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I’m seeing a broader buzz, beyond our local neighborhood, mostly around criticism of macroeconomics
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May be partly linked to a recently published essay by Ole Peters in Nature Physics.https://www.nature.com/articles/s41567-019-0732-0 …
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That is what finally got me to look into the idea more seriously.
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Because someone picked on it to explain why economists are misguided in their insistance that the world is made of perfectly spherical economic agents in a vacuum.
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Statistical mechanics may well be ergodic. The economy, not so much.
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Because it keeps coming back
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Skin in the Game being a #1 NYT Bestseller means a lot of people came across the concept for the first time in the last 2 years. Been a growing niche in Econ / Stats / complexity theory Twitter for just as long, perhaps longer providing continual engagement with the topic
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1. It is interesting - its application leads to counterintuitive results. 2. It has been amplified and given imprimatur by haters of academic economics (Taleb, Rory Sutherland) based on its contrarian flair (actual or supposed debunking of basic economic assumptions and methods).
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3. It is marketed / meme-packaged as a compact, high-yield disruptor. A kind of „just add water and throw it at economists + see what happens“ appeal. 4. Intermediate meme traffickers catch on to promise of high-elegance, easy proof, high potency + so they stake out their claims.
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