Saturday, March 12, 2011
Sondheim, Burton, Depp and Rickman's "Pretty Women"
Wednesday, February 23, 2011
Econlinks: The Freudian interlude
- Seinfeld's spongeworthy Elaine, an unusual, limited-purpose --but very thorough-- option theory application, by the one and only Avinash Dixit.
- All passé now, but hopefully you did pick your favorite Cupid.
- New academic econ world order... but only if you fail to control for the quality of the journals those papers are published in (my conjecture is that if you take only the top 5-10 journals, the US-EU average gap actually widened). Unfortunately, most European academic economists still believe that publishing frequently into journals (almost) nobody can remember the names of, or reads, actually makes any difference (other than locally). Pretty Freudian, if you ask me.
- Compensating wage differentials for sexual harassment? Via: Tabarrok's politically incorrect MR example.
- Ely has a good analysis of an (the?) ubiquitous situation arising in the econ (not necessarily junior) job market. Hamermesh's post on Freakonomics is more related to that than you'd first think.
- Finding the G-spot; next will be tasting it.
- Massive reorganization of science funding in Europe... Something promised every four years or so; at least in that practice they are consistent. I don't really know why they aim to change these things ever so often, seemingly just to leave their mark, instead of making sure something actually works well, for once . Very European, and very Freudian...
- Looks a bit shaky research-wise, but let's take it at face value for now: heterogenous effects of the scent of a woman (I guess Colonel Frank Slade had a simpler, yet practical, view of life). In all cases, a related (albeit equally shaky...) study reaches what looks to me like the right conclusions, which even Slade aka Pacino could adhere to: "Our investigation, however, demonstrates that implicitly preventing people from attending to desirable relationship alternatives may undermine, rather than bolster, the strength of that person’s romantic relationship" HT: Freakonomics.
Sunday, February 06, 2011
Econlinks: Of (visual) art, old and new
- The third and the seventh: imagination materialized or Alex Roman's computer generated art. Via Michael Nielsen.
- Staying in CG: meet Julia Map, of Google ancestry. And since we're here, read how the fractals changed the world --which was in a way also part of the obituary to Father Fractal, Benoit Mandelbrot, who passed away a couple of months ago; see a better one from the Economist. My own brief memories of him: I met Mandelbrot at a workshop on economics with heterogenous agents (WEHIA) at Essex University, back in 2005. Before his keynote speech, he introduced himself in the following very humorous way (paraphrasing): "Hi, I am Benoit Mandelbrot. And I am not dead yet. [pause] I tell you that because I have just met somebody in the corridor who told me: 'OMG, you are Benoit Mandelbrot. I thought you were dead for a long time now' ".
- Meet Jeremy Mayer, tamer of the typewriter. "I disassemble typewriters and then reassemble them into full-scale, anatomically correct human figures. I do not solder, weld, or glue these assemblages together- the process is entirely cold assembly. I do not introduce any part to the assemblage that did not come from a typewriter".
- Back to the traditional, but impressively executed: meet Camille Seaman. From the "Last Iceberg series" statement: "Nick Cave once sang, 'All things move toward their end.' Icebergs give the impression of doing just that, in their individual way much as humans do; they have been created of unique conditions and shaped by their environments to live a brief life in a manner solely their own. Some go the distance traveling for many years slowly being eroded by time and the elements; others get snagged on the rocks and are whittled away by persistent currents. Still others dramatically collapse in fits of passion and fury."
- On the art of fiction: interview with Michel Houllebecq, born provocateur. Hat tip MR.
- And yes, she is back online (hopefully she is now here to stay)! Meet my friend Anna, talented photographer and undercover economist.
