
The Vibecession: The Self-Fulfilling Prophecy

A vibecession is the idea of a disconnect between consumer sentiment and economic data. So basically, the economy is doing fine, but people are absolutely not feeling fine.
kyla scanlon • It's More Than Just Vibes
Her concept has more depth than those theories. I would characterize economic vibes as collective feelings in the digital age. Almost all previous versions of economic theory around consumer sentiment have been formed in a pre-internet world. Until now, no one had updated those frameworks for the age of algorithms. When I emailed Scanlon about how ... See more
Evan Armstrong • Vibes Are a Legitimate Economic Indicator


In other words, “vibes” are similar to the approximations that machine learning systems use, and the two feed off of each other synergistically. The situation is precisely encapsulated by Goodhart’s Law: “When a measure becomes a target, it ceases to be a good measure.”
Nameless Feeling
Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
W. Brian Arthur, Eric D. Beinhocker,
amazon.com
The vibes are off, but they’re off fundamentally because they focus only on feelings and emotional connections that have already existed. They don’t provide or imagine pathways to new futures; they allow only for an understanding of what feels good or bad based on experiences that have already happened, things that have already been seen.
In other w... See more
In other w... See more