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Revealed Preference: Difference between revisions
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Text replacement - "|usernameurl=https://x.com/EricRWeinstein↵|username=EricRWeinstein" to "|usernameurl=https://x.com/ericweinstein |username=ericweinstein"
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|nameurl=https://x.com/EricRWeinstein/status/5680084685 | |nameurl=https://x.com/EricRWeinstein/status/5680084685 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=What are the best odds and terms currently available on $10000 betting against supersymmetry at LHC? | |content=What are the best odds and terms currently available on $10000 betting against supersymmetry at LHC? | ||
|thread= | |thread= | ||
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|nameurl=https://x.com/EricRWeinstein/status/5678574456 | |nameurl=https://x.com/EricRWeinstein/status/5678574456 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=One detector at LHC only requires the threat of data. Measuring hype by circulating wagers, it's called 'revealed preference'. | |content=One detector at LHC only requires the threat of data. Measuring hype by circulating wagers, it's called 'revealed preference'. | ||
|timestamp=12:53 PM · Nov 13, 2009 | |timestamp=12:53 PM · Nov 13, 2009 | ||
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|nameurl=https://x.com/EricRWeinstein/status/5678756417 | |nameurl=https://x.com/EricRWeinstein/status/5678756417 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=The highest odds offered for any positive LHC result on Higgs, Supersymmetry, etc.. is N:1. Solve for N. | |content=The highest odds offered for any positive LHC result on Higgs, Supersymmetry, etc.. is N:1. Solve for N. | ||
|timestamp=1:02 PM · Nov 13, 2009 | |timestamp=1:02 PM · Nov 13, 2009 | ||
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|nameurl=https://x.com/EricRWeinstein/status/6766977886 | |nameurl=https://x.com/EricRWeinstein/status/6766977886 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=Revealed preference is a theory that we must trust google with our secrets more than our spouses, government or children. | |content=Revealed preference is a theory that we must trust google with our secrets more than our spouses, government or children. | ||
|timestamp=3:56 PM · Dec 17, 2009 | |timestamp=3:56 PM · Dec 17, 2009 | ||
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|nameurl=https://x.com/EricRWeinstein/status/8766823169 | |nameurl=https://x.com/EricRWeinstein/status/8766823169 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=Via [[Revealed Preference|revealed preference]], [[Ronald Coase|Coase]] seems to me a modern Solomon asking "Do you really love efficiency, or do you plead before us to seek rent?" | |content=Via [[Revealed Preference|revealed preference]], [[Ronald Coase|Coase]] seems to me a modern Solomon asking "Do you really love efficiency, or do you plead before us to seek rent?" | ||
|thread= | |thread= | ||
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|nameurl=https://x.com/EricRWeinstein/status/8755313285 | |nameurl=https://x.com/EricRWeinstein/status/8755313285 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=I guessed wrong when I first heard [[Ronald Coase|Coase's theorem]] phrased as an economics puzzle. No shame in that: it's as deep as it is elegant. | |content=I guessed wrong when I first heard [[Ronald Coase|Coase's theorem]] phrased as an economics puzzle. No shame in that: it's as deep as it is elegant. | ||
|timestamp=6:44 AM · Feb 7, 2010 | |timestamp=6:44 AM · Feb 7, 2010 | ||
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|nameurl=https://x.com/EricRWeinstein/status/8766534736 | |nameurl=https://x.com/EricRWeinstein/status/8766534736 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=To me, [[Ronald Coase|Coase's result]] is simultaneously radical in opposite political directions by decoupling efficiency & distribution via securitization. | |content=To me, [[Ronald Coase|Coase's result]] is simultaneously radical in opposite political directions by decoupling efficiency & distribution via securitization. | ||
|timestamp=2:50 PM · Feb 7, 2010 | |timestamp=2:50 PM · Feb 7, 2010 | ||
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|nameurl=https://x.com/EricRWeinstein/status/810948452658003968 | |nameurl=https://x.com/EricRWeinstein/status/810948452658003968 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=1) is total agreement. Very hard to do [[Revealed Preference|revealed preference]] with the incompetent actors now proliferating. | |content=1) is total agreement. Very hard to do [[Revealed Preference|revealed preference]] with the incompetent actors now proliferating. | ||
|thread= | |thread= | ||
