SleepingAristocrat
@feudaldozing.bsky.social
He/Him. Uruguayan econ undergrad trying to figure stuff out!
Moment Generating Functions seem totally useless to learn for undergrads. When are they ever going to use a higher order moment than Variance? Or a distribution for which its mean and variance are unknown?
November 11, 2025 at 2:33 AM
Moment Generating Functions seem totally useless to learn for undergrads. When are they ever going to use a higher order moment than Variance? Or a distribution for which its mean and variance are unknown?
Guy who thinks MMT guys would be an improvement for the developed world and UChicago guys for the developing
November 7, 2025 at 1:44 AM
Guy who thinks MMT guys would be an improvement for the developed world and UChicago guys for the developing
This is kind of a troll post but the dual Capitalist - Proletariat distinction in classical marxism seems to rely on it in order to be able to lump Landlords into Capitalists. Otherwise you still get the traditional three classes of the other classical econs
Marxist guy who believed we’re still in feudalism because land rent > 0
November 6, 2025 at 1:22 AM
This is kind of a troll post but the dual Capitalist - Proletariat distinction in classical marxism seems to rely on it in order to be able to lump Landlords into Capitalists. Otherwise you still get the traditional three classes of the other classical econs
“All quants do is Linear Regression” is a phrase I’ve seen thrown around that seems true in the same way that saying all accountants do is arithmetic. Might be technically true, but you wouldn’t let a middle schooler do audits
November 6, 2025 at 1:08 AM
“All quants do is Linear Regression” is a phrase I’ve seen thrown around that seems true in the same way that saying all accountants do is arithmetic. Might be technically true, but you wouldn’t let a middle schooler do audits
Does anyone know how optimal portfolio theory changes when you break the infinite indivisability assumption ((x,y) ∈ R)? Like, it makes analysis a lot more tractable but it restricts you to stocks, bonds and their financial derivatives.
November 6, 2025 at 12:00 AM
Does anyone know how optimal portfolio theory changes when you break the infinite indivisability assumption ((x,y) ∈ R)? Like, it makes analysis a lot more tractable but it restricts you to stocks, bonds and their financial derivatives.
I’m no finance expert but ~15% return seems really high for Brazilian bonds. Are investors expecting some big depreciation of the Real or something? Default risk seems totally non credible
November 5, 2025 at 4:04 PM
I’m no finance expert but ~15% return seems really high for Brazilian bonds. Are investors expecting some big depreciation of the Real or something? Default risk seems totally non credible
I was neighbors with Dick Cheney back when I lived in the US. Strange to hear that he’s dead. Good riddance though
November 5, 2025 at 1:21 PM
I was neighbors with Dick Cheney back when I lived in the US. Strange to hear that he’s dead. Good riddance though
Marxist guy who believed we’re still in feudalism because land rent > 0
November 4, 2025 at 8:34 PM
Marxist guy who believed we’re still in feudalism because land rent > 0
I think instead of starting with perfect competition intro macro students should start with Monopoly, move obto Cournot, and then approach perfect competition as Cournot with N firms at the limit. Would be better pedagogically
November 4, 2025 at 8:28 PM
I think instead of starting with perfect competition intro macro students should start with Monopoly, move obto Cournot, and then approach perfect competition as Cournot with N firms at the limit. Would be better pedagogically
I wonder how academic finance would change if the risk free rate weren’t so easy to determine. We live in a world where US Treasury Bill RoR is the unanimously accepted risk free rate, but it’s easy to imagine a world where that isn’t true.
November 4, 2025 at 12:15 AM
I wonder how academic finance would change if the risk free rate weren’t so easy to determine. We live in a world where US Treasury Bill RoR is the unanimously accepted risk free rate, but it’s easy to imagine a world where that isn’t true.
I’d change popular to funny, but otherwise agree
"If something evil is popular, is it still evil?" is basically the defining social question of our time.
October 27, 2025 at 12:20 AM
I’d change popular to funny, but otherwise agree
Deep Fried… most American concept to ever exist
October 26, 2025 at 1:06 AM
Deep Fried… most American concept to ever exist
The Fiscal Theory of tha Price Level, at least as formulated by John Cochrane, is basically the right wing version of MMT
October 24, 2025 at 6:50 PM
The Fiscal Theory of tha Price Level, at least as formulated by John Cochrane, is basically the right wing version of MMT
I totally agree with you, but you seem to be disagreeing with the OP. Like, if firms don’t think videogames are worth making at $60 then they can just… not produce them. Producing Things is Optional.
Like, Palmer thinks videogames “should” cost consumers $100. Why? What’s wrong with market prices?
Like, Palmer thinks videogames “should” cost consumers $100. Why? What’s wrong with market prices?
The responses this post is getting, combined with the animating grievances of large swathes of politics, has convinced me we need a kind of society wide PSA about how Buying Things Is Optional.
You don’t think video games should cost $100? Don’t buy the videogame. Buying Things Is Optional.
You don’t think video games should cost $100? Don’t buy the videogame. Buying Things Is Optional.
AAA video games should cost $100 on launch. this would still be extremely cheap for the amount of time and enjoyment you get out of them! But an audience of whiny babies has kept them literally at the same price for *two decades* despite both general inflation *and* sector-specific costs rising
October 24, 2025 at 2:04 PM
I totally agree with you, but you seem to be disagreeing with the OP. Like, if firms don’t think videogames are worth making at $60 then they can just… not produce them. Producing Things is Optional.
