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Joined 2 years ago
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Cake day: December 1st, 2023

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  • Meron35
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    toScience Memes@mander.xyzsame shit every day, on god
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    4 hours ago

    Low key this is a great way to convince people to switch away from fossil fuels.

    Most people seemingly don’t know that coal/gas stations work by essentially boiling water. Most are horrified at how trashy and underdeveloped the concept is compared to high tech alternatives like solar, wind, or hydro.


  • Apologies for my pointed tone, but the demotion of Economics as a lesser science due to lack of controlled experiments is a pet peeve of mine.

    Economists do run experiments, or work very hard to try to hard quasi-like experiment designs.

    Angrist Krueger won a Nobel for showing that increasing minimum wage actually increases overall employment, by utilising data in border towns in NJ/NY where the differing laws across state lines constituted a natural experiment.

    Amy Finkelstein won a Bates medal (basically a baby Nobel) for her work in health policy, which involves being the lead investigator in coordinating the large scale Oregon Health Insurance Experiment that randomly assigned participants with health insurance.

    It’s even possible, though much more difficult, on the macro side. Scholars such as Emi Nakamura look at high-frequency data of bond markets to see how markets and the economy respond to the actions of the Federal Reserve.

    More recently, “General Equilibrium Effects of Cash Transfers: Experimental Evidence From Kenya” won the Frisch medal for conducting randomised, large scale cash transfers to low income, isolated rural communities, where due to the isolation, could make it arguably similar to UBI.

    Actually good Econ channels:

    Money and Macro

    TLDR News (though their non UK/global coverage is a bit sus)

    National Bureau of Economic Research (live streams economic research conferences, wouldn’t recommend actually watching but you can get a feel for what Econ actually does)

    Unlearning Economics (maybe only 70% correct, but very engaging and not as “mainstream”)

    Shit tier channels (at least for Econ):

    Economics Explained

    Kurzgesagt

    Infographics Show


  • Alright now that you got me started I’m going to crash out for a little bit.

    I fucking hate how Econ-101 types conflate the economic definition of rationality with the general definition of rationality.

    This, combined with a fundamental misunderstanding of what economic rationality is in the first place forms their justification for looking down on people’s “irrational” decisions, which are basically anything other than selfish asshole behaviour.

    First, economic rationality simply means that given some set of choices, you are able to order them in terms of their utility, and that your decisions are consistent with this ranking. Utility, as every economist stresses, is entirely dependent on every individuals needs and wants, and there is a wealth of research which shows that people enjoy charitable decisions, like shouting a meal for a friend, or volunteering.

    Even then, it is well known (and immediately taught) that rationality is basically impossible to hold in reality, and this most people are economically irrational. E.g. for a fast food set of a burger, fries, and drink, when comparing two items I prefer burger > fries, fries > drink, and drink > burger, which forms an impossible order of utility.

    And even for seemingly frivolous/trashy decisions like gaudy designer bags made by poorer people, there is extensive economic evidence that the resulting recognition of wealth from their peer groups results in net positive effects such as promotions/better networks. This is no different conceptually to the “quiet luxury” purchases of rich people - the only difference is that only other rich people are able to recognise the “simple” $700 plain t shirts. In either scenario, depending on the individual, there is a strong case for these decisions to be “rational”.

    On a related note, these types also play a few games related to the prisoners dilemma, and believe they are the experts on matters of public policy (in most cases, that the tragedy of the commons is inevitable and we should give up).

    Except that the prisoner’s dilemma is a stupid and unrealistic thought experiment. Elinor Ostrom won a fucking Nobel prize by documenting extensive evidence that if everyone in a community is properly represented and co-ordinate, the tragedy of the commons does not occur; the tragedy of the commons does occur if any participant wields too much socio-economic power.




  • Econ 101 types are so insufferable and are often the C+ student in Econ 101.

    Supply and demand only works in perfectly competitive markets where all parties have perfect information (literally taught in Econ 101).

    Companies know this, and do everything in their power to ensure this doesn’t happen, because any surplus due to assymetries flow to the participant with the advantage (also taught in Econ 101).






  • Meron35
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    toLinux Gamingdont do this.
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    4 days ago

    It is actually impressive how Windows Update not only breaks Windows, but also other OSes on completely different drives

    (Yes it broke my dual booted Linux, and then somehow even broke Linux again even after I moved it to a completely separate drive)