Econometrica

I think this was...

It's published in Econometrica, and they, like, teach it in most econ classes now because it's such an interesting central example.

I think, though, it still leaves us with this question of, like, holy cow, how is it so big? What's underneath that?

Yeah, which leads me into my next question, which is how confident are you that this is truly something that would replicate at scale, say, if you were to drop a cash transfer in the bank accounts of an entire country? Obviously, there's a degree to which you can randomize at, um, bigger and bigger scale, but eventually you have to bite the bullet and give the cash to everyone in, in a country.

He's statistically representative.

A 2018 survey published in the journal Personality and Individual Differences found that roughly 86% of men in the United States tie their sense of manhood directly to their financial status.

not to success in some general sense, not to character or competence or contribution, specifically to visible spending capacity, the ability to provide.

Those are the metrics by which most men in this culture evaluate their own worth as human beings.

Their collaboration began in the late 1960s at Hebrew University in Jerusalem, and it turned into one of the most consequential intellectual partnerships of the 20th century.

What they produced was prospect theory, a mathematical model of decision-making under uncertainty that replaced the economist's fantasy of the purely rational agent with an accurate picture of how you actually behave.

It was published in the journal Econometrica in 1979, and it identified a set of systematic, predictable, universal biases in financial decision-making.

Bias is directly responsible for enormous amounts of it.

According to a recent paper, such a background can also hurt a scholar's career.

The paper in the prestigious journal Econometrica found that scholars whose parents did not graduate from college are less likely to land tenure-track jobs at major research universities and less likely to get tenure.

The researchers, Anna Stansberry and Kyra Rodriguez, found that the disadvantage of being a first-generation college graduate could be even greater than the disadvantages associated with being female or non-white.

A key reason is that first-generation graduates appear to have less social or cultural capital than people from more privileged backgrounds, as the paper puts it.

Pollution in Mexico.

This is a paper by an ex-LSE student, Juan Pablo Rood and Rich Toffman, that was published in Econometrica recently.

They study what happens to labour supply when pollution levels go through the roof.

Very unpleasant to go out.

I think this was...

It's published in Econometrica, and they like teach it in most econ classes now because it's such an interesting central example.

I think, though, it still leaves us with this question of like, "Holy cow, how is it so big? What's underneath that?"

Yeah, which leads me into my next question, which is, how confident are you that this is truly something that would replicate at scale, say, if you were to drop a cash transfer in the bank accounts of an entire country? Obviously, there's a degree to which you can randomize at, um, bigger and bigger scale, but eventually you have to bite the bullet and give the cash to everyone in, in a country.