@LucasNavarreteM NBA desperately needs to go back to fining each and every flop. The MVP of the league doing this is just ridiculous.
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Sid Gundapaneni
3.8K posts
Sid Gundapaneni
@MacroscopeEcon
Studying monetary theory, self-insurance, and mechanism design.
New York / Palo Alto Katılım Şubat 2020
644 Takip Edilen2.4K Takipçiler
Single-handedly ruining the game of basketball. Truly a disgrace to the sport.
House of Lowlights@HouseLowlights
Shai flopped on every single shot attempt.
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Sid Gundapaneni retweetledi
Payroll taxes are not regressive! They are mandatory contributions to a retirement system that offers higher rates of returns at the bottom than at the top.
Justin Wolfers@JustinWolfers
If you only count the progressive taxes the U.S. levies, then the U.S. system is quite progressive. But if you also count regressive taxes (payroll taxes, sales taxes, etc), it's not very progressive.
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Sid Gundapaneni retweetledi
Funny result:
State pension funds seem to uniquely fund private equity buyouts that reduce employment without increasing productivity
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My problem is if you plug a taylor rule into the equations
xt = Etxt+1 - σ(it - Etπt+1)
πt = Etπt+1 + κxt
You get that if there is a stable solution then it is unique, but why is the stable solution chosen in the first place? What determines that this will be the solution?
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@mean_field_zane @mikewinddale @Meehaul You can argue the paper is not that relevant , but if you or the professor won’t publicize the critique it’s as good as a bluff / no critique.
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@mikewinddale @Meehaul He spends ten minutes. Literally nobody cares about that paper in economics, it’s not relevant.
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@joshgans I’m shocked that this is not being publicized more. This is huge
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Sid Gundapaneni retweetledi
Today, we share a breakthrough on the planar unit distance problem, a famous open question first posed by Paul Erdős in 1946.
For nearly 80 years, mathematicians believed the best possible solutions looked roughly like square grids.
An OpenAI model has now disproved that belief, discovering an entirely new family of constructions that performs better.
This marks the first time AI has autonomously solved a prominent open problem central to a field of mathematics.
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@joshrauh @SFSjournals @ProfJiang Indeed. Hamilton saw the benefits of liquid national debt, but felt as strongly that the debt ought to be well managed and credible. He would be pained that we’re throwing away the exorbitant privilege he and many others worked so hard to build.
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Today at UVA / @SFSjournals Cavalcade conference, I’m moderating a panel with Professors Andrew Abel, Deborah Lucas, @ProfJiang, and Michael Faulkender (former Deputy U.S. Treasury Secretary) on U.S. Treasury debt and fiscal sustainability.
Jefferson once wrote: “I place economy among the first and most important virtues, and public debt as the greatest of dangers to be feared”, a far cry from Hamilton’s view that “a national debt, if it is not excessive, will be to us a national blessing.”
Today, both would probably be shocked. Looking forward to the discussion.
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Sid Gundapaneni retweetledi
this is KD joining the warriors for people who know linear algebra
MTS@MTSlive
SITUATION DETECTED: Andrej @Karpathy has joined Anthropic.
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Sid Gundapaneni retweetledi
By extracting the data from the @FT's smartphones-and-fertility chart, I was able to replicate it and reverse engineer how @jburnmurdoch may have calculated it.
Seatbelts on. 1/7
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Sid Gundapaneni retweetledi
Europe's has a big divide between fixed-rate and variable rate banking systems.
It offers a great opportunity to understand how loan pricing affects monetary policy transmission.
Here is a short 🧵 based on:
galonuno.com/uploads/1/3/4/…
1/n (n=11)
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Sid Gundapaneni retweetledi
This is good. Econ, unlike most of academia, responds to supply & demand. We should train precisely the number of students that get gainful employment requiring a PhD. Note that econ is a rare field where most schools publish full placement data so applicants are well-informed.
Noah Williams@Bellmanequation
Economics graduate programs in decline: new PhD student enrollments down 12.5%, masters enrollment down 17.6%, according to @AEAjournals
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Sid Gundapaneni retweetledi
Buying a house? Roughly one-quarter of the monthly mortgage payment on a median new home at today's rates can be attributed to the increase in federal debt relative to the mid-2000s. That's $520 per month. Thank you Congress. Link to calculate your payments ⬇️
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@eni_iljazi @ashdgandhi Both of those are fair points. I guess my view mainly comes from my view that in PhD u have access to the time of many smart people, and time to work on your own projects. Yes one might have the skills to do other things, but (projecting), may never actually go work elsewhere.
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@MacroscopeEcon @ashdgandhi I don’t know why the response to a shock should explain levels. why weren’t top 5 econ stipends lower in equilibrium since supply vastly outstrips demand?
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I'm a former Harvard PhD student. Based on my experience, current social science students probably make a bit over $250k + healthcare over 5 years, with just 784 hours of required TA work. That's almost $320/hour for the "work" and the rest is classes and your own research.
Stephen E. Sachs@StephenESachs
From the latest missive from the striking Harvard graduate student union, sent to all faculty:
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@eni_iljazi @ashdgandhi Isn’t it telling that when universities dealt with budget cuts and NIH stuff, that PhDs were cut first? Universities are known to have tons of administrators and a large bureaucracy. Yet PhD slots were the first to go.
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@MacroscopeEcon @ashdgandhi but I don’t know how to square that with reality. why doesn’t MIT make their stipend $0? hell, why not $10K? why is Yale’s stipend at $60 higher than less competitive places?
not even considering implications of “who gets to do a PhD” when you select for ppl who don’t *need* $
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@eni_iljazi @ashdgandhi I don’t think they’re as substitutable as one may think. Universities are exploiting the strong preferences of those who select into grad stidents. As said in my other response, I think we’re really understating our own strong preference for freedom to work on what we want.
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@MacroscopeEcon @ashdgandhi I’m just shocked no one asks “what’s the university’s objective function?” in all this. If they want the best & brightest, they’re competing with the sectors that would attract these candidates if grad stipends were literally TA pay.
If they don’t want these workers,that’s fine.
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@eni_iljazi @ashdgandhi PhD admissions are extremely competitive. Is that not evidence of the “compensating differential for intellectual freedom” being even *lower* than it needs to be? Our own revealed preferences show we really place an immense value on this freedom.
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@MacroscopeEcon @ashdgandhi not arguing that stipends should = quant jobs. yes, there’s a compensating differential for the intellectual freedom. imo the original post uses fundamentally flawed economic logic.
we’re economists! wages are set in eqlbrm and the outside option matters in determining them.
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@eni_iljazi @ashdgandhi + You get to choose your work unlike most in private sector. With all that in mind it makes sense that one takes a wage cut, and seems reasonable to me that pay is low for phds
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@eni_iljazi @ashdgandhi The vast majority of that human capital investment is internalized. The societal benefit of a PhD student seems very small, especially seeing what many PhDs work on.
The piece of paper one gets after 6 years is also a highly valuable signal.
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