The LA wildfires have given landlords an opportunity to raise rents. California has anti-price-gouging regulation that might prevent that.
If you want to step beyond Econ 101, here’s a recent Econometrica paper that shows how price caps can raise welfare.
onlinelibrary.wiley.com/doi/abs/10.3...
How can we design algorithms that maximize social welfare, rather than profits? This paper merges multi-armed bandits and adversarial learning with optimal tax theory and welfare economics. @maxkasy @NicoloCB @Rcolomboni buff.ly/pxPY8nj
For those interested in hearing more game theory, here is a terrific podcast series, featuring @jeffely.bsky.social, @arielrubinstein.bsky.social, @shengwuli.bsky.social , and many others.
open.spotify.com/show/4XlSrTG...
The real sign that academic bluesky has made it: after a day of moderate posting/browsing, my downloads folder is full of interesting papers I will not have time to read
New working paper!
We develop an approach for safely delegating to strategically aware and potentially misaligned AI systems. The theoretical tool we use is sequential information design with imperfect recall.
A short thread on the key highlights.
Today's edition of "📈📉 papers you should know":
This lovely paper says any non-crazy space of available choices to a decision maker must be 1-dimensional if it admits ANY continuous choice function. Crucially, the paper doesn't assume choice behavior to be consistent or "rational" in any sense.
📌
Today's edition of "📈📉 papers you should know":
This classic paper (by Ben-Porath and Dekel) gives a cool example demonstrating the power of signaling in strategic interactions. In particular, it shows how the mere *possibility* of a costly signal can shape play even if the signal is never used.
📌
Thanksgiving this year falls on the 28th, and 28 is a perfect number – meaning that it is equal to the sum of its proper divisors (28 = 1 + 2 + 4 + 7 + 14).
So... I hope you have a truly perfect #Thanksgiving!!
So farmers' unions in France are blocking the entrance of the INRAE, the research institute for Agriculture in France claiming that their work and research is useless and "against them". What a sad move for the relation between research and civil society.
Thanks !!!!
Just listened to this metaphilosophy podcast. If you are a nerd interested in philosophy and its history and method it may well be interested to you!
digressionsimpressions.substack.com/p/podcast-wi...
Today's edition of "striking examples in 📈📉 theory":
This paper shows how repeated play can sustain cooperation even when players observe NOTHING about past behavior.
Today's edition of "📈📉 papers you should know": a finite asymmetric information game in which *every* sequential equilibrium (in fact, every PBE) has a player convinced of a state and subsequently relinquishing that belief. Let's go through the example (changing language a bit).
Why is everyone using the emoji pin ?
Today's edition of "📈📉 papers you should know" is Dezsö Szalay's @reveconstudies.bsky.social paper, "The Economics of Clear Advice and Extreme Options". The paper concerns itself with information acquisition choices under delegated decision making. Let's go through an example...
Today's edition of "📈📉 papers you should know" is Amanda Friedenberg's @econometric.bsky.social paper, "Bargaining Under Strategic Uncertainty: The Role of Second-Order Optimism". It's a wonderful example of a paper that delivers new insights from studying an old game.
Today's edition of "📈📉 papers you should know" is from @jpolecon.bsky.social:
The paper studies a game between a buyer and a seller. Simultaneously, the seller decides on a price to post for a good, and the buyer decides how much information to acquire about the good's value.
Econometrica is here!
Any journals missing? Your friendly AEA ad hoc social media committee can nudge them to come.
Theoretical Economics Volume 19, Issue 4 (November 2024) is now online econtheory.org
Second option !!
We strongly suggest that academic publishers and other platforms that host research rapidly implement a Share to Bluesky button for their articles. Here's how:
docs.bsky.app/docs/advance...
#AcademicSky #HigherEd #Altmetrics
I created a starter pack of Economics Journals, but how can I remove myself from the pack 😅?
#EconSky 📉📈
go.bsky.app/3HgLqsU
This is so misguided. And it’s backwards. Broad intuitions aren’t just always true. There are assumptions required to make them true. And mathematics uncovers what those assumptions are.
Suppose that we have incomplete information about the buyer’s value and the seller’s cost. Is it intuitive whether there exists a voluntary trading rule that results in efficient trade and breaks even?
Does Bryan Caplan’s pre-theoretical intuition make him confident that the deferred acceptance algorithm is strategy-proof for the proposing side?
And does it make similar assurance for the receiving side?
Here's Bryan Caplan writing about math in economics.
Seems very wrong to me. I wonder what the quickest refutation is that would make sense to most practicing economists.
www.betonit.ai/p/economath_...
@tilmanborgers.bsky.social !
I did a starter pack! It's philosophy people I know from the other place.
I may have forgotten some of you, please don't take it personally. If we were mutuals at the other place and I left you out let me know!
go.bsky.app/8Qvnsgb
