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Boskin Commission: Difference between revisions
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{{Tweet | {{Tweet | ||
|image=Eric profile picture.jpg | |image=Eric profile picture.jpg | ||
|nameurl=https://x.com/EricRWeinstein/status/ | |nameurl=https://x.com/EricRWeinstein/status/1456733111954272257 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content= | |content=I would take a look at [https://www.nobelprize.org/uploads/2018/06/samuelson-lecture.pdf '''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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|timestamp=1:09 AM · Nov 5, 2021 | |timestamp=1:09 AM · Nov 5, 2021 | ||
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{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/1456428604246560776 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=<nowiki>*</nowiki>leads not leases in the above. | |||
|timestamp=1:10 AM · Nov 5, 2021 | |timestamp=1:10 AM · Nov 5, 2021 | ||
}} | |||
{{Tweet | |||
|image=PeterRyan-profile-MGctNrxp.jpg | |||
|nameurl=https://x.com/_PeterRyan/status/1456431438975275013 | |||
|name=Peter Ryan | |||
|usernameurl=https://x.com/_PeterRyan | |||
|username=_PeterRyan | |||
|content=Yea I understand that and find your points interesting. So I would like to understand how we would go about invalidating the traditional theories by collecting and analyzing the correct data. I don't think those tweets answer that. I get your hypothesis. | |||
|timestamp=1:21 AM · Nov 5, 2021 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/1456432882994405384 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|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 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/1456433552677998594 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=If they are going to do COLas they should estimate preferences. If they aren’t they should do mechanical index theory. | |||
But I would use a bunch of that money to develop a research program on preference collection/imputation for substitution bias if I was running a COL shop. | |||
|timestamp=1:29 AM · Nov 5, 2021 | |||
}} | |||
{{Tweet | |||
|image=PeterRyan-profile-MGctNrxp.jpg | |||
|nameurl=https://x.com/_PeterRyan/status/1456434501312073735 | |||
|name=Peter Ryan | |||
|usernameurl=https://x.com/_PeterRyan | |||
|username=_PeterRyan | |||
|content=Ok how many researchers would you need? Is the average salary $300k? What are the non-labour costs needed? Could this be done in 1 year? | |||
Could we get this done with let's say $10m? Is $609m necessary for a MVP? | |||
|timestamp=1:33 AM · Nov 5, 2021 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/1456440941221335042 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|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 | |||
}} | |||
{{Tweet | |||
|image=PeterRyan-profile-MGctNrxp.jpg | |||
|nameurl=https://x.com/_PeterRyan/status/1456441698276417540 | |||
|name=Peter Ryan | |||
|usernameurl=https://x.com/_PeterRyan | |||
|username=_PeterRyan | |||
|content=Well if we were to get you started with all the resources necessary, wouldn’t the assumption be yes to apply your theory? | |||
|timestamp=2:02 AM · Nov 5, 2021 | |||
}} | |||
|timestamp=9:20 PM · Nov 5, 2021 | |||
}} | }} | ||