🔥The 9th Round of Easy Loan, Earn $40 Reward is in progress❗️ ⏰ Promotion Period: January 15th - Feburary 15th, 2025 👉 Register now and check more details at gate.io/campaigns/358

The strangest thing about moving from astronomy to economics was finding out that the field of efficiency and incentives leaves the only real academic signal about contribution to random biological luck

Really good point on how you can use the concept of AI alignment in support of your own pet normative assumptions

In dictator games, ~30-50% of people are "selfish", i.e. would not give any of a randomly allocated $100 to a stranger. Question: Has anyone checked how many keep $1 over giving a stranger $100 (or similar)? In other words, what share of people _only_ care about themselves?

Excited to be lecturing at the UC Berkeley Summer Institute on economic inequality this week, together with an excellent set of researchers. I'll be discussing the idea of inequality as an externality + a new paper on preferences for a global billionaire tax across the world.

Something that's often missed about the Saez and Zucman estimates of pre-tax income inequality (black) is that their modifications to the raw data (white) significantly _reduces_ how much inequality has increased since 1980.

The G7 is exempting American multinationals from the global minimum tax. It’s pathetic and scandalous.

Luis Augusto Fretes Matthew Yglesias (But you are right, in production there are so many inputs that, if you were to remove them, the output would fall to zero, which is precisely why it is impossible to *mathematically* determine how much of the output each input is *responsible* for, Sen's point below)

Ever feel like everything online is getting angrier? You’re not imagining it. Tweets with anger have surged since 2013, while neutral content has declined. 📉 And it matters for policy—our new paper shows how emotions shape what people support. socialeconomicslab.org/research/worki…

Perfect example of why inequality externality beliefs drive policy preferences. The original poster believes that inequality is not an externality. The reply guy thinks inequality is a strong negative externality. And so we debate

Could giving $1,000 to the poor and $2,000 to the rich be a progressive policy? Yes. (For legal purposes I do not endorse this policy)