Tag Archives: Economics

Zeroing Out

Related to (Eliezer Yudkowsky at Less Wrong): An Equilibrium of No Free Energy Related to (Satvik Beri at Less Wrong): Competitive Truth Seeking Follow-up to: Leaders of Men I Markets Suppose you have an insight about Google. The efficient market hypothesis says … Continue reading

Posted in Economic Analysis, Rationality | Tagged , , , | 8 Comments

Book Review: Weapons of Math Destruction

Epistemic Status: Minus One Million Points Shortness Status: Long (this is a proposed new norm I want to try out, in the sense of ‘apologies for writing a long letter, I did not have enough time to write a shorter … Continue reading

Posted in Death by Metrics, Economic Analysis, Personal Experience, Reviews | Tagged , , , , | 14 Comments

Short Termism

Epistemic Status: Metrics look good Original Post: Larry Summers: Case Still Out On Whether Short-Termism is a Problem There is a long-standing hypothesis that corporate America focuses too much on short-term results. Larry Summers looks at a new study by McKinsey (McKinsey’s … Continue reading

Posted in Death by Metrics, Economic Analysis | Tagged , , | 1 Comment

Book Review: How Asia Works by Joe Studwell

How Asia Works has a theory about how development economics works: You must follow The Way. To the extent that you follow The Way, your country will prosper. To the extent that you fail to follow The Way, your country … Continue reading

Posted in Reviews | Tagged , , , , | 7 Comments

On Cutting Wages

This post is a response to Bryan Caplan’s request that I share my experiences cutting wages. It was not fun. While I was CEO of MetaMed, we were continuously short of revenue. We started the company thinking we would be … Continue reading

Posted in Personal Experience | Tagged , , | 1 Comment

The Thing and the Symbolic Representation of The Thing

Let’s assume there is a thing that all would agree is, in context, a Good Thing(tm) that someone in your situation would want. Do you want the thing, or do you want the symbolic representation of the thing?* This sounds … Continue reading

Posted in Death by Metrics, Impractical Optimization, Personal Experience, Rationality | Tagged , , , | 18 Comments

Self Service Roundup

Follow-up to: Full Service Before moving on to other topics, I thought I would round out my thoughts on self/full service itself (for some good follow-up on the drugstores, see the comments of the previous post) about the History of Self-Service, … Continue reading

Posted in Economic Analysis, Uncategorized | Tagged , , | 1 Comment