Carter Davis

267 posts

Carter Davis

Carter Davis

@CarterDavisFin

assistant finance prof at The Ohio State University, UChicago @ChicagoBooth PhD, dad, husband, math nerd, sci fi aficionado

เข้าร่วม Ocak 2022
568 กำลังติดตาม205 ผู้ติดตาม
Carter Davis
Carter Davis@CarterDavisFin·
Ive decided the only college football national championships that count are those with the 12 team playoffs: just Ohio State and Indiana. Coincidence: my employers have been Indiana and Ohio State. Cool for me. Go Hoosiers!
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JudsonSprinkler- Lawn Expert
JudsonSprinkler- Lawn Expert@judsonsprinkler·
If BYU beats Utah in football next season I will buy every BYU fan who replies to this tweet a Steak Dinner
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Carter Davis
Carter Davis@CarterDavisFin·
This is really the core of the debate. Now Utah tax payers have effectively made a bet with leverage on r being high for the University of Utah sports.
Carter Davis tweet media
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Carter Davis
Carter Davis@CarterDavisFin·
This is funny because we (economists) try to reduce humans a lot more than just rats: we use equations. Models. Much more simple than rats. But come on, trying to figure out the first order fundamental forces at work, despite living in a messy world, is at the heart of science.
Karthik Rao Cavale@RaoCavale

This is precisely the problem with neoclassical economics. In order to drive "scientific" results, it reduces human behaviour to that of animals (with relatively less developed brains, if I may add).

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Renaud Foucart
Renaud Foucart@RenaudFoucart·
@CarterDavisFin - An infinite number of monkeys could write the full works of Shakespeare - The full works of Shakespeare have been written -> Shakespeare was a monkey
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Carter Davis
Carter Davis@CarterDavisFin·
@RenaudFoucart I think my excitement to read a coherent book written by a monkey tells me that I haven’t really internalized the infinite monkeys theorem, but I stand by it. I want to read it, if we can make it happen.
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Carter Davis
Carter Davis@CarterDavisFin·
Maximizing marginal utility? Ha, love it. “You know those times when things are really bad and people are desperate for a bit more consumption? Yeah, we want a lot of that. As much as possible.”
Eric Weinstein@EricRWeinstein

Well, this is unscripted. Ok @grok, you are on. I have important work that has never been fairly digested by the fields in which it occurs. Here is an example. In the early 1990s I noticed something astonishing. Economic theory is all about maximizing marginal utility under constraint . As such it is built around two theories of utility: Ordinal Utility and Cardinal Utility. You with me so far?

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Carter Davis รีทวีตแล้ว
Carter Davis
Carter Davis@CarterDavisFin·
Yes, this! I worked in two factories for a short time (one was a potato flake factory because I’m from Idaho), and it was terrible. Mind numbing. Being a researcher is incredible. Thinking for a living? Amazing. Being a poor PhD with 3 Nobel laureates as my instructors? Cool!
Andrew Côté@Andercot

I used to work 6am - 6pm, 6 days a week, on a construction site in my early 20s. Honestly? It fucking sucked, dude. I would sit in my car outside the site at 530am, desperately drinking a coffee, telling myself over and over again, "god I wish I was in sciences" Because every night when I got home what did I do? Watch Walter Levin MIT Open Courseware physics lectures. I had already exhausted all the popular science books long before so just started on undergrad level physics. The alternative was drinking a six pack of beer like everyone else and watching bullshit TV. The construction site job was actually better than what I was doing before. Landscaping, stone masonry shit. Backbreaking labor, truly. Breaking concrete slabs up with a sledgehammer and carrying bricks all day. That's literally a punishment in prison. There was a company event for the property development Corp doing the construction I was working for where everyone talked about their degrees. Most people had been at the company for almost a decade, did random unrelated degrees. I realized. If I didn't take control of my life the years would tick by. So I went back to school for engineering physics at age, like, 25. I probably wouldn't graduate until I was 30, but shit. You're going to turn 30 one day anyway. Might as well be doing something you chose. A year into schooling I had my first paying job in a physics lab, basically minimum wage, but my god. I was getting paid to work in a physics lab. I could drink coffee and read papers, build cool stuff. It was insane. The kids around me had no idea how lucky we were to be there. They hadn't suffered being trapped in dead end jobs that leave you too exhausted to really think, plan, get ahead. So I viciously worked my ass off through out engineering physics to play the game as best I could. Get the best internships, connections, etc. By the end of undergrad I was taking graduate level classes and outperforming the PhD students at them. Everything since then had gone better than I could've imagined. I used to think - wow, the dream would be designing fusion reactors, if only. Now I have patents in fusion reactor design. I've worked on particle accelerators, LEO satellite communications, beam driven fusion devices, finite element analysis for RF source design at SLAC. So no. Fuck mind breaking manual labor. Leave it for the robots. Choose your own path. I will say though. There are few things as therapeutic and full body workout as shoveling sand. I can show you at least a dozen different sand shoveling techniques to work every muscle in your upper body. Also wheelbarrow technique.

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