Alberto Manconi

Sounds like they have been around since the time of Asterix & Obelix

jogging in Cagliari this morning

Researcher: "We let the data speak for itself."

Earlier that day:

…just realized I misspelled Nicola’s family name (I suspect it was the autocorrect) - it is, of course, Pavanini!

At the same time, the welfare value of moving closer to a traditional bank paradigm, where the intermediary bears liquidity risk, depends on the extent of liquidity risk itself and on lender (depositor) risk aversion. 5/5

We use the model to simulate counterfactuals, and our results suggest that the shift away from the old peer-to-peer credit paradigm was welfare improving. 4/5

To answer that question, we develop a structural model of online debt crowdfunding and estimate it on data from a Chinese online credit platform. 3/5

Many online marketplaces have a peer-to-peer (p2p) nature. Online credit also used to have an important p2p component; but over time it has resurrected many features of traditional financial intermediation. Why? 2/5

Our paper (joint with Fabio Braggion, Nicola Paganini, and Haikun Zhu) is forthcoming on the JFE: authors.elsevier.com/c/1lPEq,6wzy... 1/5

met this lady today after the rain (funny how the phone’s AI wanted to classify her as a plant)

Totally compatible with being in Europe - and please do feel free to join, @gaborbekes.bsky.social!

The Econ Sci Fi Book Club votes are in and we're reading R.F. Kuang's Babel for our June meetup. A bit of a stretch from trad sci fi, but firmly in the voters' style of longer books with academic themes.

If you want to join in, sign up for emails here: sites.google.com/view/econsci...
#EconSky

Gianmarco Daniele, Olivier Marie et Paolo Pinotti, économistes : « Il n’y a pas de lien de cause à effet entre l’immigration et la hausse de la criminalité » TRIBUNE. Alimentée tant par certains médias que par certains acteurs politiques, cette idée tenace relève du mythe. A l’inverse, les mesures qui criminalisent les immigrés en situation irrégulière ou ...

We wrote a piece for Le Monde (with Olivie Marie and Paolo Pinotti) on the (lack of) link between crime and migration.

« Il n’y a pas de lien de cause à effet entre l’immigration et la hausse de la criminalité »

Here the link (in 🇫🇷):

www.lemonde.fr/idees/articl....

Overall, it looks to me like many online participants mistakenly thought that the mirrors -involved- risk, and this confusion caused the main results.

The new comment by Banki, Simonsohn, Walatka, and Wu looks to be serious work. It’s changed my mind.

<3

A 10 μg/m3 increase in daily PM2.5 air pollution causes a 5.7 percent increase in full-day student absences, a 13.1 percent increase in teacher absences, and a 28 percent increase in behavior referrals, from Sarah Chung, Claudia Persico, and Jing Liu https://www.nber.org/papers/w33549

San Gimignano

I did a thing about this on Xitter. Here are screenshots. It's the only one I saved.

Three frames from The Rocketeer Top frame: Timothy Dalton, whose character is a Nazi spy, saying to Paul Sorvino, who’s a gangster, “Ah, come on, Eddie. I’m paying you well. Does it matter who I work for?” Second frame: Sorvino says “it matters to me. I may not make an honest buck, but I’m 100% American, and I don’t work for no two-bit Nazi.” Third frame: Sorvino pulls his gun on Dalton and says “Let her go,” in reference to Jennifer Connelly.

This moment still goes so incredibly hard

Defense Against Dishonest Charts This is a guide to protect ourselves and to preserve what is good about turning data into visual things.

This excellent interactive tutorial on misleading data visualizations explores the idea of a "counter chart" — the graph you draw in response to refute a misleading claims

flowingdata.com/projects/dis...

Can men & women be friends?

A phenomenal paper analyses 1.3 trillion Facebook connections!!!

open.substack.com/pub/dralicee...

Archimede Pitagorico in bergamasco (un po’ difficile, anche se scritto; pur sempre un’idea geniale!)

[P. Lynch, “Prophet Song”]

Good sci-fi isn't just about the future—it’s about us right now. It takes our struggles, our hopes, and our fears and reframes them in ways that make us think. The best sci-fi makes you feel small and infinite at the same time. 🌌🤯 #WhyILoveSciFi #PerspectiveShift

Certosa di Pavia

PSA to job market candidates: if you didn't get a particular flyout, it may have had nothing to do with the quality of your interview. Departments have a myriad of internal constraints and goals that are unobservable to you, and the process is a lot more complex than you think.

indeed

A few potential words of the day:

Joblijock: a disturber of domestic peace (small children, cantankerous uncles, etc).

Yule-hole: the furthest notch in your belt that you need to resort to at Christmas.

Confelicity: joy in other people’s happiness.

Merry Christmas.