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eigenrobot's profile
eigenrobot
eigenrobot
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@eigenrobot

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eigenrobot

@eigenrobot

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eigenrobot.substack.com
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    1. eigenrobot‏ @eigenrobot 26 Mar 2019

      workshopping an idea failed paradigm shifts roughly goes like this 1. Discipline has a mostly functional paradigm 2. Researchers who've mastered the paradigm pick at failure cases 3. New students follow them in Revolutionary phase but . . .

      3 replies 2 retweets 23 likes
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    2. eigenrobot‏ @eigenrobot 26 Mar 2019

      4. Revolution doesn't cohere into a new paradigm to replace the old one 5. Generation of researchers who failed to build a new system don't pass the old one on and the useful normal science is lost.

      4 replies 4 retweets 26 likes
      Show this thread
    3. eigenrobot‏ @eigenrobot 26 Mar 2019

      Mildly concerned about this happening in economics and this was my motivating example 😥 but it's by no means limited case study: poetry a few capable avante garde poets abandon meter and rhyme, produce rebellious good work soon: "what's a dactyl" -- rupi kaur

      5 replies 2 retweets 26 likes
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    4. Steven Godofsky‏ @sgodofsk 26 Mar 2019
      Replying to @eigenrobot

      I keep thinking about how in economics all the studies are like "we did a regression on something we can solve with basic laws and found a discrepancy and this definitely doesn't mean we're morons who are bad at statistics no sir, definitely it's the theory that's wrong"

      2 replies 0 retweets 1 like
    5. post malone ergo propter malone‏ @PropterMalone 26 Mar 2019
      Replying to @sgodofsk @eigenrobot

      i mean i think it is fair to say that labor econ in particular behaves very differently than the theory-- any theory-- would suggest and that it is largely unsolved if approached from principles, which means you need to approach from empirics and rethink the principles

      2 replies 0 retweets 1 like
    6. Steven Godofsky‏ @sgodofsk 26 Mar 2019
      Replying to @PropterMalone @eigenrobot

      that's my specific bone of contention: labor econ is extremely well described by the theory and a bunch of axe grinders try all sorts of statistical techniques to pretend that isn't true. See all minwage studies.

      1 reply 0 retweets 1 like
    7. Steven Godofsky‏ @sgodofsk 26 Mar 2019
      Replying to @sgodofsk @eigenrobot

      minimum wage shoiuld be zero, this is obvious from the basic theory of supply and demand, and if you get a different result it's because you fucked up.

      1 reply 0 retweets 1 like
    8. post malone ergo propter malone‏ @PropterMalone 26 Mar 2019
      Replying to @sgodofsk @eigenrobot

      except: this turns out to not be how labor markets behave. at all.

      1 reply 0 retweets 1 like
    9. Steven Godofsky‏ @sgodofsk 26 Mar 2019
      Replying to @PropterMalone @eigenrobot

      lol if you say so labor econ is overrun with people who aren't happy with reality, because it doesn't conform to their political predilections, and try to invent their own in so doing they come up with flimsy stats to contradict the best attested theory in the social sciences

      1 reply 0 retweets 1 like
    10. post malone ergo propter malone‏ @PropterMalone 26 Mar 2019
      Replying to @sgodofsk @eigenrobot

      Lol I do say so And so does the state of the art But hey, you should believe exactly what you want to believe. Just don't expect it to have as much predictive value as you might prefer a rigorous discipline to have- that's the price you pay for ideology

      2 replies 0 retweets 0 likes
      eigenrobot‏ @eigenrobot 26 Mar 2019
      Replying to @PropterMalone @sgodofsk

      I mean what do you think is weird about labor markets in particular that leads to them not confirming to the usual rules

      3:53 PM - 26 Mar 2019
      1 reply 0 retweets 0 likes
        1. New conversation
        2. post malone ergo propter malone‏ @PropterMalone 26 Mar 2019
          Replying to @eigenrobot @sgodofsk

          1) nominal wages are *hella* sticky 2) it's not at all a transparent market 3) marginal cost to firm to hire an employee is very much not the same as wage 4) often, monopsony power and sometimes actual cartels on either side 5) v high transaction costs for both sides

          1 reply 0 retweets 1 like
        3. eigenrobot‏ @eigenrobot 26 Mar 2019
          Replying to @PropterMalone @sgodofsk

          seems like a set of problems to be handled by reducing frictions and increasing competition and information availability :D

          1 reply 0 retweets 1 like
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