In his book On the Brink, Hank Paulson writes During the GFC, China held its massive US debt/GSE holdings instead of dumping them to deepen the crisis. They understood the mutual impact and didn’t screw the US.
Invoke the “China race” to call for governance & accelerate AI?
Credible physical risk is priced when markets can infer economically relevant exposure; regulatory labels matter primarily insofar as they convey information about that exposure.
California's 2007 wildfire re-zoning cut prices of newly designated homes by 5.7%, yet prices moved smoothly across the zone boundary. Homebuyers responded to the underlying risk, not the salient label. #ClimateRisk#RealEstate#HousingMarkets https://t.co/JT10flBMdL
California's 2007 wildfire re-zoning cut prices of newly designated homes by 5.7%, yet prices moved smoothly across the zone boundary. Homebuyers responded to the underlying risk, not the salient label. #ClimateRisk#RealEstate#HousingMarkets https://t.co/JT10flBMdL
Forthcoming in the AER: "Eclipse of Rent-Sharing: The Effects of Managers’ Business Education on Wages and the Labor Share in the US and Denmark" by Daron Acemoglu, Alex Xi He, and Daniel le Maire. https://t.co/rqXsAPk7KP
Tiago Loncan and Philip Valta show that stronger competition at home pushes firms abroad: U.S. firms expand foreign sales when domestic competitive pressure rises, especially those with strong organizational/brand capital and high profitability. https://t.co/ORGEoFFbh9
“Psychologists have learned that happiness is really a function not of the intensity of experiences that you have, but rather the frequency of them,” says Chicago Booth’s Nick Epley. @Forbes https://t.co/yPoqUsSq5L
LLMs are not going to bring superintelligence/AGI. Maybe some other configuration of AI will? In concert with LLMs? So far, seems like more of a "bespoke applications" path to "success."
I highly recommend Cal Newport's latest video on this topic.
https://t.co/uRaLkV7QTd
Habit formations and reinforcements, using AI will eventually be like looking into a mirror on micro level. On macro level, it will be a market of lemons.
@timdesilva congratulations Tim, so happy to see you on this.
Half of US adults use AI for financial guidance. Using prompts written by real users finds that LLM advice follows lifecycle theory. Decomposing its variation into demand and supply, from @TahaChoukhmane, @timdesilva, @wdwlin, and Matthew Akuzawa https://t.co/593Wc2Ldpd
We don't think our way into excellence: we behave our way into it. Small daily improvements compound far more than occasional bursts of motivation.
No.1 Performance Psychologist: The Secret to High Performance and Excell... https://t.co/EKkEygisAR via @YouTube
Guanyin inspires followers to pursue the path of wisdom and kindness through spiritual enlightenment.
Unknown
Te-hua, China
Guanyin
Qing Dynasty (1644–1911)
Blanc de chine
Wentz-Matzen Collection, 1936