Tuesday, January 25, 2011
Econlinks: In degrees of awesomeness
- Greg Mankiw seems to be arguing for a European-type separate master + PhD graduate Econ program-- such as those at LSE, Oxford, Pompeu Fabra, Tinbergen Institute, and (I guess) the newish Paris School of Economics entity-- rather than the US-type graduate PhD package, which comes with a (usually elective) master on the way (that is somewhat ironic, given the desire of the typical high-aspiring European place to ultimately emulate the US top places). In any case, assessing the total costs and benefits of these two alternatives remains a difficult empirical quest.
- Awesome grants, via Michael Nielsen.
- MR has linked to direct evidence that the History academic job market was hit way harder (e.g., this year lowest number of positions in a quarter century) than the Economics academic job market (and most likely than any other discipline's job market), which is almost back to the pre-recession level. (My wise friend Daniel, the historian of science with whom I talked several times about this, was absolutely right in his intuitive assessment)
- Awesome (albeit late) discovery. After reading Gelman's WSJ story, I am decided to request a priori a "kill fee provision", whenever I am asked again to write stuff for various non-scientific outlets; I had similar experiences with a couple of Romanian (some, not surprisingly, now defunct...) newspapers, and, in particular, with the (very surprisingly, still surviving...) Aarhus School of Business internal press. Except that I ended up wasting time and not getting any 'kill fee' for it. Sometimes you have to learn from your own mistakes.
- Creative love song for Friedrich Hayek. Great, as so far Keynes seemed to get all the love (plus the hangovers, true): last bullet point.
- Very well presented classic economic arguments for raising public college tuition fees by Gary Becker and Richard Posner. Digest them carefully, as they might appear counter-intuitive (witness the frequent nonsensical arguments against such tuition raises) even to intellectuals -- those without training in and/or understanding of Economics.
- Awesome reply to comment in the scientific journal world.
- As controversial as outputs of such activity might currently be, concretely gathering brains in such 'intellectual ventures'--in fact: literally leading to brainstorming-- is just awesome. The idea in itself is of course not new, Myhrvold just had the will-- and financial means!-- to implement it on such a scale
Sunday, January 02, 2011
Take 5 in 2011
Saturday, December 25, 2010
Merry Christmas!
Saturday, December 04, 2010
Flawless: Kseniya
After this, what is left for us to write? I bow in front of the real talent.
Tuesday, November 30, 2010
Blog birthday. Senses. And jazz.
- a second perennial motto, see blog footer; David Hilbert's Optimismus in der Forschung (und in das Leben!) is joined by Giacomo Casanova's raison d'être.
- a wonderful, complex, complete musical masterpiece; Chicago right now feels almost as dim and rainy as Barron and Haden's flawless "Twilight" in NYC.
Monday, November 15, 2010
Chicago Michelin Preamble: The Bib Gourmands
- The Girl and The Goat (been there twice; see blurry photo capturing happy diners Seb, Veronica, Eva, and Rob, with chef Stephanie Izard in the centre)
- Perennial
- Riccardo Trattoria (twice)
- Hopleaf (several times)
- Mixteco Grill
- The Purple Pig
Sunday, September 19, 2010
Restoring Sanity vs Keeping Fear Alive
Rally to Restore Sanity | |
www.thedailyshow.com | |
March to Keep Fear Alive | |
www.colbertnation.com | |
Saturday, August 14, 2010
Up in the air
To top it all, I've seen "Up in the air" just the proper way, up in the air-- during my Chicago-Amsterdam trip yesterday. And, obviously, I write this post from Schiphol's KLM lounge, soon to be up in the air again, this time to Shanghai. "Bingo. Asians."
Sunday, July 18, 2010
NBER SI & ICA @ Boston
Saturday, March 06, 2010
Weekend econlinks: The quest for perfection
- Gelman writes a useful overview on causality and statistical learning (caveat lector: I have only read through Angrist and Pischke's book, among the three Gelman mentiones; that one is very well written, but aimed at junior graduate students at best: hence, the book's tag "an empiricist's companion" is overselling it; and that has nothing to do with Josh Angrist kindly "advising" me to change my PhD topic/focus, sometime in my beginning graduate years, because 'nobody serious would be interested in structural modelling' :-)). I guess I would position myself more within the “minority view” set, represented here by Heckman (I wouldn’t say that is really a "minority" within Economics alone, by the way), but the usefulness of these debates cannot be questionned. And an outsider's (to Economics) opinion, such as Gelman's, is always more than welcome. Related, the WSJ talks about statistical time travelling to answer interesting counterfactuals; I have a feeling I'll stick to my structural guns for now...
