1stgen Professor of Economics (2005-2022)
Senior Economist at the Stepstone Group
https://economicscience.net
AI Doesn’t Reduce Work—It Intensifies It https://hbr.org/2026/02/ai-doesnt-reduce-work-it-intensifies-it
“AI introduced a new rhythm in which workers managed several active threads at once: manually writing code while AI generated an alternative version, running multiple agents in 1/5
AI Doesn’t Reduce Work—It Intensifies It https://hbr.org/2026/02/ai-doesnt-reduce-work-it-intensifies-it
“AI introduced a new rhythm in which workers managed several active threads at once: manually writing code while AI generated an alternative version, running multiple agents in 1/5
The Work-from-home Wage Premium https://www.frbsf.org/wp-content/uploads/wp2026-02.pdf
"… find that workers who work from home earn higher hourly wages than those who do not.
… premium is driven by selection on unobservable worker characteristics (which could include ability, 1/4
The Work-from-home Wage Premium https://www.frbsf.org/wp-content/uploads/wp2026-02.pdf
"… find that workers who work from home earn higher hourly wages than those who do not.
… premium is driven by selection on unobservable worker characteristics (which could include ability, 1/4
Scott has a lot of good and useful ideas about how to use #claudeCode & Co. I like the referee #2 idea. There is more in his other posts.
#AI #llm
orig 1/2
Scott has a lot of good and useful ideas about how to use #claudeCode & Co. I like the referee #2 idea. There is more in his other posts.
#AI #llm
orig 1/2
The Legacy of Daniel Kahneman https://ejpe.org/journal/article/view/1075/753
by Gerd Gigerenzer
#BoundedRationality
#economics #Psychology #heuristics #Biases #statisticalThinking
orig https://fediscience.org/@davdittrich/116013924158823849
The Legacy of Daniel Kahneman https://ejpe.org/journal/article/view/1075/753
by Gerd Gigerenzer
#BoundedRationality
#economics #Psychology #heuristics #Biases #statisticalThinking
orig https://fediscience.org/@davdittrich/116013924158823849
Everyone Take Copies https://www.econlib.org/econlog/everyone-take-copies/
"… discs: Non-rivalrous goods are goods that can be used by multiple people without any loss to the other users. If participants exercise the ability to take a disc, then the original disc holder still has a 1/4
Everyone Take Copies https://www.econlib.org/econlog/everyone-take-copies/
"… discs: Non-rivalrous goods are goods that can be used by multiple people without any loss to the other users. If participants exercise the ability to take a disc, then the original disc holder still has a 1/4
We’re Planning for the Wrong AI Job Disruption https://archive.ph/2026.02.04-151036/https://www.wsj.com/opinion/were-planning-for-the-wrong-ai-job-disruption-2264d219
"Many politicians and commentators assume that if #AI can perform some of a job’s tasks, the role will disappear. 1/5
We’re Planning for the Wrong AI Job Disruption https://archive.ph/2026.02.04-151036/https://www.wsj.com/opinion/were-planning-for-the-wrong-ai-job-disruption-2264d219
"Many politicians and commentators assume that if #AI can perform some of a job’s tasks, the role will disappear. 1/5
"AI threatens the business model of digital content creation across the board. As publishers lose traffic, there remains little incentive for them to keep content #free and #accessible. Instead, 1/3
"AI threatens the business model of digital content creation across the board. As publishers lose traffic, there remains little incentive for them to keep content #free and #accessible. Instead, 1/3
Wage Expectations and Job Search https://d.repec.org/n?u=RePEc:ajk:ajkdps:386&r=&r=eur
"While average misperceptions are relatively small, substantial shares of job seekers display pronounced optimism or pessimism.
… Treated job seekers who were initially strongly optimistic 1/4
Wage Expectations and Job Search https://d.repec.org/n?u=RePEc:ajk:ajkdps:386&r=&r=eur
"While average misperceptions are relatively small, substantial shares of job seekers display pronounced optimism or pessimism.
… Treated job seekers who were initially strongly optimistic 1/4
Generative AI for Analysts https://d.repec.org/n?u=RePEc:arx:papers:2512.19705&r=&r=ain
#AI transforms the information production process: more, faster, balanced, and less useful.
