yeah that's also true of game theory dead end econ should actually be doing scaled data work but instead everyone is wasting time p-hacking with more steps hate it
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Replying to @eigenrobot @decadantism and
honestly insane that econ/game theory papers aren't all just oh yea we used BigQuery to churn through all the data in 2 mins
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Replying to @alth0u @decadantism and
there are some of these, kind of susan athey does very good ML work also some people at Amazon but they keep the good stuff to themselves last time I checked AMZN employed >250 econ phds
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Replying to @eigenrobot @alth0u and
this reminds me of one of the funniest refutations of the Austrians / praxeology peeps: that conventional econ has passed the market test because private industry employs it
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Replying to @AlexGodofsky @eigenrobot and
one of my professors who was previously managing partner of the mckinsey washington office commented "the core of marketing is just calculating price elasticities but for some reason that's not what our marketing department bothers to teach you"
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Replying to @sgodofsk @AlexGodofsky and
broke: GOSPLAN woke: 250 PhDs in Amazon figuring out how many more people will buy a plastic tub full of cheese puffs if they get free shipping
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Replying to @sgodofsk @AlexGodofsky and
tbf I dont trust consultancies eitherpic.twitter.com/vibEyCbg28
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Replying to @petergodofsky @sgodofsk and
this is extremely true however they don't experiment with things like prime, or not exactly too hard to actually segregate groups, stuff like that they were doing matching model stuff for that in 2015 or so when I interviewed, imagine they've gotten more sophisticated since
1 reply 0 retweets 4 likes
i think they did pricing for kindle fire or whatever that thing was using a hedonics model
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