Examining how a firm's use of consumer data for price discrimination affect welfare by showing that the structure of consumer demand curves determines whether the data is good or bad, from Maryam Farboodi, Nima Haghpanah, and Ali Shourideh www.nber.org/papers/w34514
Elated at Joel Mokyr's Nobel Prize! You can find numerous accounts -now multiplying by the minute- of his scholarly contributions. Today I want to celebrate the man and the mentor.
I don’t know if anyone actually sees this given that I never post but here it goes. If you see Iranians these days be a bit gentler with them. We are going through something horrific. Our nation is in the hand of a few individuals who don’t seem to care about anything other than having a useless
Question for political scientists/economists: obviously trump has in numerous times tried and or successfully violated the role of law. But this is not limited to him. Obama infamously killed a U.S. citizen without due process. So my question is whether these violations are ever quantified.
Hard to argue with Matthias here. Big loss for us and good for Europe.
Matthias Doepke@mdoepke.bsky.social · last yr.30 years after arriving in the US, I just resigned from Northwestern and we sold our house. We are an American family, I became a citizen in 2014, and until recently did not expect to ever leave. But now, this no longer feels like the right place to raise a family and pursue a research career.
Just so it’s clear, the government wanted to oversee hiring and employment at a *private* institution in order to implement a purity test. When the institution refused, they took away money for life saving research (cancer etc). That’s some fascist shit.
Happy Norwooz! Tomorrow is the winter solstice and official start of spring ! Beyond its symbolic significance, it’s a time of cleaning. Let’s hope for this particular cleaning sometime soon (and those in the west who wish to act accordingly)!
Spare a thought for your green-card holding and naturalized colleagues, many of whom are now doing risk-benefit calculations before speaking on anything that could be considered remotely political
The thunderstorm of terrible U.S. government actions continues. Free speech is only applied selectively! I read the coverage of several outlets and it seems like the only crime here is supporting Hamas. www.reuters.com/world/us/us-...
US authorities arrest Palestinian student protester at Columbia University, students say
The detention of graduate student Mahmoud Khalil appears to be one of the first efforts by Donald Trump to fulfill his promise to seek the deportation of some foreign students involved in the pro-Palestinian protest movement.
reuters.com
To call myself angry these days whenever I open my browser and I am not reading a math theorem is an understatement! I find it extremely difficult to see anything positive. And I was able to in '17 despite being on the receiving end of the muslim ban!
I have to admit that while people are quite shocked by the WH events today, to me this is simply just a sign of what this administration is doing. In fact, perhaps it is quite good that Zelensky decided fight back against the bogus claims. To me, we crossed a line when we voted for Russia in the UN!
Is what we are saying a failure of the equity discourse of the 2010's? Perhaps. As @adamprz.bsky.social put it elegantly, the equity discourse of the 2010's seem to only have been around symbols as opposed to meaningful changes in policies or cultural changes. ESG investing became synonym with ...
Kevin Zollman@kevinzollman.com · last yr.I feel like every lefty person should print this on a t-shirt and never take that t-shirt off. Social media reinforces some of the worst impulses for activists. A post that gets a lot of likes from like-minded people may be exactly the opposite of what you should be doing.
What is happening is quite painful to watch with the latest bowing of King Trump to Putin being the worst part of it all. For me this is the first time that I am feeling like we are collectively failing ourselves into oblivion. ...
The Lincoln Project@lincolnproject.us · last yr.Kamala was right. And it only took him less than 30 days to roll over for Putin.
How can a world where writing is done by machines allow us to keep track of our human experience? It’s a world with “Homo sapiens with full-sized aortic pumps”!
Alex Imas@aleximas.bsky.social · 2y agoLook, I think it’s a huge problem that the people who are in charge of building the tech that is increasingly governing our lives—and developing policy—have absolutely no idea what makes life meaningful, joyful, or worth living. Or how learning and human growth actually takes place. 1/n
0/ A holiday economic theory reading list. Some of my favorite pieces on theory that can be read with minimal sweat, but with the maximal intellectual reward. In no particular order:
Not having a formal education of microeconomic theory means that I didn’t know Ramsey did this before Savage!!!!
Marciano Siniscalchi@marciano.bsky.social · 2y agoNot bad. The one-paragraph biography of Frank Ramsey is 🔥🔥🔥 www.scientificamerican.com/article/why-...
If you are interested in engagement and attention specially on places like this (!!) or you just like theory come to our session at the ASSA on Attention and Engagement on Platforms #EconSky www.aeaweb.org/conference/2...,
American Economic Association
aeaweb.org
Since I’ve heard about it, I’ve only used generative AI a handful of time. Do I count as a Luddite?
It’s a pretty low bar ! They just have to not use chemical weapons on Syrians !!
Marciano Siniscalchi@marciano.bsky.social · 2y agoI have to say that the events in Syria are giving me cause for cautious, very cautious optimism. Time will tell if the new management is better than the old management, but for now at least, one can hope.
Another forgotten aspect of living in dictatorship is the constant heart break. As another one of my family members is collecting things and moving out of Iran since they don’t want their daughters to grow up in that country, more and more heart ache follows. ..
There is so much uncertainty about Syria right now. But, what’s important is to remember that dictators don’t last; especially such brutal ones like the Assad family. That’s worth celebrating whatever Jolani does! I hope people in the west understand that!
Am I the only economist not being affected by overleaf??!
I think I agree with @shengwuli.bsky.social here. I also found Indira Puri’s job market paper and her work with @drewfudenberg.bsky.social also very interesting and useful steps in figuring out the distinctions.
Shengwu Li@shengwuli.bsky.social · 2y agoI like Ryan’s paper and (obviously) I think complexity matters for behavior. But I think Florian’s updating too much from one experiment. I want to see replications and results from ‘nearby’ designs before saying the lottery anomalies have nothing to do with risk.
My favorite kind of behavioral economics. Take a simple deviation from the standard properties of learning and explore all of its strategic implications.
Shani Cohen@shanicn.bsky.social · 2y agoI am on the job market, which seems like a great opportunity for my first post on here! My job market paper is about failures of contingent thinking -- the act of reasoning about hypothetical events. 1/
A few - which in not sure which one I like the most: 1. They are not Bayesian: base rate neglect, … 2. Mis-specified prior 3. Cheap talk: they hide info from others or themselves
Aaron Roth@aaroth.bsky.social · 2y agoAumann's agreement theorem says that two Bayesians who share a common prior and have common knowledge of each other's posteriors must share the same posterior --- i.e. they cannot "agree to disagree". But people disagree all the time. What is your favorite hypothesis about how come?
Paper worth reading: "The Optimality of Majority Rule" by Nina Bobkova. It offers a new perspective on why simple majority-rule may be best: it not only aggregates information but it also motivates voters to learn about what really matters. Link: drive.google.com/file/d/1pVVE... #polecon
Not necessarily controversial but rather not the main point. Perhaps it’s a useful argument to calm the nerves. The key distressing point is not the policies. My hope is incompetence and that he is in a position (popular) that he’s never been before.
Ivan Werning@ivanwerning.bsky.social · 2y agoEven if you really hate Trump you have to be ready to like some of the things he might do. You may still hate other things and this doesn't have to change your bottom line, but it can help reduce cognitive dissonance. Controversial?
