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Stable Tastes: Difference between revisions

(Created page with "{{stub}} {{Tweet |image=Eric profile picture.jpg |nameurl=https://x.com/EricRWeinstein/status/3886175728 |name=Eric Weinstein |usernameurl=https://x.com/EricRWeinstein |username=EricRWeinstein |content=VaR -> Kayfabe <nowiki>|</nowiki> Coase -> Economics <nowiki>|</nowiki> Stable Tastes -> Kayfabe <nowiki>|</nowiki> Arrow's Theorem -> Economics <nowiki>|</nowiki> Rep. Consumer -> Kayfabe <...")
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/2811431872
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=In fact, joking with @toothfairycyber aside, the "tooth fairy" has far more science behind her than [[Stable Tastes|'stable tastes']]:
http://bit.ly/HaexQ
|timestamp=3:09 AM 路 Jul 24, 2009
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/3618131148
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Rules are that it has to be in the Econ department on video with [[Gary Becker|Becker]] present at Chicago or Jorgenson at [[Harvard]].
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/3617527422
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=[[Arrow's Impossibility Theorem|Arrow's impossibility theorem]] can be seen as a cohomological obstruction to constructing representative consumers without magical thinking.
|timestamp=2:42 AM 路 Aug 29, 2009
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/3617738723
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=[[Gary Becker|Becker's]] theory of [[Stable Tastes|stable homogenous tastes]] on the other hand is....words fail me...the greatest indictment of [[Peer Review|peer review]]. Ever.
|timestamp=2:54 AM 路 Aug 29, 2009
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/3617798373
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Just for a moment...put yourself in my shoes. I have an amazing theory of welfare with evolving tastes and a cult that claims [[Stable Tastes|stable tates]].
|timestamp=2:57 AM 路 Aug 29, 2009
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/3617875123
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Why stop at [[Stable Tastes|stable tastes]]? Why not declare yourself the last Pasha of Scotland and immune from bigamy laws as a winged son of Zeus?
|timestamp=3:01 AM 路 Aug 29, 2009
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/3618080234
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=$500 Challenge: Get me an invited Econ gig at Chicago / [[Harvard]] to confront the theory of ordinal welfare with [[Stable Tastes|stable homogenous tastes]].
|timestamp=3:13 AM 路 Aug 29, 2009
}}
|timestamp=3:16 AM 路 Aug 29, 2009
}}


{{Tweet
{{Tweet
Line 9: Line 78:
|content=VaR -&gt; [[Kayfabe]] <nowiki>|</nowiki> [[Ronald Coase|Coase]] -&gt; Economics <nowiki>|</nowiki> [[Stable Tastes]] -&gt; [[Kayfabe]] <nowiki>|</nowiki> [[Arrow's Impossibility Theorem|Arrow's Theorem]] -&gt; Economics <nowiki>|</nowiki> Rep. Consumer -&gt; [[Kayfabe]] <nowiki>|</nowiki> B. Scholes-&gt; Econ
|content=VaR -&gt; [[Kayfabe]] <nowiki>|</nowiki> [[Ronald Coase|Coase]] -&gt; Economics <nowiki>|</nowiki> [[Stable Tastes]] -&gt; [[Kayfabe]] <nowiki>|</nowiki> [[Arrow's Impossibility Theorem|Arrow's Theorem]] -&gt; Economics <nowiki>|</nowiki> Rep. Consumer -&gt; [[Kayfabe]] <nowiki>|</nowiki> B. Scholes-&gt; Econ
|timestamp=12:26 PM 路 Sep 10, 2009
|timestamp=12:26 PM 路 Sep 10, 2009
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1461434251107180551
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=<nowiki>#</nowiki>bitcoin #Crypto #nft #Blockchain #Decentralization #DeFi #web3 #inflation #cpi #Trade #gaugetheory
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1461432604477911040
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Bitcoiners & I are focused on the danger of two related DC printing presses:
I) One that prints money directed by the Federal Reserve.
II) One that prints the CPI at the @BLS_gov which *forces* billions of dollars in wealth transfers and which can disguise the printing of fiat.
|media1=ERW-X-post-1461432602112368642-FEgNNHMVcAM0Kg-.jpg
|timestamp=8:34 PM 路 Nov 18, 2021
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1461432604477911040
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=We don鈥檛 always agree. I鈥檝e no idea how Satoshi took aim at I) above. And I don鈥檛 yet know how to explain the importance of gauge theory to Gold (physical Gauge Theory), Prices/Quantities (abelian GT), Trade (non-abelian GT) and Utility (infinite dim GT):
https://economics.uchicago.edu/sites/economics.uchicago.edu/files/Welfare_Chicago_Draft.pdf
|timestamp=8:34 PM 路 Nov 18, 2021
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1461432608923914241
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=But we鈥檝e been working together behind the scenes. I so appreciate @Breedlove22 coming to Chicago to witness what I hope will be the beginning of an attack on abuses of perhaps the second most dangerous printing press in Washington as inflation heats up.
Thanks #Bitcoiners: LFG.
|timestamp=8:34 PM 路 Nov 18, 2021
|media1=ERW-X-post-1461432608923914241-FEgNNkoVEAAcdGr.jpg
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1461432611918651392
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Lastly when we trade with nations that have a different currency from ours, how can we measure inflation of both separate currencies relative to two baskets (imports &amp; exports) without artificially assuming the law of one price?
We *must* innovate here:
https://economics.uchicago.edu/sites/economics.uchicago.edu/files/Chicago_Trade_Index_Draft.pdf
|timestamp=8:34 PM 路 Nov 18, 2021
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1461432612933693442
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Bitcoiners, open minded economists &amp; math/physics folks: we have a serious problem navigating world markets using indicators that currently rely on *preposterous* assumptions (homotheticity, law of one price, [[Stable Tastes|stable tastes]], etc) Economics needs more eyeballs on it from outside.馃檹
|timestamp=8:34 PM 路 Nov 18, 2021
}}
|timestamp=8:40 PM 路 Nov 18, 2021
}}
}}