- An excellent article on the junior meritocracy and the perils of standardized testing at very young ages. I share most of the worries expressed therein and indeed agree that the marshmallow test would say at least as much, and probably more, than a standardized intelligence test, in the case of toddlers. My general take is that young humans have much more complex personalities than usually warranted, in ways that elude any catch-all type of tests: after all, some even fall in love at 3 years old.
- The perfect, employer-focused, resume. Uses creativity somewhat differently than its more modern counterparts; I am sure Leonardo would be the one to get all the flyouts and job offers today, as his modern CV were obviously recession-proof.
- The ubiquitous problem with such academic et al rankings (which I brought over and over, including in earlier posts and articles, particularly concerning the academic ranking obsession in Romania, where they also-- still! -- have problems understanding that a publication 'anywhere in ISI' can be total nonsense) is that they try to rank overall, ie. over all disciplines, often over (too) long periods of time etc. The only meaningful hierarchies in science are those done on specific disciplines and, even better, subdisciplines, and over shorter periods of time, thus revealing top new places etc. Then, inter alia, one would not be able to claim that biological sciences are advantaged, since there would be a within-discipline focus. I haven’t heard a single serious (but plenty of marginal) scientist(s) stressing the relevance of the rank of her/his university/institution over that of her/his department/research group. Politicians and journalists should take note, too.
- The perfect chef? That is intriguing enough: I would certainly like to know whether one can trace his whereabouts anywhere around Chicago, in the near future. And the (allegedly) perfect place for the greatest wine-- Rekondo, San Sebastian-- for the far(ther) future.
- Gastronomic sacrilège: where have all the great cheeses gone-- roquefort, camembert, brie de Meaux, Saint-Félicien, gruyère, comté, münster, pont l’évêque, cantal, reblochon, tomme de Savoie, crottin de chavignol?! Worse, together with the cheese, soon gone might be oysters, and epsilon common sense... Quo vadis, France?
- Searching for the perfect chess player, human or machine... Put your money on AI; leave poker for humans.
- The most exciting scientific upshot I've heard about in a great while: explaining the tip-of-the-tongue moments. It comes finally clear (although at this stage I understand it is still just speculative/conjectural, and needs more testing) why polyglots (such as I like to consider myself...) have more of a problem in remembering specific words than people who use a single language: “ […] this kind of forgetfulness is due to infrequency of use; basically, the less often you use a word, the harder it is for your brain to access it." Good, I will feel much better when invoking 'lapsus memoriae' next time :-).
- The quest for the better, simpler, (American) living times: old, but superb Daily Show clip, via Tabarrok, on MR
- How very true, though my feeling is that the battle for the brightest junior (and not only) Economists is far from over. It is sadly not Europe overall that might offer an alternative for European economists (not a chance: for starters, Europe needs to cut that embarrasing red tape where academics depend on useless, worthless, ridiculous bureacrats, and to think of attractive real wages... ), but Canada and Australia, which look more and more like worthy competitors to the USA (top; the bulk is way worse than pretty much anywhere in western Europe) places (related, earlier).
Thursday, March 04, 2010
Shawms and bagpipes
Sunday, February 28, 2010
Sunday night econlinks: Interviews edition
- Sequence of very welcome interviews by John Cassidy with several members of the “Chicago School”, about the status of Economics in the context of the current crisis, the Chicago School nowadays, the Milton Friedman legacy etc: interview with Richard Posner; Eugene Fama; John Cochrane; Gary Becker; Jim Heckman; Kevin Murphy; Raghuram Rajan; and Richard Thaler (my favourite interviews here are the ones with Murphy, Heckman, and Rajan).