Like, Palmer thinks videogames “should” cost consumers $100. Why? What’s wrong with market prices?
Like, Palmer thinks videogames “should” cost consumers $100. Why? What’s wrong with market prices?
…why should they cost $100 on launch? I’m not into gaming, so don’t know the industry, but is there some price cap that’s preventing firms from raising prices of something?
AAA video games should cost $100 on launch. this would still be extremely cheap for the amount of time and enjoyment you get out of them! But an audience of whiny babies has kept them literally at the same price for *two decades* despite both general inflation *and* sector-specific costs rising
October 23, 2025 at 11:39 PM
…why should they cost $100 on launch? I’m not into gaming, so don’t know the industry, but is there some price cap that’s preventing firms from raising prices of something?
In terms of hitler particles per capita this may be the greatest ever American subsidy outside the middle east. Argentine ranchers… not gonna find a more hitlerian group in latin america outside of literal self identified neonazis
lol, great, so we're now subsidizing Argentine ranchers at the expense of American ranchers. Seems politically sustainable, no questions from me.
*US SEEKS TO QUADRUPLE BEEF PURCHASES FROM ARGENTINA: POLITICO
*US SEEKS TO QUADRUPLE BEEF PURCHASES FROM ARGENTINA: POLITICO
October 22, 2025 at 11:59 PM
In terms of hitler particles per capita this may be the greatest ever American subsidy outside the middle east. Argentine ranchers… not gonna find a more hitlerian group in latin america outside of literal self identified neonazis
One area I think microfoundations could be useful is in the microfounding of expectation formation. Right now, I mentally model them as adaptive but that the higher they are the likelier it is they turn rational. But it’s handwavy. Would be useful to have a more concrete microfounded model
October 22, 2025 at 1:46 PM
One area I think microfoundations could be useful is in the microfounding of expectation formation. Right now, I mentally model them as adaptive but that the higher they are the likelier it is they turn rational. But it’s handwavy. Would be useful to have a more concrete microfounded model
I think a basic test of dem competence is if they’re willing to play hardball with the debt ceiling. Either A) R’s abolish it by minting the coin or whatever, in which case they can’t use it against them in future administrations B) they concede to dem poison pill demands or C) nuke the economy
October 21, 2025 at 1:08 AM
I think a basic test of dem competence is if they’re willing to play hardball with the debt ceiling. Either A) R’s abolish it by minting the coin or whatever, in which case they can’t use it against them in future administrations B) they concede to dem poison pill demands or C) nuke the economy
I really think the only way we’re getting open borders is if econs do elite persuasion. The hayekian/hurwicz args are basically unassailable, central planning is really stupid. Do a yimby type thing
October 21, 2025 at 12:55 AM
I really think the only way we’re getting open borders is if econs do elite persuasion. The hayekian/hurwicz args are basically unassailable, central planning is really stupid. Do a yimby type thing
Lib man and conservative woman… you don’t see couples like that much
October 20, 2025 at 9:01 PM
Lib man and conservative woman… you don’t see couples like that much
Weird example. No two chips taste the same. Homogenenity is a useful ideal type but not actually something that exists
One that occurred to me a while back that I had, and which I'd only seen one economist ever talk about, is the idea of opposing the profusion of unimportant variety in consumer products, e.g. 40 flavors of the same chip. Reasoning is it likely keeps cost higher on everyone w/out increasing pleasure.
October 18, 2025 at 9:00 AM
Weird example. No two chips taste the same. Homogenenity is a useful ideal type but not actually something that exists
Thinking about it more, sectors where firms can arrange for workers to be one man business in lieu of traditional employment (even if they’re functionally identical in all other ways) are probably more exposed during recessions, since there’s no unemployment insurance to act as automatic stabilizer
October 17, 2025 at 4:28 PM
Thinking about it more, sectors where firms can arrange for workers to be one man business in lieu of traditional employment (even if they’re functionally identical in all other ways) are probably more exposed during recessions, since there’s no unemployment insurance to act as automatic stabilizer
Maybe it’s an america thing but I’m 171cm (5’7) and get roughly 2-3 matches a week with people I find decently attractive so this feels exaggerated. I don’t put my height on my bio but it’s noticeable in pics
And if you're a cishet man below 6'0", you receive a fraction of the engagement, so the incentives to lie about height are outrageous.
Women of course report the liars, who are then banned. A miserable arms race.
Women of course report the liars, who are then banned. A miserable arms race.
October 17, 2025 at 1:11 AM
Maybe it’s an america thing but I’m 171cm (5’7) and get roughly 2-3 matches a week with people I find decently attractive so this feels exaggerated. I don’t put my height on my bio but it’s noticeable in pics
In a high inflation environment, indexing wages to inflation as a policy is arguably progressive, yet makes escaping the high inflation environment harder. Wage price spirals are mechanically more likely, and inflation becomes more dominated by the expectations channel
October 16, 2025 at 11:34 PM
In a high inflation environment, indexing wages to inflation as a policy is arguably progressive, yet makes escaping the high inflation environment harder. Wage price spirals are mechanically more likely, and inflation becomes more dominated by the expectations channel