Johanna

No small number of economists are hard at work studying how to bring the economy to full employment. But what these economists are forgetting is that full employment is not the same thing as full output. Ideally, we’d want to maximize what we’re getting out of the economy rather than what we’re putting into it. Full employment just means we’re... See more

Among many memorable events, I saw a talk by David Allison about his efforts to correct simple statistical mistakes in the published literature. He would notice a clear and obvious error, like a claimed interaction that wasn’t actually tested properly. He would then send a polite email to the authors to explain the situation so it could be... See more

On the face of it, this makes the numbers come close to acceptable. It also means that UBI schemes essentially take money out of the pot currently reserved for the needy and disabled, and distribute it to able-bodied people plus the needy and disabled. Such a scheme has the potential to have good effects: by eradicating welfare traps that keep... See more

The term “cognitive biases” is arguably misleading in that it suggests that believing truth would be a kind of default. Arguably, it’s amazing that we manage to believe the truth at all. If you want your beliefs to be accurate, you’re constantly swimming against your own biology and instincts.Broadly speaking, I think we can identify three reasons... See more

Instead of drinking one cup of coffee every morning (thus making light caffeination your new normal and loosing any long term productivity gains), avoid caffeine during the week and drink as many expressos as you want on Saturdays and Sundays as you work on your exciting weekend project.