Category: Uncategorized
Friday assorted links
An aggregate Bayesian approach to more (artificial) intelligence?
It is not disputed that current AI is bringing more intelligence into the world, with more to follow yet. Of course not everyone believes that augmentation is a good thing, or will be a good thing if we remain on our current path.
To continue in aggregative terms, if you think “more intelligence” will be bad for humanity, which of the following views might you also hold?:
1. More stupidity will be good for humanity.
2. More cheap energy will be bad for humanity.
3. More land will be bad for humanity.
4. More people (“N”) will be bad for humanity.
5. More capital (“K”) will be bad for humanity.
6. More innovation (the Solow residual, the non-AI part) will be bad for humanity.
Interestingly, while there are many critics of generative AI, few defend the apparent converse about more stupidity, namely #1, that we should prefer it.
I am much more worried about #2 — more cheap energy — than I am about more generative AI.
I don’t know anyone worried about “too much land.” Maybe the dolphins?
There have been many people in the past worried about #4 — too many people — but world population will be shrinking soon enough, so that is a moot point.
I do not hear that “more capital” will be bad for humanity. As for innovation, the biggest innovation worriers seem to be the AI worriers, which brings us back to the original topic.
My general view is that if you are worried that more intelligence in the world will bring terrible outcomes, you should be at least as worried about too much cheap energy. What exactly then is it you should want more of?
More land? Maybe we should pave over more ocean, as the Netherlands has done, but check AI and cheap energy, which in turn ends up meaning limiting most subsequent innovation, doesn’t it?
If I don’t worry more about that scenario, it is only because I think it isn’t very likely.
If you worry about bringing too much intelligence into the world, I think you have to be a pretty big pessimist no matter what happens with AI. How many other feasible augmentations can have positive social marginal products if intelligence does not?
Addendum: I have taken an aggregative approach. You might think we need “more intelligence” and also “more AI,” but perhaps in different hands or at different times. In contrast, I think we are remarkably fortunate to be facing the particular combination of parties and opportunities that stand before us today.
Political Sentiment and Innovation
Are these the “animal spirits” they like to talk about? And is this also evidence of the growing politicization of the U.S. economy?:
We document political sentiment effects on US inventors. Democratic inventors are more likely to patent (relative to Republicans) after the 2008 election of Obama but less likely after the 2016 election of Trump. These effects are 2-3 times as strong among politically active partisans and are present even within firms over time. Patenting by immigrant inventors (relative to non-immigrants) also falls following Trump’s election. Finally, we show partisan concentration by technology class and firm. This concentration aggregates up to more patenting in Democrat-dominated technologies (e.g., Biotechnology) compared to Republican-dominated technologies (e.g., Weapons) following the 2008 election of Obama.
That is from a new NBER working paper by Joseph Engleberg, Runjing Lu, William Mullins, and Richard R. Townsend.
Thursday assorted links
1. Scott Alexander defends the notion of automaticity.
2. Well, the Rolling Stones needed a bass player and a drummer… They have to cut “I Wanna’ Be Your Man,” right?
3. “Specifically, we show that men who post often on social media are seen as feminine, a phenomenon we refer to as the “frequent-posting femininity stereotype.”” Link here.
4. Caltech allows new, non-high school class admissions requirements.
5. Zvi on Gemini, and many other AI matters.
New Emergent Ventures Vertical Supports Talent Identification Projects
Here is the press release and more detail, I thank Schmidt Futures and Eddie Mandhry for their support, and there is a parallel initiative led by David Deming and Heidi Williams, focusing on the research side of talent identification (for that do not apply to Mercatus/EV). Applications on the practitioner side for finding and developing talent are welcome at the usual Emergent Ventures site.
Italy fact of the day
Before becoming Italian prime minister, Giorgia Meloni was one of the most strident voices on migration in the European Union. As an opposition politician, she warned darkly of efforts to substitute native Italians with ethnic minorities and promised to put in place a naval blockade to stop migrants crossing the Mediterranean.
During her time in office, she has taken a markedly different tack — presiding over a sharp spike in irregular arrivals and introducing legislation that could see as many as 1.5 million new migrants arrive through legal channels.
Do note this:
Meloni is presiding over a country that is economically stagnant and in demographic decline. Over the last decade, Italy has shrunk by some 1.5 million people (more than the population of Milan). In 39 of its 107 provinces, there are more retirees than workers. ..