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|nameurl=https://x.com/EricRWeinstein/status/810908346333073408 | |nameurl=https://x.com/EricRWeinstein/status/810908346333073408 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=I'm watching my mind changing. It can't make reliable sense of individual events as much. Too many cryptic players. Some skilled, some not. | |content=I'm watching my mind changing. It can't make reliable sense of individual events as much. Too many cryptic players. Some skilled, some not. | ||
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|nameurl=https://x.com/EricRWeinstein/status/810915410396594184 | |nameurl=https://x.com/EricRWeinstein/status/810915410396594184 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=@gabrielapetrie That's great! I just don't know how you know w confidence if the obvious explanation is the correct one. I can't do that now | |content=@gabrielapetrie That's great! I just don't know how you know w confidence if the obvious explanation is the correct one. I can't do that now | ||
|timestamp=6:31 PM · Dec 19, 2016 | |timestamp=6:31 PM · Dec 19, 2016 | ||
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|nameurl=https://x.com/EricRWeinstein/status/810915854548205577 | |nameurl=https://x.com/EricRWeinstein/status/810915854548205577 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=Yes to "it's nothing new." No to "same old same old. Nothing's changed." If anything, it's an older way rebooting itself now. | |content=Yes to "it's nothing new." No to "same old same old. Nothing's changed." If anything, it's an older way rebooting itself now. | ||
|timestamp=6:33 PM · Dec 19, 2016 | |timestamp=6:33 PM · Dec 19, 2016 | ||
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|nameurl=https://x.com/EricRWeinstein/status/810948216116023296 | |nameurl=https://x.com/EricRWeinstein/status/810948216116023296 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=85% agree for most folks. The illusion of "I get this" is slowly evaporating. | |content=85% agree for most folks. The illusion of "I get this" is slowly evaporating. | ||
|timestamp=8:41 PM · Dec 19, 2016 | |timestamp=8:41 PM · Dec 19, 2016 | ||
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|nameurl=https://x.com/EricRWeinstein/status/1410971746778304518 | |nameurl=https://x.com/EricRWeinstein/status/1410971746778304518 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=Please share the lead tweet in this thread if you are concerned that throttling by Twitter will keep this proposal from being considered and helping to get us to Herd Immunity quickly. Let's change the discussion and go back to old style leadership in crisis. | |content=Please share the lead tweet in this thread if you are concerned that throttling by Twitter will keep this proposal from being considered and helping to get us to Herd Immunity quickly. Let's change the discussion and go back to old style leadership in crisis. | ||
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|nameurl=https://x.com/EricRWeinstein/status/1410969453710303232 | |nameurl=https://x.com/EricRWeinstein/status/1410969453710303232 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=There is a very simple way that Pharmaceutical companies can quash the fears of misinformation using the economic theory of [[Revealed Preference]]: By forgoing the protection of the PREP act from liability if vaccines are later found unsafe: | |content=There is a very simple way that Pharmaceutical companies can quash the fears of misinformation using the economic theory of [[Revealed Preference]]: By forgoing the protection of the PREP act from liability if vaccines are later found unsafe: | ||
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|nameurl=https://x.com/EricRWeinstein/status/1410969454599499780 | |nameurl=https://x.com/EricRWeinstein/status/1410969454599499780 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=Here's how it works. We are all told that these vaccines are safe and effective. That will not prevent frivolous lawsuits, so Pharmaceutical executives will *need* to be immunized from that. The expert claim is that the vaccines are safe and will not have long term side effects. | |content=Here's how it works. We are all told that these vaccines are safe and effective. That will not prevent frivolous lawsuits, so Pharmaceutical executives will *need* to be immunized from that. The expert claim is that the vaccines are safe and will not have long term side effects. | ||
|timestamp=2:31 PM · Jul 2, 2021 | |timestamp=2:31 PM · Jul 2, 2021 | ||
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|nameurl=https://x.com/EricRWeinstein/status/1410969455425818626 | |nameurl=https://x.com/EricRWeinstein/status/1410969455425818626 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=This is good news. Even great news. This allows Pharma executives to SILENCE ONCE AND FOR ALL all concerns about vaccine safety and disinformation that threaten public health. By forgoing protection from liability of unintended consequences, the anti-vaxxers lose instantly. WIN! | |content=This is good news. Even great news. This allows Pharma executives to SILENCE ONCE AND FOR ALL all concerns about vaccine safety and disinformation that threaten public health. By forgoing protection from liability of unintended consequences, the anti-vaxxers lose instantly. WIN! | ||
