Stop spreading uninformed populist nonsense about mainstream economics
Economists, for all their stereotypes, have one superpower that data scientists could really use: they see the world in terms of trade-offs, incentives, and equilibrium. They don’t ask what is happening; they ask why it’s happening, and what would happen if something changed .
Data scientists, on the other hand, are often trained to predict. The
... See moreDima Diachkov • Why Every Data Scientist Should Think Like an Economist
Basically, there are always a lot of problems in the world, and the media is always happy to deliver them right to your doorstep in order to drive engagement. And so there’s a natural tendency to read the news and think that the world is going to Hell in a handbasket. But these problems aren’t all related, and in fact sometimes some of them help... See more
Noah Smith • At Least Five Interesting Things: Will of the Masses Edition


How Behavioral Economics is Dangerous BS. Very dangerous. https://t.co/nEXvAudTj1