May 31, 2023

Autonomous Vehicles are a collection action problem

Written with Claude The challenges facing the adoption of autonomous vehicles are largely self-inflicted. Rather than redesigning our transportation infrastructure and systems around the capabilities of autonomous vehicles, we have insisted on maximum backward compatibility with

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March 8, 2020

Garrett Jones on Cooperation

https://conversationswithtyler.com/episodes/garett-jones/ One early insight [from Gary Miller’s Managerial Dilemmas: The Political Economy of Hierarchy ] is that Arrow’s impossibility theorem applies to any kind of decision within a firm. If you have three top managers who are tr

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October 7, 2019

Low interest rates are bad for fundamental analysis

Investors price an asset by predicting the free cash flows (FCF) that the asset generates. Even if you expect to sell the business at some point, if you commit to the decision rule that you never sell unless the returns from a sale are greater than that from the FCF, then the FCF

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June 18, 2017

Minimum wage and overtime pay regulations

Conclusion The Minimum Wage and Overtime Pay have opposite effects. Minimum Wage laws encourage concentrating work in less people, while Overtime Pay penalises the concentrating of work. For overtime pay laws to help the worker, you have to believe that businesses benefit from co

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May 22, 2017

We can teach children to be more effectively empirical

We can teach children to smell bullshit - Vox A good critical thinker is able to keep track of assumptions made when evaluating evidence, and over time builds up a collection of powerful and general assumptions that accelerate their accurate modelling of reality. Double-blind tes

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May 16, 2017

Managing cost centers by making them profit centers

https://techcrunch.com/2017/05/14/why-amazon-is-eating-the-world/ Amazon benefits not only from the revenue from externalising its internal services, but also from the efficiency and oversight induced as a result. This is similar to the export-driven growth described in Joe Studw

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April 22, 2017

Housing transaction costs are really high!

http://www.economist.com/node/9688013 http://www.umac.mo/fba/irer/papers/past/vol11n1_pdf/Article%207.pdf For Singapore, it's around 5%. In Taiwan, it's north of 10%. This is a ridiculous hurdle for an investment. If you bought an apartment in Singapore and pay a 20% downpayment,

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January 27, 2017

Cython is awesome

Wrote a Cython program to analyse a board game. 2 trillion combinations counted in ~30min on one 4GHz i7 core. 113 lines of Cython code. I've forgotten how fast C is.

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November 24, 2016

Cheap entertainment and unmotivated young men

Why amazing video games could be causing a big problem for America Erik Hurst on Work, Play, and the Dynamics of U.S. Labor Markets Hikikomori Econtalk: Prior to 1985, leisure patterns were increasing for both higher-educated and lower-educated workers. So--for both men and women

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November 19, 2016

Corporate Intellectualism

Corporate Intellectualism is a bizarre imitation of Academic Intellectualism, embracing badly constructed abstractions and peddling platitudes which confer a vague sense of insight and understanding but do nothing to improve the quality of judgments. Popular business education ov

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