Morgan Stanley: Global oil supply likely to peak earlier than demand
"Global oil supply is likely to peak even earlier than demand, Morgan Stanley said in a research note, based on its analysis on current trends." What does this mean? Investment in new oil and gas is falling because of policies to phase it out. This means the supply of fossil fuels will peak (or has peaked)...
Overturning 'conventional wisdom' with 'natural experiments'
Via Reuters ... "Economists David Card, Joshua Angrist and Guido Imbens won the 2021 Nobel economics prize on Monday for pioneering "natural experiments" to show real-world economic impacts in areas from minimum wage increases in the U.S. fast-food sector to migration from Castro-era Cuba." "One experiment...
Source: reuters.com
Ways to prevent crime other than police and prisons
Ways to prevent crime other than police and prisons: There are less harmful ways to stop a lot of crime from happening in the first place. Listen to Jennifer Doleac — Associate Professor of Economics at Texas A&M University, and Director of the Justice Tech Lab — is an expert on empirical research...
Source: 80000hours.org
Effect of alcohol on promise making - a prisoner
An Economic Analysis of Business Drinking: Evidence from a Lab-in-the-field Experiment
“Our GAAM (guilt aversion and alcohol myopia) model predicts that intoxication increases promise-making but has no effect on promise-breaking. We test these predictions using a prisoner’s dilemma game with pre-play...
Source: gmu.edu
Phrases of the day: selective exposure, selective perception, principles knowledge, vicarious trial, change agent, and cue-to-action.
Phrases of the day: selective exposure, selective perception, principles knowledge, vicarious trial, change agent, and cue-to-action. I’ve been reading Everett Rogers’ book Diffusion of Innovations with a ‘learning lens’ on. I’m fascinated that the adoption of innovations is so analogous to...
Source: amazon.co.uk
Cost Effectiveness of Support for People Starting a New Medication for a Long-Term Condition Through Community Pharmacies:
Cost Effectiveness of Support for People Starting a New Medication for a Long-Term Condition Through Community Pharmacies: An Economic Evaluation of the New Medicine Service (NMS) Compared with Normal Practice Rachel A. Elliott. Lukasz Tanajewski. Georgios Gkountouras. Anthony J. Avery. Nick Barber....
Source: springer.com
We could close this lethal north-south gap – if we wanted to | Dawn Foster: If we do not acknowledge the role that poverty
We could close this lethal north-south gap – if we wanted to | Dawn Foster: If we do not acknowledge the role that poverty plays, poorer people will continue to suffer, says Dawn Foster, a writer on politics, social affairs and economics
Source: theguardian.com
Remote intelligence will be with us before artificial intelligence concludes Richard Baldwin in his book "The Great Convergence".
Remote intelligence will be with us before artificial intelligence concludes Richard Baldwin in his book "The Great Convergence". He proposes this future by explaining the present state of global trade in terms of three "separation costs"; transport, knowledge, and people. Transport costs fell with...
Source: amazon.co.uk
The Simple Economics of Machine Intelligence. Technological revolutions tend to involve some important activity becoming
The Simple Economics of Machine Intelligence. Technological revolutions tend to involve some important activity becoming cheap, like the cost of communication or finding information. Machine intelligence is, in its essence, a prediction technology, so the economic shift will center around a drop in the...
Source: digitopoly.org
Trump victory has its roots in the post cold-war settlement - John Kay: There is wide agreement that Brexit and Trump's
Trump victory has its roots in the post cold-war settlement - John Kay: There is wide agreement that Brexit and Trump's election were caused by economics. But this and the prescriptions - tweaks to the income distribution, more aid to failing industries and districts - understate the scale and nature...
Source: johnkay.com
Good read. Obliquity by John Kay on behavioural economics. "The world is complex, imperfectly known, and our knowledge of
Good read. Obliquity by John Kay on behavioural economics. "The world is complex, imperfectly known, and our knowledge of it is incomplete, and these things will remain true however much we learn and however much we analyse it." That is why we need to be 'oblique' or muddle through rather than be direct...
Source: amazon.co.uk
What are the Costs and Benefits of Providing Comprehensive Seven‐day Services for Emergency Hospital Admissions? Meacock,
What are the Costs and Benefits of Providing Comprehensive Seven‐day Services for Emergency Hospital Admissions? Meacock, Rachel. Doran, Tim. Sutton, Matt. Health Economics. "There is as yet no clear evidence that 7-day services will reduce
weekend deaths or can be achieved without increasing weekday...
Source: wiley.com
In this book Tony Atkinson - Centennial Professor at the London School of Economics and Political Science - asks the question,
In this book Tony Atkinson - Centennial Professor at the London School of Economics and Political Science - asks the question, "If we wish to reduce the extent of inequality, how can this be done?"
His answer includes looking at history for evidence of what has worked in the past and what could be...
Source: harvard.edu
The 'Good Right' isn't caring. It just knows what's good for you: Each term, my 12-year-old daughter’s class has a “topic”.
The 'Good Right' isn't caring. It just knows what's good for you: Each term, my 12-year-old daughter’s class has a “topic”. The topics display the interests of her teachers. Last term it was “poverty in our back yard”. This term they are lamenting the plight of girls around the world who do...
Source: independent.co.uk
Researchers Unable To Replicate Findings of Published Economics Studies - Slashdot
Researchers Unable To Replicate Findings of Published Economics Studies - Slashdot
Source: slashdot.org
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