#Friday #fractal x.com/scienconomy/st…

Cats can also be game theorists. Problem: coordination game. A resource can only be accessed by one player at any given moment. Solution (when game lasts long enough): turn-taking strategy. How it is enforced: emergence of a norm of reciprocal sharing.

BREAKING NEWS: The 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer “for their experimental approach to alleviating global poverty.” #NobelPrize

One reason why grad students find it tough to do economic theory: It takes courage to make wrong guesses. For (most) problem sets, you know ahead of time that your target theorem is true and provable. For real research, you have to guess. (1/N)

On Tuesday, in my class, we have learnt that all a neural net does is stretching / contracting the space fabric. For example this 3-layer net (1 hidden layer of 100 positive neurons) gets its 5D logits (2D projections) linearly separable by the classifier hyperplanes (lines).

NEW Discussion Paper: "A Strategic Topology on Information Structures" By Dirk Bergemann, Stephen Morris, & Rafael Veiel: cowles.yale.edu/research/cfdp-…

We're excited that Rafael Veiel will be joining the department as an Assistant Professor in the fall! 🤘 Rafael Veiel