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If anyone is interested, here are the lecture notes on General Equilibrium from my class at the LSE MRes/PhD in Economics.
personal.lse.ac.uk/GOTTLIED/publi…
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Daniel Gottlieb
1.4K posts
Daniel Gottlieb
@danielgott
Professor at USC. Previously MIT, Wharton, WashU, LSE. Usually tweets about Economics, sometimes in Portuguese.
Los Angeles, CA Beigetreten Kasım 2019
347 Folgt4.6K Follower
Daniel Gottlieb retweetet
Story about Sims:
One day in 1st year PhD econometrics, he's working through proof of the central limit theorem, occasionally glancing down at a sheet of paper. He's almost done but get's stuck at one point. Backs away, looks at the paper for a bit, then finishes the proof. [1/2]
Noah Williams@Bellmanequation
Spurred by @GautiEggertsson, here is Chris Sims showing up in footnote #1 for 2 additional Nobel prize papers: Kydland and Prescott (1977) and Hansen (1982).
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Daniel Gottlieb retweetet
Data-driven research, at its best, presents you with results that surprise you. 😲
When I began studying Seattle's minimum pay standard for delivery drivers, I personally expected to see high-attachment delivery drivers making more money after the policy went into effect. 1/13
NBER@nberpubs
Featured in the latest Digest: Impact of Minimum Pay Rules on Gig Delivery Drivers nber.org/digest/202603/…
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A propósito dos impostos de importação sobre bens de capital e informática, vale comparar a pauta de exportação do Brasil (renda per capita US$ 10.500) e da Austrália (renda per capita $70.000)
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@alexolegimas This was last year. I've been using the pro now, which only makes professional mistakes.
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@danielgott Which version are you using? Try the pro version with thinking.
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Friends do not let friends use off-the-shelf AI models to study human behavior.
There are now several excellent papers demonstrating that AI *agents*---with proper scaffolding and trained specifically on human data---do emulate human behavior and beliefs quite well.
Jay Van Bavel, PhD@jayvanbavel
AI does not engage in motivated reasoning While individuals processing information may be motivated to reach a certain conclusion, LLMs have no such motivation and operate on purely cognitive input. As such, they do not mimic humans in motivated reasoning tasks. As such, we should be cautious about using them to mimic human political decision making. arxiv.org/pdf/2601.16130
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@alz_zyd_ That’s probably true about the undergrad at Chicago, but I doubt it was the case at most other schools. The paragraph below is from the most influential textbook of the 20th century.
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@alz_zyd_ 3rd wave pour over is like American football. America dominates a sport no one else in the world cares about.
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@alexolegimas The beef-cheese-pineapple sandwich at Cervantes in Rio beats any Philly cheesesteak. Not even close.
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This is obviously true, but I’ll make a stronger claim: give me any type of food and there’s an American sandwich that’s better. It’s just the best category of food.
alz@alz_zyd_
American sandwiches are the best in the world. Nobody else comes close. As an American on vacation, there is no point ordering sandwiches anywhere, you will just find that they are worse than the American version
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Daniel Gottlieb retweetet
Happy to co-chair this year's Conference on Social and Behavioral Finance (with @danielgott) at USC/Marshall
Keynote speaker Andrei Shleifer on “Cognitive Economics” & a highly stimulating set of papers and presenters.
sites.usc.edu/conference-on-…
#SocialFinance #BehavioralFinance
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@alz_zyd_ Intuitively I’d say the resulting allocation would be more fair, but I’m not sure whose preferences we are talking about.
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@danielgott yeah, I think it ends up being a tradeoff between more short lives and less long lives, do you think there's any "preference for variety" at the level of human lives
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@alz_zyd_ For turnover to be optimal, one could assume diminishing utility from lifetime duration.
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@alz_zyd_ I don’t think that’s true. Assuming equal weighting of born and unborn and linear utility in lifetime duration, any turnover merely replaces a finite number of lives with an equal number—leaving welfare unchanged. If unborn are weighted less, turnover reduces welfare.
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There’s no better place for a behavioral economics seminar than @UCBerkeley
Enjoyed the comments and the beautiful weather!
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@ershov_daniel Adam Smith individually calls every single Nobelist to let them know about their prizes
bbc.com/future/article…
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I, for one, strongly believe in working through Adam Smith's work. For example, check out this recent paper on dynamic complementarity.
Ben Golub@ben_golub
Randomly reminded of the experience of telling a, say, history student you study economics and their utter surprise at the fact that you haven't worked through Smith and Marx.
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@alz_zyd_ I tried asking o1 to do some basic calculations today and it still got some of them wrong.
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@SulkaTomasz @restatjournal It's a very nice paper and I'm glad to see it in print. Congratulations!
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🚀🍩🔥🔥
Very happy to see my paper on "Exploitative Contracting in a Life Cycle Savings Model" out in REStat @restatjournal !
doi.org/10.1162/rest_a…
In the paper, I study the impact of present bias (& naivete) on financial contracting and wealth accumulation...
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Daniel Gottlieb retweetet
🆕 Season of ECORES PhD lectures! 🎓
Today features an insightful presentation by @JacksonmMatt @Stanford on the critical role of networks in economics.
These lectures are a joint initiative of @LeuvenEconomics, @ecares_ulb, and @LIDAM_UCLouvain.
🔗 feb.kuleuven.be/phd-lectures
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Happy to be co-chairing this year's Conference on Social and Behavioral Finance (with @4misceldah). Looking forward to the presentations.
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