper yesterday. Very interesting including the notion that the very existence of AI might actually encourage more learning even if it isn't used!
@drewfudenberg.bsky.social · 3mo agoThe most favorable environment for entrepreneurial entry is neither low or high variance but somewhere in between, from @joshgans.bsky.social www.nber.org/papers/w35091
Fantastic panel on the role of agentic AI in research, hosted by @strategicmgmt.bsky.social and Sukhun Kang, with @mattbeane.bsky.social, Gwendolyn Lee, @cgartenberg99.bsky.social, @joshgans.bsky.social. Image from Claudine Gartenberg. It's a new world (with lots of unanswered questions).
Two thoughtful essays about the impact of LLMs on graduate education: ergosphere.blog/posts/the-ma... economics.mit.edu/sites/defaul... From personal experience I think the self-control problem mentioned in the first essay is very real.
The machines are fine. I'm worried about us.
On AI agents, grunt work, and the part of science that isn't replaceable.
ergosphere.blog
This would seem to be required for basic preparation. Good grief.
Aaron Rupar@atrupar.com · 4mo agoGORSUCH: Do you think Native Americans are birthright citizens under your test? SAUER: Ah, I think ... so. I have to think that through.
Interesting new book by Alex Krausse, The Engine of Scientific Discovery. Available here doi.org/10.1093/oso/...
Sparking discovery: How new methods and tools trigger science’s major breakthroughs
Abstract. Discoveries transform our lives—through breakthrough medicines, technologies and completely new ways to understand the world. Yet one of science’
doi.org
after a night of russian missile attacks on Ukraine, I decided my saturday needed something stupid and fun. so I built a random econ paper title generator. current favorite: Craft Beer Variety as an Instrument for Public Trust in Economists small joys. dariia-m.github.io/econ-title-g... #Econsky
I don't think we will have a Journopoclypse open.substack.com/pub/joshuaga...
Journopoclypse!
Yeah, na. I don't think so
open.substack.com
Don’t change the regime and just take the oil?
Aaron Rupar@atrupar.com · 5mo agoBret Baier on a call he just had with Trump: "He said there is a plan. He points to Venezuela as a template."