Ray Fisman

@Ingar30 The lesson I take away from this is you need a different race equivalency calculator!

@RFisman A 400m lap in 68 seconds corresponds to roughly a 2:38 marathon according to race equivalency calculators, so it's not an understatement to say you have to be in truly amazing shape to do it!

I am sure others have done this breakdown, but if you want to experience how fast Sebastian Sawe ran the London Marathon, go to a track and try to run 400m in 68 seconds. If you are in truly amazing shape, maybe you can do a second one. Now imagine doing 103 more.

and after those 103, you'd still have ~200m to go...

Now is the time to let the AEA know who you'd like to see in editorial positions at AEA journals. Link for nominations (including self-nominations): aeaweb.org/journals/edito… Thanks! @AEAjournals

Needless to say this is a timely topic, and so much great work being done in this area. Please submit your papers!

@ErzoLuttmer @paulnovosad @michael_wiebe 100%. And exactly to Erzo's point, if you have it check for grammar and it spits out your ideas in AI-speak, it could come off badly if you haven't noted how it was used.

@paulnovosad @michael_wiebe @RFisman It probably depends on the coeditor, but personally I agree with your take that AI-typical language is not concerning if you share you did #1 or #3 (or #4 for that matter).

During a recent seminar visit, a number of people asked about use of AI in the refereeing process. Every AEA journal includes the following in the email you get after agreeing to do a review. If you have any doubts about what constitutes appropriate use, please ask!

@TradeDiversion It's all so very out in the open these days! So my services are not needed! There is a nice New Yorker article that gets at some of this.

.@RFisman has a pair of papers on connections to Suharto and Dick Cheney that suggested institutional differences (hbs.edu/faculty/Pages/…). What would results for US politicians look like today? Has anyone written that follow up?

@policytensor But I think we agree far more than we disagree on all this...there is more to society than GDP per capita...

@policytensor You are right about the regime's brutality, which should have been more directly referenced (though this is true for others also). And the corruption was extreme. But GDP growth was remarkable- comparing it to the EA growth miracle is not the right benchmark.

In their otherwise correct argument, @RFisman and Campante point to Suharto as an instance of “personalistic systems seemed to work for a time” in that they saw “rapid economic growth.” bloomberg.com/news/articles/… I am alarmed at how casually they place Suharto next to Chung-hee, Yew and Deng. This is completely wrong. Surharto should never again be included in a bad-but-good guys list like that again. Here's why. 1. Indonesia’s gdp grew at 6.5% per annum in 1967-1998, while comparable countries (EA & P ex high income) grew at 7.5% per annum. (WB) 2. Suharto’s brutal regime was backed by the US as it carried out a vast genocide in East Timor that killed 170,000 people. (hmh.org/education/east…) 3. Indonesia under Suharto was the motivating case for Winters’ Sultanistic oligarchy archetype. Transparency International ranked Suharto as the most corrupt leader of all time (images.transparencycdn.org/images/2004_GC…). His family and cronies have amassed one of the largest illicit fortunes in the world. (nytimes.com/1998/01/16/bus…) So, Suharto most definitely does not belong in any list of strongmen that one could get behind, no matter how hard one bites the bullet.

REStat will sponsor 5 early-career researchers with the aim of broadening the set of scholars who are able to participate in the applied microeconomics research meetings at the 2025 NBER Summer Inst. Applications due May 1st: nber.org/calls-papers-a… #econtwitter @RFisman

@Prof_Nishith_P @ghosh2397 Nishith - very kind of you to say. I recommend you migrate this discussion to a different site. I'm just here to retrieve some syllabi that were posted on X last here!

@ghosh2397 See papers by @RFisman

#EconTwitter #PaperIntro Looking for suggestions for some well written introductions of applied micro papers. It would be great if someone could suggest some!

“If policy favors those who are in cahoots with the government, as opposed to focusing on the most productive use of resources, the country risks economic stagnation,” write Filipe Campante and @RFisman. Read: nyti.ms/4h0BWIx

@andreamatranga @stevehouf working on it...

@stevehouf @RFisman the floor is yours

TSLA stock which has meaningfully lagged GM YTD until the eve of the US presidential election has since shot up some cumulative 90% from Election Day. What’s the primary factor or reason for the meteoric rise of TSLA other than the perception that Elon bought the federal govt?

.@raffasadun had the genius idea that they should actually hire Larry Culp for making government work better, if they're going to bring in anyone from business: (4/4)

They wouldn't let me quote "some random person" from twitter @sabrinacartan had to have her brilliant tweet tweaked (3/4): x.com/sabrinacartan/… (I've used the house-renovator-taking-down-load-bearing-wall metaphor also...danpink.com/2013/03/are-me… though she put it better...)

My small part in trying to get people to understand why it seems like running government like a business is a good idea, when in fact it's a terrible one (1/4): nytimes.com/2024/12/07/opi…

Come work with us at @NUEconomics! Elisa Jácome and I are hiring a full-time Pre-Doc starting in the summer 2025 to work on projects on labor economics, public economics, economic history and political economy. More info attached! Apply here: forms.gle/y5RQmS8m4RMKNn…. @econ_ra

@florianederer shows that the L premium isn't true for a global sample. Overall, my take is that we can be sure D vs R matters for which firms win and lose, but probably not for the overall market.

@florianederer 1. Blinder & Watson suggest a lot is due to luck (though that's about growth rather than equity); 2. Pastor & Veronesi (2020) suggest that the cause of both D election and high returns is underlying voter preferences, not policy. 3. A nice paper by a PhD student at Columbia...

Paper of the Day: "Who values democracy?" Democratizations had a large, negative impact on asset valuations driven by a rise in redistribution risk and elevated risk premia. Autocratizations led to negligible asset pricing responses. hbs.edu/ris/Publicatio…