You can listen here granpa.bandcamp.com/album/i-hear...
30.01.2025 01:09
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I recently read Bernheim & Whinston 1998, www.jstor.org/stable/117011 which has a note on academic contracts
The OECD released a report on the state of carbon pricing globally recently. A 🧵 on several notable findings.
And, hat tip to @kclausing.bsky.social for flagging it!
www.oecd.org/en/publicati...
Hmm I would call the "applied theory" style still "rational choice". And I get the point in chapter 5, but I'm using the word "rational" in a non-normative sense. But, anyway, yeah, I get it, I guess econ doesn't uniformly assume "rational choice"
Re: nonstandard decision making, yeah, empirical work that shows evidence of nonstandard behavior doesn't need a rat choice model. But if you want to start doing theory (because you want counterfactuals, policy analysis, welfare, etc) you may end up with "rational choice" (in a very wide sense)
Hmm I would call time inconsistency "well-defined preferences" (although there may be a good reason not to that I'm not aware of). There may be an axiomatization of non-Bayesian updating that makes it consistent with rational choice? (I don't know.) It would need to resist Dutch books
What's the big problem with that opinion? In most behavioral models behavior results from maximization of well defined preferences, no? You don't need to believe that people literally do that, but that's the basis of most econ theory, right? (And it's fine?)
An advent calendar of some of my favourite TCS/Maths talks. Day #1: Avi Wigderson on Reading Alan Turing.
It is a gem of a talk, full of insights about Turing's work, writing style, and influences on mathematics and computer science. Pure joy!
www.youtube.com/watch?v=_Uk_...
Hmm yeah I get it but if I was in charge I would just kill any of that. Being unemployed is bad enough
ah nvm, "the hassle involved with having to comply with mandatory rules and the risk of sanctions in itself may act as a stressor". makes sense
wait why would the programs be bad??
