How to talk on Zoom

In a study last year, people who were face-to-face responded to yes/no questions in 297 milliseconds, on average, while those on Zoom chats took 976 milliseconds. Conversational turns — handing the mic back and forth between speakers, as it were — exhibited similar delays. The researchers hypothesized that something about the scant 30- to 70-millisecond delay in Zoom audio disrupts whatever neural mechanisms we meatbags use to get in sync with one another, that magic that creates true dialogue.

And the data:

The result is the largest-ever database of one-on-one Zoom conversations. It’s called CANDOR, short for Conversation: A Naturalistic Dataset of Online Recordings. Reece and his colleagues examined more than 1,600 conversations — some 850 hours and 7 million words total. The researchers paired volunteers, people who had never met each other, and asked them to hop on Zoom for half an hour about any old thing — with Record turned on. Which means that unlike most conversational databases, CANDOR didn’t just encode their words, which were transcribed automatically, by digital algorithms. It also automatically captured things like the tone, volume, and intensity of conversational exchanges, recording everything from facial expressions to head nods to the number of “ums” and “yeahs.”

And some results:

But loudness, it turns out, isn’t as good a metric as intensity — maybe because intensity is more subtle, a combination of the frequencies and sibilance of speech and the emotion conveyed by everything from tone to body language. To help the computer to assess something so ineffable — like, what is this thing you humans call love? — the CANDOR team fed it the Ryerson Audio-Visual Database of Emotional Speech and Song. That enabled the candorbots to draw on more than 7,000 recordings of 24 actors saying and singing things with different emotional shading, from happy or sad to fearful or disgusted. The machine found that women rated as better Zoom conversationalists tended to be more intense. The differences among men, strangely, were statistically insignificant. (The reverse was true for happiness. Male speakers who appeared to be happier were rated as better conversationalists, while the stats for women didn’t budge.)

Then there’s nodding. Better-rated conversationalists nodded “yes” 4% more often and shook their heads “no” 3% more often. They were not “merely cheerful listeners who nod supportively,” the researchers note, but were instead making “judicious use of nonverbal negations.” Translation: An honest and well-timed no will score you more points than an insincere yes. Good conversationalists are those who appear more engaged in what their partners are saying.

Here is the full Adam Rogers article, and most notably the participants did not dislike talking on Zoom per se.  Via the excellent Samir Varma.

Hypergamy Revisited: Marriage in England, 1837-2021

There is a new paper by Greg Clark and Neil Cummins:

It is widely believed that women value social status in marital partners more than men, leading to female marital hypergamy, and more female intergenerational social mobility. A recent paper on Norway, for example, reports significant female hypergamy, even today, as measured by parental status of men and women in partnerships. Using evidence from more than 33 million marriages and 67 million births in England and Wales 1837-2022 we show that there was never within this era any period of significant hypergamous marriage by women. The average status of women’s fathers was always close to that of their husbands’ fathers. Consistent with this there was no differential tendency in England of men and women to marry by social status. The evidence is of strong symmetry in marital behaviors between men and women throughout. There is also ancillary evidence that physical attraction cannot have been a very significant factor in marriages in any period 1837-2021, based on the correlation observed in underlying social abilities.

Here is the link, oddly they are charging six pounds for access.  Now there is an ungated version.

A Systematic Review of Human Challenge Trials, Designs, and Safety

One of the most bizarre aspects of the COVID era was the institutional unwillingness to perform human challenge trials, which likely would have sped up vaccines and other treatments and saved lives. We let people join the military, indeed we advertise to encourage people to join the military, but for some reason running a human challenge trial is considered ethically fraught.

A new review find that HCTs are quite safe–more evidence that we have too few of these trials.

Human challenge trials (HCTs) are a clinical research method in which volunteers are exposed to a pathogen to derive scientifically useful information about the pathogen and/or an intervention [1]. Such trials have been conducted with ethical oversight since the development of the modern institutional review system of clinical trials in the 1970s. More recently, there has been renewed discussion about the ethical and practical aspects of conducting HCTs, largely fueled by interest in conducting HCTs for severe acute respiratory syndrome coronavirus 2. Past reviews of HCTs focused on reporting methods [2] and safety for single pathogens [3–6], but these did not explicitly evaluate the safety of HCTs by assessing reported adverse events (AEs) and serious adverse events (SAEs) across a range of pathogens. Furthermore, many additional HCTs have been performed since the publication of these reviews. To better inform discussions about future uses of HCTs, including during pandemic response, this article presents a systematic review of challenge trials since 1980 and reports on their clinical outcomes, with particular focus on risk of AEs and risk mitigation strategies.

