Joshua Gans

@joshgans.bsky.social

4.2K followers 210 following 760 posts

Professor at University of Toronto

Joshua Gans holds the Jeffrey Skoll Chair in Technical Innovation and Entrepreneurship at the Rotman School of Management, University of Toronto. Until 2011, he was an economics professor at Melbourne Business School in Australia. His research focuses on competition policy and intellectual property protection. He is the author of several textbooks and policy books, as well as numerous articles in economics journals. He operates two blogs: one on economic policy, and another on economics and parenting. .. more

Business 41%

Economics 37%

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Reposted by Joshua Gans

Joshua Gans @joshgans.bsky.social · 16h

Formalising this is useful because, not surprisingly, it isn’t really the number of miracles but their type that matters. But you want to run experiments that target miracles that can be resolved by information. No experiment will help violate a law of physics.

Joshua Gans @joshgans.bsky.social · 16h

The informal idea was that ventures that require too many miracles to happen for success aren’t a great idea. So you want to run experiments (gather info) to reduce the number of miracles that have to happen.

Reposted by Aaron Sojourner

Joshua Gans @joshgans.bsky.social · 16h

I have a new paper out today that formalises a concept that I and others have been using when advising entrepreneurs: their miracle budget. www.nber.org/papers/w34850

Managing the Entrepreneur's Miracle Budget

Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...

www.nber.org

Reposted by Joshua Gans

Financial Times @financialtimes.com · 1d

A partner at KPMG Australia has been fined A$10,000 ($7,000) after uploading materials to an AI platform to cheat on an internal training course about the technology. ft.trib.al/XevFw0k

Reposted by Joshua Gans

Joshua Gans @joshgans.bsky.social · 1d

The word "great," I don't think it means what you think it means.

Justin Wolfers @justinwolfers.bsky.social · 1d

The Dow was at 43,488 when Trump took office. It just hit 50,000.

So if you had invested $43,488 in the US, you would now have $50,000. But if you had invested the same amount in the rest of the world, you would now be worth $60,000.

Lemme do a expla-youtube-nation
www.youtube.com/watch?v=QYL5...