- Interesting interview with urban and environmental economist Matthew Kahn on green cities, environmental Kuznets curves, demographics in major cities, policies to attract and retain a skilled population base etc. Here’s one of the parts I like most: “I'm an honest man. I think it's important to know what you don't know. When you know that you don't know something, the answer is to experiment! “ Valid beyond this context.
- A chat with Greg Mankiw, Harvard professor, successful Economics blogger, former CEA head, and a total family guy.
- December ’09 video interview with John Nash; inter alia briefly touching on inaccuracies in A Beautiful Mind , childhood, home encyclopedias, meeting his wife, asking refugee status in Europe, willingness to still do some academic work etc.
- Interview with entrepreneur Peter Thiel, among other things cofounder of Paypal, and first investor in Facebook. Though confused about a few specific issues, his overall idea makes a lot of sense.
- Short interview with Yoram Bauman, the one and only stand-up Economist, on the need for humor and cartoon textbooks in Economics. We love this quote: “I put my left hand on the small of her back, I put my right hand on the curve of her hip, I put my invisible hand on her thigh”
- And finally, a very special simultaneous interview/debate (or, rather: rap) with John Maynard Keynes and Friedrich August von Hayek, on recipes for dealing with the current, or any other, economic crisis. The lyrics, if you want to learn this by heart.
Sunday, February 21, 2010
Sunday night econlinks: Submit the paper right now!
- The Tilburg Univ "Econ Schools Ranking". It is indeed using a rather decent pool of journals (for period 2004-2008) and moreover, you can construct your own top by choosing subsets of those journals (such as top 5 only, if you wish). Not a bad idea.
- Tabarrok on the issue of publishing referee reports. This by no means new, in fact I also had a few thoughts on this, inspired by others (inter alia, former editors at top journals, e.g., the PNAS) who had had such ideas etc.
- A pity they decided to close before I managed to assess them... While I honestly hope Ferran Adrià will revisit this decision, I cannot help noticing that this simply paves the way for the would-be King of Restaurants: El Bulli is dead, long live Noma! I promise to tell you more about Noma in the first week of April.
- (A noteworthy) LEAP forward at Harvard (via Al Roth, at Market Design). The sort of interesting academic initiatives that European universities would be wise to imitate (hope dies last)...
- Art catastrophes happen everywhere, quite frequently.
- The sustainable, meat-eating, vegetarians. And, (in a funny way) related, a great "Hústorta" short movie, by a promising young director, Jakab-Benke Nándor (with thanks to Dan). By the way, this Toldi restaurant in Cluj Napoca, on Clinicilor 23, (tried for the first time with the occasion of my recent trip there) is indeed a place where they know how to prepare meat. In general. So if you want good meat, definitely a place to try. The problem is that there is not much else than meat there... Literally. And they could do so much more. The service and ambiance are pretty decent, though they could invest in more/better marketing (online included, for instance).
- An ancient rejection letter (and more background to it). Would be a pity if this were not submitted to Economic Inquiry (first bullet point), for instance.
- Good: Jay McInerney apparently takes over the wine column at WSJ. Let us hope he's gonna be as entertaining as in Bacchus & me (first bullet point).
- Time to put all these culinary-links-Chicago in order and save for future reference, before I get there (blame the EU Commission if I am late): Chicago's great culinary middle ground. Assuming I will not go every second day to Avec (which I've tried twice by now) and above (looking very much forward to).
- And, finally for today, under the heading "Econ work is never over", this is a perfect advice for people like myself: "Submit the paper right now! Submit the paper right now!" Brilliant. Via Jeff Ely, at Cheaptalk.