Meloni’s legal migration decree estimates Italy needs 833,000 new migrants over the next three years to fill in the gap in its labor force. It opens the door to 452,000 workers over the same period to fill seasonal jobs in sectors like agriculture and tourism as well as long-term positions like plumbers, electricians, care workers and mechanics…
Given Italy’s rules on family reunification, which allow residents to bring in relatives, “it’s easy to predict that over something like 10 years, these figures will triple,” bringing in about 1.5 million migrants, said Maurizio Ambrosini, a professor of sociology and an expert on migration at Milan’s university.
The median voter surfaces yet again? Here is the full account, via Andrew McLoughlin.
Wednesday assorted links
My Conversation with Vishy Anand
In Chennai I recorded with chess great Vishy Anand, here is the transcript, audio, and video, note the chess analysis works best on YouTube, for those of you who follow such things (you don’t have to for most of the dialogue). Here is the episode summary:
Tyler and Vishy sat down in Chennai to discuss his breakthrough 1991 tournament win in Reggio Emilia, his technique for defeating Kasparov in rapid play, how he approached playing the volatile but brilliant Vassily Ivanchuk at his peak, a detailed breakdown of his brilliant 2013 game against Levon Aronian, dealing with distraction during a match, how he got out of a multi-year slump, Monty Python vs. Fawlty Towers, the most underrated Queen song, how far to take chess opening preparation, which style of chess will dominate in the next ten years, how AlphaZero changes what we know about the game, the key to staying a top ten player at age 53, why he thinks he’s a worse loser than Kasparov, qualities he looks for in talented young Indian chess players, picks for the best places to eat in Chennai, and more.
Here is one excerpt:
COWEN: Do you hate losing as much as Kasparov does?
ANAND: To me, it seems he isn’t even close to me, but I admit I can’t see him from the inside, and he probably can’t see me from the inside. When I lose, I can’t imagine anyone in the world who loses as badly as I do inside.
COWEN: You think you’re the worst at losing?
ANAND: At least that I know of. A couple of years ago, whenever people would say, “But how are you such a good loser?” I’d say, “I’m not a good loser. I’m a good actor.” I know how to stay composed in public. I can even pretend for five minutes, but I can only do it for five minutes because I know that once the press conference is over, once I can finish talking to you, I can go back to my room and hit my head against the wall because that’s what I’m longing to do now.
In fact, it’s gotten even worse because as you get on, you think, “I should have known that. I should have known that. I should have known not to do that. What is the point of doing this a thousand times and not learning anything?” You get angry with yourself much more. I hate losing much more, even than before.
COWEN: There’s an interview with Magnus on YouTube, and they ask him to rate your sanity on a scale of 1 to 10 — I don’t know if you’ve seen this — and he gives you a 10. Is he wrong?
ANAND: No, he’s completely right. He’s completely right. Sanity is being able to show the world that you are sane even when you’re insane. Therefore I’m 11.
COWEN: [laughs] Overall, how happy a lot do you think top chess players are? Say, top 20 players?
ANAND: I think they’re very happy.
Most of all, I was struck by how good a psychologist Vishy is. Highly recommended, and you also can see whether or not I can keep up with Vishy in his chess analysis. Note I picked a game of his from ten years ago (against Aronian), and didn’t tell him in advance which game it would be.
*The Conservative Futurist*
The author is James Pethokoukis, and the subtitle is How to Create the Sci-Fi World We Were Promised.
All excellent stuff…due out October 3rd…
What I’ve been reading
R.C. Zaehner, Concordant Discord: The Interdependence of Faiths Being the Gifford Lectures on Natural Religion Delivered at St. Andrews in 1967-1969. Half of this volume is amazing, the other half meandering. The best parts are on Hinduism and Buddhism, and how they can best be understood in relation to Western religions. Zaehner has an amazing Wikipeda page, and I have ordered other books by him, the ultimate act of literary flattery.
James Stafford, The Case of Ireland: Commerce, Empire and the European Order, 1750-1848. An excellent and well-researched books, most interesting on the Irish Union of 1800-1801 and how and why so many classical liberals favored it. What did they get wrong? Or did they? Consistently instructive on earlier Irish thought on trade as well.