"…forecast errors rise by 59% as AI-assisted reports convey a more balanced mix of positive and 1/3
Generative AI for Analysts https://d.repec.org/n?u=RePEc:arx:papers:2512.19705&r=&r=ain
#AI transforms the information production process: more, faster, balanced, and less useful.
"…forecast errors rise by 59% as AI-assisted reports convey a more balanced mix of positive and 1/3
Delegating in the Age of AI: Preferences for Decision Autonomy https://d.repec.org/n?u=RePEc:rco:dpaper:558&r=&r=eur
"… participants systematically underutilize both #AI and human agents, even when those agents outperform them. Despite a general hesitancy to delegate, we observe a 1/4
Delegating in the Age of AI: Preferences for Decision Autonomy https://d.repec.org/n?u=RePEc:rco:dpaper:558&r=&r=eur
"… participants systematically underutilize both #AI and human agents, even when those agents outperform them. Despite a general hesitancy to delegate, we observe a 1/4
Old Workers, New Capital https://d.repec.org/n?u=RePEc:rsi:irersi:20&r=&r=age
"… when industries experience workforce #aging, firms with older initial workforces respond by #hiring younger workers and exhibit lower investment, while firms with younger initial workforces hire 1/3
Old Workers, New Capital https://d.repec.org/n?u=RePEc:rsi:irersi:20&r=&r=age
"… when industries experience workforce #aging, firms with older initial workforces respond by #hiring younger workers and exhibit lower investment, while firms with younger initial workforces hire 1/3
AI and the Art of Judgment https://www.econlib.org/econlog/ai-and-the-art-of-judgment
"… when Sigourney Weaver’s character, Ellen Ripley, dons a P-5000 power loader suit to defeat the alien queen. She uses a tool that amplifies her strength, enabling her to accomplish what would 1/4
AI and the Art of Judgment https://www.econlib.org/econlog/ai-and-the-art-of-judgment
"… when Sigourney Weaver’s character, Ellen Ripley, dons a P-5000 power loader suit to defeat the alien queen. She uses a tool that amplifies her strength, enabling her to accomplish what would 1/4
Measuring Labor Market Tightness: Data Update and New Web Feature https://libertystreeteconomics.newyorkfed.org/2026/01/measuring-labor-market-tightness-data-update-and-new-web-feature/
"… Traditional tightness measures such as vacancies over unemployment (V/U) also do a relatively 1/4
Measuring Labor Market Tightness: Data Update and New Web Feature https://libertystreeteconomics.newyorkfed.org/2026/01/measuring-labor-market-tightness-data-update-and-new-web-feature/
"… Traditional tightness measures such as vacancies over unemployment (V/U) also do a relatively 1/4
The Trust Equation: It’s Not Just Who You Hire, It’s How You Hire https://behavioralscientist.org/the-trust-equation-its-not-just-who-you-hire-its-how-you-hire/
"Talent represents the most valuable asset of any firm, and candidates evaluate employers as rigorously as vice versa. 1/3
The Trust Equation: It’s Not Just Who You Hire, It’s How You Hire https://behavioralscientist.org/the-trust-equation-its-not-just-who-you-hire-its-how-you-hire/
"Talent represents the most valuable asset of any firm, and candidates evaluate employers as rigorously as vice versa. 1/3
One Sentence at a Time: A Quantitative #History of Rationality in Economic Thought https://d.repec.org/n?u=RePEc:osf:socarx:38na2_v1&r=&r=big
"… Combining large language model–based semantic analysis with bibliometric and network methods, we identify and cluster discussions of 1/2
One Sentence at a Time: A Quantitative #History of Rationality in Economic Thought https://d.repec.org/n?u=RePEc:osf:socarx:38na2_v1&r=&r=big
"… Combining large language model–based semantic analysis with bibliometric and network methods, we identify and cluster discussions of 1/2
David Autor on "How Is #AI Shaping the Future of #Work?" https://issues.org/david-autor-economist-ai-future-work/
#LaborEcon #economics
orig https://fediscience.org/@davdittrich/115906940061303887
David Autor on "How Is #AI Shaping the Future of #Work?" https://issues.org/david-autor-economist-ai-future-work/
