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eigenrobot's profile
eigenrobot
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eigenrobot
@eigenrobot

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eigenrobot

@eigenrobot

robot. friend.

eigenrobot.substack.com
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    1. eigenrobot‏ @eigenrobot 20 Feb 2020

      eigenrobot Retweeted Oren Cass

      the main thing you should take from this thread is not whatever object level conclusion he suggests by the end (havent read that far) but rather the meta lesson that if faced with a question requiring sensitive longitudinal macro data to answer correctly you should simply give uphttps://twitter.com/oren_cass/status/1230505649794166785 …

      eigenrobot added,

      Oren CassVerified account @oren_cass
      Thread (1/16). How is that our economic statistics suggest workers have been making slow but steady progress in recent decades, while popular perception is that their family finances are coming under increasingly untenable pressure? I've been working on this, here's my answer:
      Show this thread
      7 replies 5 retweets 78 likes
      Show this thread
      eigenrobot‏ @eigenrobot 20 Feb 2020

      there are lots of ways to deal with hedonics in inflation numbers and all of them are bad no one knows whether the aggregate is is some sense better off in 2020 than 1990 and in some ways the question is simply impossibly vague let it go its fine no one knows

      8:14 AM - 20 Feb 2020
      • 35 Likes
      • bronze age anon UcKema - Christmas train to Miami Ieshua Ceannaideach World's Greatest Dad per Capita Enye Word father of the year
      7 replies 0 retweets 35 likes
        1. eigenrobot‏ @eigenrobot 20 Feb 2020

          original tweet has spawned an ongoing thread of people trying to answer the question with theories involving four trends with multiple subtrends and numerous conditional claims if I hadnt already done so this would be a good time for me to claim victory

          5 replies 0 retweets 16 likes
          Show this thread
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        1. New conversation
        2. GPT- Ern Malley‏ @MoralHazardPay 20 Feb 2020
          Replying to @eigenrobot

          I think this one has a pretty easy answer though, he's not counting the 52 weeks of unpaid household labor that used to be in place via the wife alongside the 30w of paid labor from the husband

          2 replies 0 retweets 1 like
        3. GPT- Ern Malley‏ @MoralHazardPay 20 Feb 2020
          Replying to @MoralHazardPay @eigenrobot

          Also seems to glide over the fact that there's a strong secondary market in most everything these days with much lower frictions and lemon issues on big ticket items

          0 replies 0 retweets 1 like
        4. End of conversation
        1. New conversation
        2. Dedicating Ruckus‏ @ded_ruckus 20 Feb 2020
          Replying to @eigenrobot

          hedonics is an interesting question + hard to deal with but this seems to be about a simpler thing, which is "what is the minimum amount of money you need to pay" modern (arguably) hedonically-superior options that cost more money supplanted older, cheaper ones

          1 reply 0 retweets 3 likes
        3. Analytic Valley Girl Chris‏ @ChrisExpTheNews 20 Feb 2020
          Replying to @ded_ruckus @eigenrobot

          Top Epicurean scientists are working tirelessly to quantify hedons in many aspects of the economy

          1 reply 0 retweets 4 likes
        4. Show replies
        1. New conversation
        2. Econ reply guy‏ @moneyreflux 20 Feb 2020
          Replying to @eigenrobot

          I think it is clearly and unambiguously true that we are in aggregate better off today than in 1990. The question is not if, but how much? This means these issues matter a *little* less, but still a lot for questions like “what was the average level of real interest rates?” etc

          1 reply 0 retweets 2 likes
        3. Christopher Reighley‏ @reighleyc 20 Feb 2020
          Replying to @moneyreflux @eigenrobot

          If you are counting China and Africa in your aggregate, then I agree. If we are talking about the United States only I am not yet convinced.

          1 reply 0 retweets 1 like
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        2. eigenrobot‏ @eigenrobot 20 Feb 2020
          Replying to @JoesBarAndCult

          o7

          0 replies 0 retweets 0 likes
        3. End of conversation
        1. Kid Licorice‏ @the_heavy_stuff 20 Feb 2020
          Replying to @eigenrobot

          Kid Licorice Retweeted Kid Licorice

          Aside from being the most empirically sound response, it's also quite freeing:https://twitter.com/the_heavy_stuff/status/1043935897832615937?s=20 …

          Kid Licorice added,

          Kid Licorice @the_heavy_stuff
          n o b o d y k n lol nothing matters w s a n y t h i n g pic.twitter.com/PFfsRMO2BA
          Show this thread
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