Tuesday, February 02, 2010
Albert Einstein Bizottság: Szerelem
A subset of my favourite A.E. Bizottság pieces: "Szerelem" (perfect; if you make an effort to understand the lyrics, you will fully agree); "Kamikaze"; "Már megint ez a depresszió "; "Konyhagyeplő" ; "Putty Putty"; "Egy lány kéne nékem" (oh well, I see this one comes with a striptease session in the youtube clip; depending on your tastes/orientation that might be a plus or a minus :-)); finally (update) listen to/see this if you want the total fun part. You will enjoy all of it!
PS. Check out some other excellent/interesting Hungarian music I mentioned earlier on this blog: here, here, here, here, or here. Blame YouTube if clips are not available any longer (though, tip: you can still find them, if you search carefully, under different links).
Wednesday, November 18, 2009
Songwriters as innovators
Irving Berlin and Cole Porter were two of the great experimental songwriters of the Golden Era. They aimed to create songs that were clear and universal. Their ability to do this improved throughout much of their careers, as their skill in using language to create simple and poignant images improved with experience, and their greatest achievements came in their 40s and 50s. During the 1960s, Bob Dylan and the team of John Lennon and Paul McCartney created a conceptual revolution in popular music. Their goal was to express their own ideas and emotions in novel ways. Their creativity declined with age, as increasing experience produced habits of thought that destroyed their ability to formulate radical new departures from existing practices, so their most innovative contributions appeared early in their careers.
This is the abstract of David Galenson's new paper on the two creativity patterns in songwriting. Extremely interesting, very convincingly argued, and at the same time a crash course into the musical biographies of Berlin, Porter, Dylan, Lennon and McCartney. See also a previous entry on Galenson's research.
Sunday, April 26, 2009
Sunday night econlinks
- This Science piece on leverage being "the root of all financial turmoil" is interesting (will follow up on it), though a). I doubt leverage is "the" (only) root of the problem; b). we all know that leverage had a large impact, within classical Economics--see, e.g., Bob Solow's discussion on that, in his critical review of Posner's recent book. But well, Science prefers to cite econophysicists.
- Socially adjusted captchas, from the Google Research Blog
- Cheaptalk on something we're all interested in: Why she does and why she doesn't...
- Crisis, what crisis?! Petairways! For every pawsenger.
- The Susan Boyle case: A rush of dopamine?
- Total literary fusion: "And the pursuit of happiness", by Maira Kalman. (I am sure that Ana Pauper will also love this)
Sunday, March 15, 2009
Sunday morning econlinks
- Incentives and globalization, a brief but very interesting interview with Luis Garicano. Topics tackled here are CEOs, football, and...everything else.
- Geography of the recession in the USA. Thanks to Fred for the link!
- 'Wall Street on the Tundra': Iceland anno 2009 or... high time for the rise of the Icelandic women leaders... More. This has a higher likelihood than the 'Lehman Sisters', though I would strongly support the US (and a global, why not) version too (10th bullet point).
- The benefits of (financial) inactivity? Call it patience, though: nothing but the eternal "con calma", I'd say. BTW, I would have never thought Roubini to be that high on equity :-).
- Andrew Gelman & Hal Stern with a nice short paper on differences between statistically significant and statistically non-significant results that are themselves not significant... You can find zillions of examples in published Economics papers, as well. And I do plead guilty to not having paid enough attention to this, myself...
- God will listen to you for the next 6 months... at least here in Holland. The offer does not include answering, though :-).
- The African branding problem, very well explained by June Arunga, linked video on Bill Easterly's blog. And, connected, somebody else who should clearly feature on the same blog...
- Finally, for those of us who have non-convex desires, you might also consider the girl's marginal benefits (the lyrics) :-). The latter is also my proposed song of the day. All together now, accompanying Mike Toomey and Julia Zhang (excellent stuff, ad majora!): "Cause girl your marginal benefits far outweigh your marginal costs/ Without our equilibrium baby well you know I'd be lost/ Trapped inside this market I need you to buy my love/ Girl without your complementing goods well I'm just not enough"