Hat tip: Alec Stapp.

Do higher minimum wages reduce poverty?

Advocates of minimum wage increases have long touted their potential to reduce poverty. This study assesses this claim. Using data spanning nearly four decades from the March Current Population Survey, and a dynamic difference-in-differences approach, we find that a 10 percent increase in the minimum wage is associated with a (statistically insignificant) 0.17 percent increase in the probability of longer-run poverty among all persons. With 95% confidence, we can rule out long-run poverty elasticities with respect to the minimum wage of less than -0.129, which includes central poverty elasticities reported by Dube (2019). Prior evidence suggesting large poverty-reducing effects of the minimum wage are (i) highly sensitive to researcher’s choice of macroeconomic controls, and (ii) driven by specifications that limit counterfactuals to geographically proximate states (“close controls”), which poorly match treatment states’ pre-treatment poverty trends. Moreover, an examination of the post-Great Recession era — which saw frequent, large increases in state minimum wages — failed to uncover poverty-reducing effects of the minimum wage across a wide set of specifications. Finally, we find that less than 10 percent of workers who would be affected by a newly proposed $15 federal minimum wage live in poor families.

That is from a new NBER working paper by Richard V. Burkhauser, Drew McNichols, and Joseph J. Sabia.  Should one believe these new results over the old results, or just be skeptical of the whole line of research entirely?

What I’ve been reading and not having time to read

Marcel Proust, The Seventy-Five Folios & Other Unpublished Manuscripts.  Early drafts of In Search of Lost Time, fragments, but still of interest to Proust lovers.

Claire Hughes Johnson, Scaling People: Tactics for Management and Company Building is that rare thing — a good and also useful management book.  She was COO at Stripe, this is a Stripe Press title, and I was happy to see it make the WSJ bestseller list.

Kelly and Zach Weinersmith, A City on Mars: Can We Settle Space, Should We Settle Space, and Have We Really Thought This Through?  The authors are skeptical on the actual settlement of space, and so am I, so I am glad this book exists.  I hope somebody proves them wrong, but that is not my bet.

Anton Jäger and Daniel Zamora Vargas, Welfare for Markets: A Global History of Basic Income, is a good history of ideas on the basic concept.

Geoff Johns and Gary Frank, Superman Brainiac, Superman wins, but is that plausible?  Yes.  The writers note there is too much that Brainiac cannot control, most of all on Earth.

Peter Attia, with Bill Gifford, has now published Outlive: The Science & Art of Longevity.

I have only browsed Philip J. Stern, Empire, Incorporated: The Corporations that Built British Colonialism, but it seems to be a very good and serious treatment of its chosen topics.

Lionel Page, Optimally Irrational: The Good Reasons We Behave the Way We Do, argues that many behavioral “imperfections” in economics are in fact rational in a broader perspective.

Simone and Malcolm Collins, The Pragmatist’s Guide to Crafting Religion, the authors lay out what their version of a pro-natalist world and philosophy would have to look like.

There is Shanker A. Singham and Alden F. Abbott, Trade, Competition and Domestic Regulatory Policy: Trade Liberalisation, Competitive Markets and Property Rights Protection.

I will not have time to read Chris Wickham’s massive tome The Donkey & the Boat: Reinterpreting the Mediterranean Economy, 950-1180, but surely it is worthy of note and it appears to be a major achievement.

And Is Social Justice Just?, edited by Robert M. Whaples, Michael C. Munger, and Christopher J. Coyne.

Should we limit capital flows from America to China?

I am not thrilled with these policy proposals:

President Joe Biden is expected to issue an executive order next month restricting US investment in China, in part over concerns about US national security. Those concerns are valid, but the move would cede far too much arbitrary power to the federal government over capital flows and economic activity.