#LaborEcon #economics
orig https://fediscience.org/@davdittrich/115906940061303887
Buyer Beware: Star Ratings Actually Steer Us Away From the Best Shopping Deals
When reviewers consider prices while rating products, there’s a tendency to downgrade the highest-quality yet pricier items 1/2
Buyer Beware: Star Ratings Actually Steer Us Away From the Best Shopping Deals
When reviewers consider prices while rating products, there’s a tendency to downgrade the highest-quality yet pricier items 1/2
The Score by C Thi Nguyen https://www.theguardian.com/books/2026/jan/06/the-score-by-c-thi-nguyen-review-a-brilliant-warning-about-the-gamification-of-everyday-life
"…mistaking points for the point is a pervasive error that leads us to build our lives 1/3
The Score by C Thi Nguyen https://www.theguardian.com/books/2026/jan/06/the-score-by-c-thi-nguyen-review-a-brilliant-warning-about-the-gamification-of-everyday-life
"…mistaking points for the point is a pervasive error that leads us to build our lives 1/3
Two #books for the reading list
Decisions, Decisions https://3quarksdaily.com/3quarksdaily/2026/01/decisions-decisions.html
#decisionMaking #BoundedRationality
orig https://fediscience.org/@davdittrich/115906763414296984
Two #books for the reading list
Decisions, Decisions https://3quarksdaily.com/3quarksdaily/2026/01/decisions-decisions.html
#decisionMaking #BoundedRationality
orig https://fediscience.org/@davdittrich/115906763414296984
Please share - Pew Research Center is looking for a data archivist who will be an advocate for data users, helping to ensure that our datasets are easy to discover and reuse by researchers, journalists, and the public. 1/2
Please share - Pew Research Center is looking for a data archivist who will be an advocate for data users, helping to ensure that our datasets are easy to discover and reuse by researchers, journalists, and the public. 1/2
The Modern Peril of the Availability Heuristic https://www.behavioraleconomics.com/the-modern-peril-of-the-availability-heuristic/
"We now live in an era of informational abundance. The problem is no longer insufficient information, but rather too much of it.
.…'UnAvailability 1/3
The Modern Peril of the Availability Heuristic https://www.behavioraleconomics.com/the-modern-peril-of-the-availability-heuristic/
"We now live in an era of informational abundance. The problem is no longer insufficient information, but rather too much of it.
.…'UnAvailability 1/3
Who Works from Home After the Pandemic? https://d.repec.org/n?u=RePEc:iae:iaewps:wp2025n18&r=&r=bec
"… while worker preferences are relevant, the results suggest that it is the nature of jobs that is the main factor determining who has the option to work from home.
… strong 1/4
Who Works from Home After the Pandemic? https://d.repec.org/n?u=RePEc:iae:iaewps:wp2025n18&r=&r=bec
"… while worker preferences are relevant, the results suggest that it is the nature of jobs that is the main factor determining who has the option to work from home.
… strong 1/4
Labor market size and occupational skill match https://d.repec.org/n?u=RePEc:hhs:ifauwp:2025_024&r=&r=lma
The urban wage premium may be related to a city-size match quality gap:
"… occupational skill-match quality is higher for individuals living in large local labor markets. 1/2
Labor market size and occupational skill match https://d.repec.org/n?u=RePEc:hhs:ifauwp:2025_024&r=&r=lma
The urban wage premium may be related to a city-size match quality gap:
"… occupational skill-match quality is higher for individuals living in large local labor markets. 1/2
Malthus
https://www.smbc-comics.com/comic/malthus
#smbc #economics
…was reminding me of: "Cependant, qui sait? La terre a des limites, mais la bêtise humaine est infinie!"
orig https://fediscience.org/@davdittrich/115844800389267205
Malthus
https://www.smbc-comics.com/comic/malthus
#smbc #economics
…was reminding me of: "Cependant, qui sait? La terre a des limites, mais la bêtise humaine est infinie!"
orig https://fediscience.org/@davdittrich/115844800389267205