1. Markets in everything: “New Zealand has ordered about 1,290 square feet of human skin from the United States to help treat patients severely burned in Monday’s volcanic eruption on White Island, as emergency workers scramble to find at least nine people still missing amid concerns the volcano could erupt again.”
4. Old MR post on the Junker fallacy. A lot of claims about stock buybacks commit this fallacy.
5. “My boss lets’us book hangover days.” (UK)
4. Atif Mian on the economy of Pakistan (NYT, note that Mian commits the “Junker fallacy,” namely he argues that land speculation on net drains funds from business investment — a basic mistake in economics).
4. Marriage Story is an excellent film on many levels, including but not only L.A. vs. NYC, furthermore it offers running commentary on Bergman’s Scenes from a Marriage (my favorite movie ever?) and the Bergman/Ullmann story itself.
2. Hard to believe this NYT defense of Cattelan and the banana (and written as one who loves Duchamp). I genuinely do not think it is parody.
Addendum: See Vitalik in the comments on #3:
I read the article; very unconvinced. The key part is the bottom of page 11 where the article reveals its model for how costly attacks on proof of stake systems are. The paper seems to think that in a proof of stake system, you win by having a longer chain than the other chains, and slashing is only there to prevent literal double-signing. This completely ignores the entire set of recent developments in PoS literature around Tendermint, Casper CBC, Casper FFG, etc, which are the entire basis for claims about PoS’s greater security. These newer protocols use a form of slashing where it is provably impossible to revert a finalized block without slashing 1/3 of the validator set, so an attacker loses not just interest but also principal.
The section on permissioned chains completely fails to model the reputational losses (and possible legal consequences) that would be incurred by nodes on the chain if they misbehave.
3. “Taken together, the evidence suggests that digitization occurs in prediction because it circumvents processing bottlenecks surrounding people’s ability to simulate outcomes in hypothetical worlds.”
5. Recent debates over inequality measures (The Economist, recommended).
1. Kittyconomics (teaching economics through cat videos).
1. “We find a small hot hand effect for free throws, concentrated in second and third shots in a free throw sequence, in players shooting at least 100 free throws in a season, and in games where players shoot four to five free throws. We find the opposite results for field goal attempts. If a player makes a field goal, he is less likely to make his next field goal attempt. These results are robust to controlling for the characteristics of the previous shot. Interestingly, both offenses and defenses respond to made field goals as if the hot hand effect exists.” Link here.
4. Adam Sandler update (NYT).
1. Scott Sumner on progress, recommended.
2. “The Tribunal’s members are certain – unanimously, and sure beyond reasonable doubt – that in China forced organ harvesting from prisoners of conscience has been practiced for a substantial period of time involving a very substantial number of victims.” Link here.