The policy will reportedly cover semiconductors, AI and quantum computing, and on the supply side it applies to venture capital, private equity and some technology transfers and joint ventures. It’s reminiscent of the proposed ban on TikTok. You can debate whether a bill that said “Ban TikTok” — and little else — would be a good idea. In reality, what was proposed would potentially criminalize a broad swath of internet activity in America.

Restrictions on capital flows to China would run into similar problems. On the surface, they would be addressing commonsensical national-security issues. Underneath, they would give the executive branch carte blanche to both punish foreign nations economically and to restrict domestic investors.

And this:

All said, it would be better for the US to devote resources to limiting Chinese espionage, or upgrading US supply chains and weapons systems. When it comes to relations with China, blocking its access to key weapons systems should be the priority.

Here is the full Bloomberg column.

Diamond arbitrage!

That diamond ring your newly engaged friend is showing off? It may not be a traditional diamond.

More than a third of all engagement rings with center stones purchased last year were created in a lab, according to an online survey of nearly 12,000 U.S. couples by wedding-planning website The Knot. That’s double the number from 2020.

A natural diamond takes billions of years to form deep within the earth. The diamond industry, it seems, evolves almost as slowly. But a major shift seems to be under way.

As the technology to make lab-grown diamonds has improved, production has increased and retail prices are falling. Their growing popularity, especially among younger consumers, has caught the attention of jewelers and watchmakers — and is challenging traditional diamonds that are mined from the earth.

It’s not just engagement rings. Diamonds grown in a lab accounted for 13.6% of the $88.6 billion in diamond jewelry sold globally in 2022, up from less than 1% in 2015 where they had hovered since the early 2000s, according to Paul Zimnisky, a diamond industry analyst.

Here is more from the WSJ, and the article is interesting throughout.  Here is my 2004 post on diamonds.  Didn’t Alex once have a long post on this as well?  (I can’t find it in the MR search function.)

*The Chile Project*

An excellent book, the author is Sebastian Edwards, and the subtitle is The Story of the Chicago Boys and the Downfall of Neoliberalism.  This is the only book on this topic where I feel I am finally getting to the bottom of what happened.  Here are a few points:

1. The Chicago School ties to Chile go as far back as 1955, when Theodore Schultz, Earl Hamilton, Arnold Harberger, and Simon Rottenberg visited to strike up an agreement with Catholic University in Santiago.

2. The same year Chilean students started arriving at U. Chicago for graduate study.

3. Edwards himself, at the age of 19, worked on price controls under the Allende regime.

4. Paul Rosenstein-Rodan, the (left-wing) Austrian economist, was critical of the Allende regime for deviating from true socialism.

5. The Allende regime was a disaster, with for instance real wages falling by almost 40 percent (this one I knew).

6. Pinochet’s much-heralded private pension reform really did not work (I may do a whole post on this).

7. Milton Friedman’s famed visit really was quite modest, contrary to what you sometimes hear.  Nonetheless he was so persuasive he really did convince Pinochet to proceed with the shock therapy version of reform.  He had mixed feelings about this for the rest of his life, and did not like to talk about it: “But deep inside, Friedman was bothered by the Chilean episode.”

8. You may know that pegging the exchange rate was one of the major Chilean mistakes during the reform era.  Friedman, although usually a strict advocate of floating exchange rates, did not take the opportunity to criticize that decision, and in fact made some remarks that suggested a possible willingness to tolerate a moving peg regime for the Chilean exchange rate.

9. Friedman underestimated how long Chilean unemployment would last, following shock therapy.

10. Arnold Harberger “…prided himself in not being doctrinaire and not being a Milton Friedman clone.”

11. Much more recently, Chile turned to the Left, in part because Chilean market-oriented economists retreated from public debates.

Strongly recommended, one of the must-reads of the year.  You can buy it here.

Sunday assorted links

1. Padma Desai has passed away.

2. The new Pigou Club?: “Prolific sperm donor with over 500 children must pay $110K if he donates again, court rules.”

3. How to deregulate the airlines (by Air Genius Gary Leff).  And no, we Americans still have not done so.

4. First Congressional rep. to end college degree requirement for staffers.

5. How barbacoa evolved into barbecue.

6. “Militarized Dolphins Protect Almost a Quarter of the US Nuclear Stockpile.”