Victoria Houseman, American Classicist: The Life and Loves of Edith Hamilton. A good and fun book. I hadn’t known that she was very likely bisexual, or that she was good friends with Felix Morley and Robert Taft. Interesting throughout, and drives home the point about just how early Hamilton did her most important work on mythology. It remains widely read today.
Harvey Sachs, Schoenberg: Why He Matters. A very good introduction to a composer who truly matters. Also a good (short) portrait of Vienna at that time. Maybe it won’t “sell you” on Schoenberg, but it will make his advocates (I am one of them) seem far less crazy. It also admits that a lot of his work wasn’t that good, and helps you separate the better from the worse.
Henry Farrell and Abraham Newman, Underground Empire: How America Weaponized the World Economy. This book in preprint form was well ahead of its time, and now it is coming out in a super-timely fashion.
Lorraine Byrne Bodley, Schubert: A Musical Wayfarer. Super-thorough, everything about Schubert and most of all his music.
I have not read the new novel by Bradley Tusk, namely Obvious in Hindsight, about the attempted introduction of flying cars and the regulatory obstacles that arose (among other dramatic events).
Lunana, A Yak in the Classroom is the only and also the best Bhutanese movie I have seen, ever. Recommended, gives you a real look at the country, both rural and urban [sic].
How to travel in India
An MR reader asks me:
….what have you found to be nonobvious activities with high return on time invested in India?
Perhaps it is all obvious, but here is my list:
1. Make sure you visit a bunch of smaller temples, not just the famous, very well known sites.
2. Never turn down a trip, or side trip, to any particular part of India. Never say “Nah, it is not interesting there.” Because it is.
3. Along those lines, try to see many different parts of the country. Think of India as more culturally diverse than say Europe.
4. Most of the typical “sights” are overrated, the best sight is India itself. I enjoyed the (Indian) visitors to the Taj Mahal more than the Taj itself.
5. The very best food is often in mid-tier restaurants, smallish, often with lines, find out when you should arrive. There isn’t a good enough reason to risk street food, given the quality available elsewhere, though in many other countries I do recommend street food.
6. Try to visit residences from all income classes.
7. Noise pollution still matters.
8. You cannot expect people to be on time, or to be able to avoid social pressures to join situations, spend more time somewhere, see another family member, and so on.
9. Unless you have been to India very recently, the infrastructure is much better than what you might be expecting from a previous trip.
10. India has the world’s best hotels, and many of them are less expensive than you might think, especially in off-season.
11. When choosing when to visit, do look into issues of heat, monsoon, and air pollution, before making concrete plans.
What else?
Tuesday assorted links
Market Response to Racial Uprisings
Defund the police was never really in the cards:
Do investors anticipate that demands for racial equity will impact companies? We explore this question in the context of the Black Lives Matter (BLM) movement—the largest racially motivated protest movement in U.S. history—and its effect on the U.S. policing industry using a novel dataset on publicly traded firms contracting with the police. It is unclear whether the BLM uprisings were likely to increase or decrease market valuations of firms contracting heavily with police because of the increased interest in reforming the police, fears over rising crime, and pushes to “defund the police”. We find, in contrast to the predictions of economics experts we surveyed, that in the three weeks following incidents triggering BLM uprisings, policing firms experienced a stock price increase of seven percentage points relative to the stock prices of nonpolicing firms in similar industries. In particular, firms producing surveillance technology and police accountability tools experienced higher returns following BLM activism–related events. Furthermore, policing firms’ fundamentals, such as sales, improved after the murder of George Floyd, suggesting that policing firms’ future performances bore out investors’ positive expectations following incidents triggering BLM uprisings. Our research shows how—despite BLM’s calls to reduce investment in policing and explore alternative public safety approaches—the financial market has translated high-profile violence against Black civilians and calls for systemic change into shareholder gains and additional revenues for police suppliers.
That is from a new NBER working paper by Bocar A. Ba, Roman Rivera, and Alexander Whitefield.
Monday assorted links
1. Good advice from the very smart Susan Athey, but it is exactly what has gone wrong. (To be clear, Susan herself does a great deal to help out other people, including those who cannot plausibly benefit her in return. In any case she describes the screwed-up incentives in the profession very well.)
