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The stories that smart people tell themselves about how anyone could do what they did: do they have the same foundations as the ones rich people tell themselves about how anyone could get rich? Resolving cognitive dissonance about the luck that played a big role in their success?

A key step in research is of the form "if we assume X, then..." and the researcher's key contribution is finding the right assumption X. LLMs are great at finding implications of X--but how good are they at finding the assumption X that is most useful to make? Has anyone tried?

When you board a Swiss ski lift, a ski instructor might hand you a random child. It's now your responsibility to make sure the child stays safe and doesn't fall to death. You hand the child back at the top. I think this is awesome-but it has to feel pretty weird to non-Swiss, no?

LLM agents behave unlike humans in standard experimental finance (bubble) experiments.

Trump's 1987 (!) NYT ad. Stunningly similar to what he's doing now (except for the "let's help .. our sick, our homeless" part). [Of course, this is not an endorsement]

Price is not determined by the cost to make something. Price is always a function of supply and demand. When there is a lot of supply of something and zero demand then price goes down. EXAMPLE:

This sounds eminently plausible to me. It's precisely the reason why I studied economics. Really interesting questions about humans and societies, but with a powerful toolbox that goes far beyond where you can get by relying on natural language alone (as the humanities do).

DeepResearch is helpful but you really can't trust it. A review I just had it do claims that "promise tactics" are a well-used influence strategy, but the paper it cites does not contain the word at all. For another paper, DeepResearch claims the opposite of the paper's abstract

Trying to find the list of faculty members at some European universities is hilariously frustrating. I gave up at two already.

What's the causal effect of there being too many papers? Are people able to find the "good stuff" either way? Doubling of number papers in NBER newsletter decreases ⬇️ prob. of media attention by 30% ⬇️ prob. of publishing by 4% ⬇️ citations by 7.5%

Does anyone here know the journal "Humanities and Social Sciences Communications"? Their email looked like it was a predatory journal, but it's in the Nature portfolio. Their mission is to "publish robust scholarship." Is this real or is Nature really selling out?

"Wouldn't you rather be a journalist and write for a much larger audience?" I just did an interview with one writing about behavioral econ. About anchoring, loss aversion, all the classics. There must already be thousands such articles. I much prefer writing new things...

A warm welcome to our new colleagues Ingvild Almas and Thomas Graeber! Ingvild joins us from Institute for International Economic Studies as the new Larsson Rosenquist Professor of Child and Youth Development. Thomas joins us from HBS as the NOMIS Professor for Cognitive and Neuroeconomics. Economics at Zurich

Screwy incentives in vaccine development…

Das restriktive Raumplanungsgesetz muss weg! Deregulieren, deregulieren, deregulieren! Einzonen, einzonen, einzonen!

lol who did this

There's an econ paper to be written about this guy. He helps direct traffic. Really, he helps scooters and cars that would otherwise have a hard time making a turn in the face of busy Indonesian traffic that has the right of way. So what? This seems to be privately organized!

Europe needs to understand that the presence of AC is way more important for climate adaptation than the absence of AC is for preventing climate change.

The concept of IQ is different from the broad concept of human intelligence. It's the empirical result that people who are good at some things tend to be good at many other things, too. IQ is the measurement of this one tendency "being good at things." 1-dimensional by definition

My algebra prof, first semester at uni: vectors and matrices are just narrow concepts in a special case of a much broader framework. So before we'll even mention these terms, we'll learn group theory, ring theory, module theory, general vector spaces, and then maybe consider R^n