|timestamp=2:31 PM · Jul 2, 2021 | |timestamp=2:31 PM · Jul 2, 2021 | ||
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|nameurl=https://x.com/EricRWeinstein/status/1410969456302428167 | |nameurl=https://x.com/EricRWeinstein/status/1410969456302428167 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=One does not need liability protection for selling pure distilled water or healthy iceberg lettuce. Same with safe vaccines. All that's needed is protection from FRIVOLOUS lawsuits, not from actual injury or death due vaccine as the vaccines are safe. | |content=One does not need liability protection for selling pure distilled water or healthy iceberg lettuce. Same with safe vaccines. All that's needed is protection from FRIVOLOUS lawsuits, not from actual injury or death due vaccine as the vaccines are safe. | ||
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|nameurl=https://x.com/EricRWeinstein/status/1410969457137094656 | |nameurl=https://x.com/EricRWeinstein/status/1410969457137094656 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=Let's get big Pharma the immunity they need from frivolous lawsuit. Make it ABSOLUTE. But let us ask them in turn to lead the way by showing how confident they are. If vaccine hesitancy is madness, the safety of the vaccines are the only protection they need. Let's get this done. | |content=Let's get big Pharma the immunity they need from frivolous lawsuit. Make it ABSOLUTE. But let us ask them in turn to lead the way by showing how confident they are. If vaccine hesitancy is madness, the safety of the vaccines are the only protection they need. Let's get this done. | ||
|timestamp=2:31 PM · Jul 2, 2021 | |timestamp=2:31 PM · Jul 2, 2021 | ||
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|nameurl=https://x.com/EricRWeinstein/status/1410970750631116802 | |nameurl=https://x.com/EricRWeinstein/status/1410970750631116802 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=As the recipient of the Johnson & Johnson Covid Vaccine and w/ family vaccinated with Pfizer's Vaccine, I call on executives of these two companies to show the same faith in their product that I have shown. This is the slam dunk that ends the issue. All it takes is confidence. 🙏 | |content=As the recipient of the Johnson & Johnson Covid Vaccine and w/ family vaccinated with Pfizer's Vaccine, I call on executives of these two companies to show the same faith in their product that I have shown. This is the slam dunk that ends the issue. All it takes is confidence. 🙏 | ||
|timestamp=2:36 PM · Jul 2, 2021 | |timestamp=2:36 PM · Jul 2, 2021 | ||
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|nameurl=https://x.com/EricRWeinstein/status/1456733111954272257 | |nameurl=https://x.com/EricRWeinstein/status/1456733111954272257 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=I would take a look at [[Paul Samuelson|Paul Samuelson’s]] Nobel lecture. He goes into depth on [[Revealed Preference|revealed preference]] and preference field non-integrability. I think we have lost track of the fact that integrability of tastes was never actually settled except by fiat. Will talk on this. | |content=I would take a look at [[Paul Samuelson|Paul Samuelson’s]] Nobel lecture. He goes into depth on [[Revealed Preference|revealed preference]] and preference field non-integrability. I think we have lost track of the fact that integrability of tastes was never actually settled except by fiat. Will talk on this. | ||
|thread= | |thread= | ||
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|nameurl=https://x.com/EricRWeinstein/status/1456319697855528960 | |nameurl=https://x.com/EricRWeinstein/status/1456319697855528960 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=ANNOUNCEMENT: I head next week to @UChicago for 5 days (Nov. 8-12) at the request of its storied Department of Economics to present our theory that all of economics is based on the wrong version of the differential calculus. | |content=ANNOUNCEMENT: I head next week to @UChicago for 5 days (Nov. 8-12) at the request of its storied Department of Economics to present our theory that all of economics is based on the wrong version of the differential calculus. | ||
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|nameurl=https://x.com/EricRWeinstein/status/1456406149020872704 | |nameurl=https://x.com/EricRWeinstein/status/1456406149020872704 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=Weird question. You seem to have me confused for the BLS. I don't take in Data. I don't have a staff or a budget. You're assuming that I have the 'Real Inflation & [[CPI]] numbers'. I don't. | |content=Weird question. You seem to have me confused for the BLS. I don't take in Data. I don't have a staff or a budget. You're assuming that I have the 'Real Inflation & [[CPI]] numbers'. I don't. | ||
