At EE2025 @jamesking asked what Kahneman and Tversky got right.
Using two-sentence stories is one thing.
So here's a two-sentence EE story.
We asked quantitatively trained economists to complete a gambling task. When we gave them time to think about it, they did worse.
Message from Emilie Soysal and @jamesking about the next ergodicity-economics seminar, presented by Jean-Philippe Bouchaud, on a classic paper he co-authored with @marc_mezard in 2000.
Come and join us, sign-up link in the message below.
https://t.co/YlpfZdFZnc
@EmanuelDerman I don’t see where your certainty that Linda is a bank-teller comes from. I think the question leaves open the possibility that Linda is neither a bank-teller nor a feminist. The question is only asking which assertion is more likely, not saying that one or other must be true.
@salonium@davebinnig Related: How to Survive a Plague by David France is a book (and documentary) about the activists and scientists who worked to find an effective treatment for HIV/AIDS. The author lived through the events in the book, reporting on them as a journalist at the time. Amazing book.
@salonium I remember this BBC drama being good: the story of scaling up the production of penicillin. Not currently available on iPlayer right now, though https://t.co/oQuDJuDZqZ
Dumb economics question:
Is there any sense of economic "waste heat?"
At a micro level, everybody knows businesses can be more or less efficient at turning money into more money.
But at the macro level, it seems like GDP is just GDP regardless of how it's spent?
I’ve long hypothesized that ‘life is the universe developing a memory’. This is the basis of Assembly Theory (AT) and Philip Ball has written an article about AT published here in Quanta. https://t.co/Ve5u7dns7k
Here's my latest project: https://t.co/Qd62Wqc9S5 , a collection of hundreds of blogs.
I was tired of hearing "no body blogs any more" and wanted to show that there are so. many. blogs!
I have loads more blogs and features to add yet, and I hope you find something interesting.
@genmon Have you read Marianna Mazzucato? I think her ideas in the Mission Economy and Entrepreneurial State books are heavily influencing Labour’s industrial/innovation policy.
I'm very excited to have joined @AdeptAILabs! We're building a universal collaborator – it's like an overlay that sits on top of all the software you use. You can hand off tasks to it by just... asking. Below is an early preview of some things it can do!