Another rationale for sticky prices?
…what can be predicted, Dabis said, is that a recent policy change by the Washington Metropolitan Area Transit Authority requiring drivers to verbally quote the $2.25 fare to passengers may…
…what can be predicted, Dabis said, is that a recent policy change by the Washington Metropolitan Area Transit Authority requiring drivers to verbally quote the $2.25 fare to passengers may…
My Amazon shipment is postponed from this fall until April 11, 2028 (!). Will it ever come? Of course this is the fantastic, and long, Bioy Cesares book Borges, his…
1. Speculative Chinese claims about Alzheimer’s. 2. Very interesting Anthropic piece on why multi-agentic systems seem to show more herd behavior and collusion than human systems. And a comment from…
That is the title of my latest Free Press piece, here is one excerpt: Or look at the AI revolution, another area where America is leading the world and also…
I very much like the new Michael Khodarkovsky book The Steppe and its Empires: The Russian Empire & its Eurasian Counterparts. Excerpt: Russia presented the most remarkable contrast to both…
1. What sort of maths are LLMs good at? 2. “People think the superrich are unhappy,” she said. “They’re not.” (NYT) 3. Trailer for a Celibadache biopic. 4. Good Joshua…
“I should note also that many (most? almost all?) of the bad scenarios have intermediate points of great worry and catastrophe” Not on my model. By the time any humans…
Gowrisankaran, Langer and Reguant have an excellent paper, Energy Transitions in Regulated Markets (WP), in the latest AER. The basic idea is that regulation designed to prevent utilities from building…
From Jesus Fernandez-Villaverde and Patrick Norrick: As of 2026, humanity is likely below replacement fertility. That has never happened before, not in wars or pandemics. But the real surprise is…
We estimate intergenerational mobility of children of immigrants in fifteen receiving countries. Children of immigrants have somewhat lower income than children of local-born parents. Around half of this gap can…