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|nameurl=https://x.com/EricRWeinstein/status/1456406149020872704 | |nameurl=https://x.com/EricRWeinstein/status/1456406149020872704 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=Just to give you an idea: | |content=Just to give you an idea: | ||
|media1=ERW-X-post-1456406937155764225-FDYyVfZUcAQipT1.jpg | |media1=ERW-X-post-1456406937155764225-FDYyVfZUcAQipT1.jpg | ||
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|nameurl=https://x.com/EricRWeinstein/status/1456426248326897666 | |nameurl=https://x.com/EricRWeinstein/status/1456426248326897666 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=I didn’t say what you said. I said there was a wrong theory for [[CPI]]. We corrected that theory. | |content=I didn’t say what you said. I said there was a wrong theory for [[CPI]]. We corrected that theory. | ||
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|nameurl=https://x.com/EricRWeinstein/status/1456427997813116928 | |nameurl=https://x.com/EricRWeinstein/status/1456427997813116928 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=As an example. The [[Boskin Commission|Boskin commission]] gave a single illustrative example in their report using two goods, chicken and beef. They gave prices but not ordinal utility. Here is the COL answer assuming Cobb-Douglas and Linear interpolation of all quantities. They could not compute it. | |content=As an example. The [[Boskin Commission|Boskin commission]] gave a single illustrative example in their report using two goods, chicken and beef. They gave prices but not ordinal utility. Here is the COL answer assuming Cobb-Douglas and Linear interpolation of all quantities. They could not compute it. | ||
|timestamp=1:07 AM · Nov 5, 2021 | |timestamp=1:07 AM · Nov 5, 2021 | ||
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|nameurl=https://x.com/EricRWeinstein/status/1456428415842586631 | |nameurl=https://x.com/EricRWeinstein/status/1456428415842586631 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=The reason they had no theory to cover it was because the C-D exponent changed. And there is a claim that no extension of the Konus COL exists for dynamic tastes. | |content=The reason they had no theory to cover it was because the C-D exponent changed. And there is a claim that no extension of the Konus COL exists for dynamic tastes. | ||
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|nameurl=https://x.com/EricRWeinstein/status/1456428604246560776 | |nameurl=https://x.com/EricRWeinstein/status/1456428604246560776 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=<nowiki>*</nowiki>leads not leases in the above. | |content=<nowiki>*</nowiki>leads not leases in the above. | ||
|timestamp=1:10 AM · Nov 5, 2021 | |timestamp=1:10 AM · Nov 5, 2021 | ||
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|nameurl=https://x.com/EricRWeinstein/status/1456432882994405384 | |nameurl=https://x.com/EricRWeinstein/status/1456432882994405384 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=Well I think the BLS should begin by questioning their own premises. They say they work in a COL framework. They do not. They do not share how they construct the representative consumer. How they estimate substitution if they don’t have preference data. It’s fake and a mess. | |content=Well I think the BLS should begin by questioning their own premises. They say they work in a COL framework. They do not. They do not share how they construct the representative consumer. How they estimate substitution if they don’t have preference data. It’s fake and a mess. | ||
|timestamp=1:27 AM · Nov 5, 2021 | |timestamp=1:27 AM · Nov 5, 2021 | ||
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|nameurl=https://x.com/EricRWeinstein/status/1456433552677998594 | |nameurl=https://x.com/EricRWeinstein/status/1456433552677998594 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=If they are going to do COLas they should estimate preferences. If they aren’t they should do mechanical index theory. | |content=If they are going to do COLas they should estimate preferences. If they aren’t they should do mechanical index theory. | ||
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|nameurl=https://x.com/EricRWeinstein/status/1456440941221335042 | |nameurl=https://x.com/EricRWeinstein/status/1456440941221335042 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=I am not sure. But the first question I have is do we believe ordinal preference maps are constructable from [[Revealed Preference|revealed preference]]. | |content=I am not sure. But the first question I have is do we believe ordinal preference maps are constructable from [[Revealed Preference|revealed preference]]. | ||