3. “Contrary to popular wisdom, we find that most artists’ reputations peak just before their death, and then start to decline.” I believe the same is true for economists.
4. Do high-pollen days make us stupider?: “…we demonstrate that high pollen days are associated with increased accidents and injuries—one of the most extreme consequences of cognitive impairment.”
5. Are only 22 people needed to colonize Mars? (seems quite wrong to me)
E Pluribus Unum: Out of Many, One
In Unity in Diversity? How Intergroup Contact Can Foster Nation Building, Bazzi, Gaduh, Rothenberg, and Wong use a nation-wide natural experiment to test when diversity leads to unity and strength and when it leads to disunity and weakness.
Indonesia consists of 17,000 islands with thousands of distinct ethnic groups and hundreds of languages. The post-Colonial leaders understood the difficulty of creating a nation from such diversity and to try to birth a nation they implemented several bold policies. One such policy was creating a national language that was not the language of the majority or any large plurality. Indeed, the Indonesian national language was spoken as a mother tongue by only 5% of the native citizens but its use is required in schools and official communications. The second bold policy was the transmigration experiment. The transmigration experiment moved millions of people from the more densely populated islands to the less densely populated islands. The policy was big, between 1979 and 1984, for example, 2.5 million people were moved.
One goal of the program was to relieve population pressures and give more Indonesians their own plot of land but another goal was the creation of a unified nation.
[T]he Minister of Transmigration stated “By way of transmigration, we will try to . . . integrate all the ethnic groups into one nation, the Indonesian nation. The different ethnic groups will in the long run disappear because of integration and there will be one kind of man, Indonesian” (Hoey, 2003).
The program was voluntary. Migrants received plots of lands assigned by lottery in new villages. The way the program worked was that people of many different ethnicities and languages volunteered and (more or less, see the paper for details) lined up haphazardly to be assigned to a new village on a new island. The migrants could not choose their new village. Thus, the new villages varied in diversity: some of them were highly fractionalized (a high probability of two randomly chosen people in the village having different mother tongues) but due to bunching in the entry line, some of the villages had less diversity.
The authors show that people who for random reasons ended up in villages with a high fractionalizatin adoped more “national” or “unifying” behaviours. For example, people in high fractionalization villages were more likely to adopt the national language as the language spoken in their home (as opposed to speaking their mother tongue at home). In addition, the people in high fractionalization villages were more likely to intermarry and to give their children less ethnic names. Measures of social capital such as trust, tolerance and public goods provision were also higher in high fractionalization villages.
A simple way of summarizing these results is that people in high fractionalization villages adopted behaviours similar to those of people in cities.
Now, you might think; of course people in fractionalized villages adopt the national language because that was the only common language! There is something to that although it doesn’t explain why people adopt the national language as their home language. More importantly, the authors make a distinction between fractionalized and polarized villages. Polarized villages also have significant diversity but instead of many small groups there are a few large groups. People in polarized villages are less likely to adopt the national language as the language spoken in their home, are less likely to intermarry, less likely to give their children less ethnic names and measures of social capital such as trust, tolerance and public goods provision tend to be lower in high polarization villages.
My interpretation, which goes beyond what the authors say, is that diversity is good when it promotes individualism. A highly diverse society lets people break free from traditional constraints and develop as unique individuals. City air sets you free was a principle of law but also a recognition that in a city with many groups none could impose their will on all and thus social freedom blossomed. As Milton Friedman once said freedom promotes diversity and diversity protects freedom.
In contrast, diversity in the form of polarization, two or three big groups, makes tribalism even worse because the presence of multiple large groups increases the salience of group identity and makes people conform more and enforce conformity to their own group more, both as a kind of reactive self-defense.
One surprise is that the authors argue that ethnic segregation in high fractionalization villages tends to reduce the good effects of diversity but segregation in high polarization villages tends to ameliorate the costs of diversity; in other words, segregation significantly dampens the effects of both fractionalization and polarization. That’s surprising because other work argues that geographic segregation increases the salience of groups and group differences–if blacks and whites live in different parts of town or different castes live in different parts of town, for example, that increases the salience of racial or caste differences which might diminish if races and castes were more evenly distributed, even absent other changes.
In any case, this is a great paper taking advantage of a novel experiment in social engineering that, unusually, may have worked.