Apocalyptonomics. Strikes me as weird that they crack down on meaningful market making as price-gouging and are eager to bail out bullshit market-making with trillions. Unpopular opinion: should be regulated and enabled, not shut down. nytimes.com/2020/03/14/tec
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Emergent fat in the supply chain. Better inventory sit with a calculating arbitrageur who intends to sell at a profit than a crackpot who will lock it away in a bunker as irrational level of personal lifestyle insurance.
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It’s fine as stopgap judgment heuristic by local store managers based on what they think the demand pattern is actually about. It would be bad as a strict rule. What if someone is shopping for a large family or a community of seniors etc?
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Economics could learn a lot from software systems engineering here. We implement things like backpressure, caching, and exponential backoff to mitigate these kind of problems.
(I'm not familiar enough with supply chain to know to what extent these are already implemented.)
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They are but not as sophisticated. It’s the same algorithms, but with harsher atoms constraints (eg. inventory of produce rots, caches can stay refreshed forever while the power is on). In fact I suspect the earliest CS versions were probably derived from operations research.
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