|timestamp=1:59 AM · Nov 5, 2021 | |timestamp=1:59 AM · Nov 5, 2021 | ||
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|nameurl=https://x.com/EricRWeinstein/status/1457048565964963841 | |nameurl=https://x.com/EricRWeinstein/status/1457048565964963841 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=What I'm looking for is for BLS to stop pretending it's discerning "THE rate of inflation" to admit that it's making *policy* choices while appearing to be technical. It's determining our taxes and our entitlements by indexing, with our future in its hands as mere 'technicians'. | |content=What I'm looking for is for BLS to stop pretending it's discerning "THE rate of inflation" to admit that it's making *policy* choices while appearing to be technical. It's determining our taxes and our entitlements by indexing, with our future in its hands as mere 'technicians'. | ||
|thread= | |thread= | ||
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|nameurl=https://x.com/EricRWeinstein/status/1457048560050925568 | |nameurl=https://x.com/EricRWeinstein/status/1457048560050925568 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=Great news, given that *every* tick of your BLS [[CPI]] forces billions of dollars to change hands. | |content=Great news, given that *every* tick of your BLS [[CPI]] forces billions of dollars to change hands. | ||
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|nameurl=https://x.com/EricRWeinstein/status/1457048561535782914 | |nameurl=https://x.com/EricRWeinstein/status/1457048561535782914 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=I cannot find any place where the preference maps needed to construct a Laspeyres Konus COL index are gleaned through [[Revealed Preference|revealed preference]]. I will go so far as to say that this is bait & switch. There is a CLAIM of a COL framework, but no one is constructing anything of the kind. | |content=I cannot find any place where the preference maps needed to construct a Laspeyres Konus COL index are gleaned through [[Revealed Preference|revealed preference]]. I will go so far as to say that this is bait & switch. There is a CLAIM of a COL framework, but no one is constructing anything of the kind. | ||
|timestamp=6:13 PM · Nov 6, 2021 | |timestamp=6:13 PM · Nov 6, 2021 | ||
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|nameurl=https://x.com/EricRWeinstein/status/1457048562546532354 | |nameurl=https://x.com/EricRWeinstein/status/1457048562546532354 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=Q1: Where exactly do I find the ordinal indifference maps constructed by BLS for a 'Representative Consumer' used to find substitution bias in fixed basket Mechanical approximations to a welfare Cost-Of-Living framework based on a Konus economic index of intertemporal welfare? | |content=Q1: Where exactly do I find the ordinal indifference maps constructed by BLS for a 'Representative Consumer' used to find substitution bias in fixed basket Mechanical approximations to a welfare Cost-Of-Living framework based on a Konus economic index of intertemporal welfare? | ||
|timestamp=6:13 PM · Nov 6, 2021 | |timestamp=6:13 PM · Nov 6, 2021 | ||
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|nameurl=https://x.com/EricRWeinstein/status/1457048563532251145 | |nameurl=https://x.com/EricRWeinstein/status/1457048563532251145 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=Q2: What happens to our BLS COL framework when ordinal tastes change? How is the effect of substitution due to price change disaggregated by BLS from changes in ordinal preferences? This is important because marketing, education, etc change tastes & there is no theory for this. | |content=Q2: What happens to our BLS COL framework when ordinal tastes change? How is the effect of substitution due to price change disaggregated by BLS from changes in ordinal preferences? This is important because marketing, education, etc change tastes & there is no theory for this. | ||
|timestamp=6:13 PM · Nov 6, 2021 | |timestamp=6:13 PM · Nov 6, 2021 | ||
| Line 451: | Line 451: | ||
|nameurl=https://x.com/EricRWeinstein/status/1457048564547272705 | |nameurl=https://x.com/EricRWeinstein/status/1457048564547272705 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=Let me give you the non-answers so you can correct: | |content=Let me give you the non-answers so you can correct: | ||
| Line 469: | Line 469: | ||
|nameurl=https://x.com/EricRWeinstein/status/1671013421633142784 | |nameurl=https://x.com/EricRWeinstein/status/1671013421633142784 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=Actually what you did was needlessly muddy the waters in a revealed preference situation funded by others. | |content=Actually what you did was needlessly muddy the waters in a revealed preference situation funded by others. | ||