Latest revision as of 22:01, 9 December 2025

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Eric profile picture.jpg
Eric Weinstein

In fact, joking with @toothfairycyber aside, the "tooth fairy" has far more science behind her than 'stable tastes': http://bit.ly/HaexQ

3:09 AM 路 Jul 24, 2009


Eric profile picture.jpg
Eric Weinstein

Arrow's impossibility theorem can be seen as a cohomological obstruction to constructing representative consumers without magical thinking.

2:42 AM 路 Aug 29, 2009
Eric profile picture.jpg
Eric Weinstein

Becker's theory of stable homogenous tastes on the other hand is....words fail me...the greatest indictment of peer review. Ever.

2:54 AM 路 Aug 29, 2009
Eric profile picture.jpg
Eric Weinstein

Just for a moment...put yourself in my shoes. I have an amazing theory of welfare with evolving tastes and a cult that claims stable tates.

2:57 AM 路 Aug 29, 2009
Eric profile picture.jpg
Eric Weinstein

Why stop at stable tastes? Why not declare yourself the last Pasha of Scotland and immune from bigamy laws as a winged son of Zeus?

3:01 AM 路 Aug 29, 2009
Eric profile picture.jpg
Eric Weinstein

$500 Challenge: Get me an invited Econ gig at Chicago / Harvard to confront the theory of ordinal welfare with stable homogenous tastes.

3:13 AM 路 Aug 29, 2009
Eric profile picture.jpg
Eric Weinstein

Rules are that it has to be in the Econ department on video with Becker present at Chicago or Jorgenson at Harvard.

3:16 AM 路 Aug 29, 2009


Eric profile picture.jpg
Eric Weinstein

VaR -> Kayfabe | Coase -> Economics | Stable Tastes -> Kayfabe | Arrow's Theorem -> Economics | Rep. Consumer -> Kayfabe | B. Scholes-> Econ

12:26 PM 路 Sep 10, 2009


Eric profile picture.jpg
Eric Weinstein

Bitcoiners & I are focused on the danger of two related DC printing presses:

I) One that prints money directed by the Federal Reserve.

II) One that prints the CPI at the @BLS_gov which *forces* billions of dollars in wealth transfers and which can disguise the printing of fiat.

ERW-X-post-1461432602112368642-FEgNNHMVcAM0Kg-.jpg
8:34 PM 路 Nov 18, 2021
Eric profile picture.jpg
Eric Weinstein

We don鈥檛 always agree. I鈥檝e no idea how Satoshi took aim at I) above. And I don鈥檛 yet know how to explain the importance of gauge theory to Gold (physical Gauge Theory), Prices/Quantities (abelian GT), Trade (non-abelian GT) and Utility (infinite dim GT): https://economics.uchicago.edu/sites/economics.uchicago.edu/files/Welfare_Chicago_Draft.pdf

8:34 PM 路 Nov 18, 2021
Eric profile picture.jpg
Eric Weinstein

But we鈥檝e been working together behind the scenes. I so appreciate @Breedlove22 coming to Chicago to witness what I hope will be the beginning of an attack on abuses of perhaps the second most dangerous printing press in Washington as inflation heats up.

Thanks #Bitcoiners: LFG.

ERW-X-post-1461432608923914241-FEgNNkoVEAAcdGr.jpg
8:34 PM 路 Nov 18, 2021
Eric profile picture.jpg
Eric Weinstein

Lastly when we trade with nations that have a different currency from ours, how can we measure inflation of both separate currencies relative to two baskets (imports & exports) without artificially assuming the law of one price?

We *must* innovate here:

https://economics.uchicago.edu/sites/economics.uchicago.edu/files/Chicago_Trade_Index_Draft.pdf

8:34 PM 路 Nov 18, 2021
Eric profile picture.jpg
Eric Weinstein

Bitcoiners, open minded economists & math/physics folks: we have a serious problem navigating world markets using indicators that currently rely on *preposterous* assumptions (homotheticity, law of one price, stable tastes, etc) Economics needs more eyeballs on it from outside.馃檹

8:34 PM 路 Nov 18, 2021
Eric profile picture.jpg
Eric Weinstein

#bitcoin #Crypto #nft #Blockchain #Decentralization #DeFi #web3 #inflation #cpi #Trade #gaugetheory

8:40 PM 路 Nov 18, 2021

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