Monetizing Loss Aversion for Fun and Profit
So-called "buffer" ETFs are having a moment, monetizing loss aversion.
3 min read
Paul Kedrosky
Page 50 of 53
Rawdogging, Revenge Effects, and Technology
Air travel without phones, ear buds, movies, music, or anything else is newly a thing. It may also be an augury of a reversed revenge effect.
2 min read
A "Heat Dome" of Immigration
Faced with below-replacement birth rates and aging societies, developed economies are trying a range of experiments, like Canada's unprecedented and unpopular immigration policies.
2 min read
Americans are less mobile than ever
After long being the most mobile society on earth, new data shows Americans move less than ever. There are many consequences.
1 min read
LLMs as Organisms, Part 1: Old Man Shouts at Multinomial
In the first entries in a multi-part series I look at how LLMs are grown, not engineered, and the consequences. I use this insight to develop a new way of thinking about science and the nature of progress
3 min read
The UBI Thing
I hear this a lot, that we will need universal basic income (UBI) because of how many and how quickly jobs will disappear in a post-AI world, and how
1 min read
People's Understanding of Inflation
it is a constant mystery to me how people respond to price inflation, made worse in the current period. A new paper reminds me that while people's thinking
Sales Life After Humans
These new streaming AI sales tools mostly make me think we should just take humans out of the loop and let bots try to charm each other. Sample interaction: SalesBot
1 min read
And What Difference Does That Make?
“They're trying to kill me," Yossarian told him calmly. "No one's trying to kill you," Clevinger cried. "Then why are they shooting
Podcast Recommendations
Here are three of the podcasts to which I listen to most consistently: * BBC In Our Time * Past Present Future * The Rest is History Full list of my subs below:
Jobs, Jobs, Jobs
The WSJ has a piece today about how difficult the job market is, which is aligns with what I hear and see, even if that is largely anecdotal. At the
1 min read
Coldest Year of the Rest of Your Life
I say this too often, but it's worth remembering that this year will likely be one of the coldest of the rest of your life, and that will
1 min read