I thought it meant passing up the three point shot.

Papers might as well declare "Data available upon victory in a duel."

This recent fraud case is also a cautionary tale for any research based on proprietary data source.

The race between automation and new work | Microeconomic Insights | The findings raise urgent new questions about how labor demand changes as new work emerges, and how AI technologies will reshape tasks and occupations in the decades ahead. microeconomicinsights.org/the-race-bet...

The old global economic order is dead

Get ready for tomorrow's talk:

Sad news. I overlapped with Pat for a year at Michigan. He managed to supervise PhD students during his short time there and made an impact.

The upcoming crisis is so needlessly self inflicted. You cannot replace actual experts with pseudo-experts and believe that nothing will go wrong. Would you accept medical treatment from your barber however good he or she is at cutting your hair?

Bluesky has overtaken its flailing rival X in hosting posts related to new academic research, indicating the platform is fast becoming the go-to place for scholars to share their work, reports @patrickjack.bsky.social #AcademicSky

Soon we will discover that markets don’t care about demagoguery on podcasts by know it alls.

The most difficult part of moving from a protectionist trade environment to one without trade barriers is the transition where industries that can’t compete lay off workers. But once that transition is complete, going back to protectionism won’t bring those jobs back.

Watch out. There is a new tariff in town.

Boeing and Intel each had one major competitor (AirBus and TSMC). They are both losing market share to competition. And it has little to do with trade barriers. Instead of focusing on tariffs, government should ask why these big manufacturers are losing out to competitors.

Presidential pardons seem to be a questionable part of the US constitution. It is a reminder that constitution is a document written by humans under the constraints of its day.

Bread art:)

People should run institutions that they understand. Success in one domain doesn’t automatically translate into success in another domain. But it surely creates overconfidence.

I do wonder if she would want to stay there, if the rent was above market rates. That would be proof of true emotional attachment. Staying at a rent controlled apartment is not.

How come everyone is so certain that the drop in tech stock prices was caused by Deepseek. What is the causal evidence? Deepseek news had been out for several days before the price drop.

The article features an odd collection of economists. Not quite representative of the economists that I think have influence on policy and public opinion. www.nytimes.com/2025/01/10/b...

i'm excited to be judging a Quora knowledge contest questions are below. if you like thinking about economics, write good answers to these questions!! first prize is $1000 second prize is $200 (which can buy a set of steak knives) contests.quora.com/Now-Open-Jan...

Looks like PL doesn’t want Ipswich to go down. That was not a penalty!!!

'Masterful' novelist David Lodge dies aged 89 www.bbc.com/news/article...

I have become quite addicted to Padel this year.

The tensions within the Republican Party that we are witnessing are not that different from tensions within Democratic Party. In a two party system these tensions are unavoidable.

Brining the turkey made it tastier but also salty. It was good while eating but I feel super thirsty afterwards.

Politics is full of contradictions. Tech industry is the key reason for inequality. But people who are upset about the inequality handed the keys of the government to tech billionaires.

We are pursuing the wrong applications for AI.

Deadweight loss as a terminology is confusing. Especially when talking about externalities where one compares the traditional dwl (resulting from loss of cs and ps) with the loss to society caused by the externality. And then we call the difference dwl from the externality.

Instead of using ML methods, if one were to use OLS on a training data set and use it for prediction on the test data, how much worse would OLS do? (For context, I am reading some papers that use ML to improve decision making and was curious why the baseline is human decision making.)

Picard is a French gem.

I like Spotify wrapped. But this year it told me that I listened to more than 2300 artists. I would like to know how that is possible and the distribution etc. Would be good if there was a widget where we could delve deeper into our own data.

How is the fact that Coldplay donated £14K newsworthy? Their net worth is 100s of millions. www.bbc.co.uk/news/article...

Tree is up. Next holiday music.

What is the effect of allowing independent spending by firms on judicial elections? How does this affect the legal environment for firms? Mayur explores these questions in his job market paper: ssrn.com/abstract=492...

This graph is interesting. First let me say that as an immigrant, I think immigration is a good thing. Having said that, wasn't Brexit supposed to lower immigration numbers? Looking at this graph it looks like a complete failure.

To boldly Gogh… #StarTrek

This was the worst Fulham performance I saw in a long time.

I know that the issue here is academic misconduct. But the article also raises questions about the editorial standards. Rituals are subjective to individuals and they are created by repetition. How can one create a ritual in a lab by telling someone to put salt on a napkin?

I give you a loaded coin, with some (unknown) probability 0<p<1 of landing Heads, and I ask you to generate a fair coin toss. Great! We know how to do this! This is the Von Neumann trick: toss twice. If HH or TT, repeat; if HT or TH, return the first. Problem solved? Not quite... This can be bad!

We've made it to Bluesky! Please re-post so others can follows us... 🤘

Since the Bluesky revival once again I feel like I am part of the conversation. I wasn’t feeling that at all at the old place.

Congestion pricing is coming to NYC, with a $9 peak toll www.nytimes.com/2024/11/13/n... [gift link] That isn't $15, but we can still expect for it to raise the $1b a year required by law: gwagner.com/nyc-15-9-3 Other (rough/first) model results: ~7% fewer cars, ~9% greater travel speeds.

The idea that business people can make government more efficient misses the crucial point that a government's goal is not to maximise profit or even minimise costs. Governments do things that look "wasteful", but may be critical for its goals.

I have a very funny joke about convex preferences. I made it up by combining two less funny jokes.

And when they do they may find no one there!

Here is the thing. If you are not pedalling it is not a bicycle and you should not be on the cycle lane.

I have a good starter pack. Starter pack for those who are not in a starter pack.