7. In no simple way does the King own all the swans in Britain.

In Defense of Merit

An excellent paper co-authored by many luminaries, including two Nobel prize winners:

Merit is a central pillar of liberal epistemology, humanism, and democracy. The scientific enterprise, built on merit, has proven effective in generating scientific and technological advances, reducing suffering, narrowing social gaps, and improving the quality of life globally. This perspective documents the ongoing attempts to undermine the core principles of liberal epistemology and to replace merit with non-scientific, politically motivated criteria. We explain the philosophical origins of this conflict, document the intrusion of ideology into our scientific institutions, discuss the perils of abandoning merit, and offer an alternative, human-centered approach to address existing social inequalities.

Great work! The only problem? See where the paper was published (after being rejected elsewhere).

USA fact of the day

Funds marketed with a sustainable label were hit with $12.4bn in net outflows in the US in the past 12 months even as green funds in Europe added $126.3bn, according to the data provider Morningstar.

The rift between the jurisdictions is a sign that the political backlash against asset managers who take a position on environmental, social and governance issues in the US have started to dampen appetite for ESG strategies, analysts say.

Here is more from Kenza Bryan at the FT.

Emergent Ventures Africa and Caribbean, third cohort

Dr. Keabetswe Ncube is a Geneticist from South Africa. Her EV grant is for her work in using statistical and genetic inferences to help rural farmers maximize yields.

Frida Andalu is a petroleum engineer by training from Tanzania and a Ph.D. candidate. Her EV grant is to assist in her research of developing plant-based volatile corrosion inhibitors to mitigate top-of-line corrosion in natural gas pipelines.

Desta Gebeyehu is a biochemical researcher from Kenya. Her EV grant is to assist in her research of developing bioethanol-gel fuel from organic waste.

Bobson Rugambwa is a software engineer from Rwanda. After graduating with a master’s from Carnegie Mellon University he co-founded MVend to tackle the problem of financial inclusion in Rwanda.

Sylvia Mutinda is a Chemist and Ph.D. researcher from Kenya. Her EV grant is to assist with her search on strigolactone biosynthesis focusing on countering striga parasites in sorghum farms in Kenya.

Dr. Lamin Sonko, born in the Gambia and raised in the U.S., is an Emergency Medicine physician and recent Wharton MBA graduate. He is the founder of Diaspora Health, an asynchronous telemedicine platform focused on patients in the Gambia and Senegal.

Cynthia Umuhire is an astronomer from Rwanda and Ph.D. researcher. She works as a space science analyst at the Rwanda Space Agency. Her EV grant is to assist her in establishing a knowledge hub for junior African researchers in space science.

Brian Kaaya is a social entrepreneur from Uganda. He is the founder of  Rural Solars Uganda, a social enterprise enabling rural households in Uganda to access electricity through affordable solar panels.

Shem Best is a designer and urban planning enthusiast from Barbados. His EV grant is to start a blog and podcast on urban planning in the Caribbean to spur discourse on the built environment in the Caribbean and its impact on regional integration.

Susan Ling is an undergraduate researcher from Canada. Her EV grant is to continue her research on biodegradable, long-acting contraceptive implants with a focus on Africa, and general career development

Elizabeth Mutua is a computer scientist and Ph.D. researcher from Kenya. Her EV grant is to assist in her research on an efficient deep learning system with the capacity to diagnose retinopathy of prematurity disease.

Youhana Nassif is the founder and director of Animatex, the biggest animation festival in Cairo, Egypt. His EV grant is for the expansion of the festival and general career development.

Esther Matendo is a Ph.D. candidate in food science from the Democratic Republic of the Congo. Her EV grant is to assist in her research on plant-based treatments of mycotoxin contamination on maize in South Kivu (one of the main maize production zones in the DRC).

Alex Kyabarongo is a recent graduate of veterinary medicine from Uganda. He is now a political affairs intern at the Implementation Support Unit of the Biological Weapons Convention at the United Nations Office for Disarmament Affairs in Geneva. His EV grant is for general career development.

Margaret Murage is a Ph.D. researcher from Kenya. Her EV grant is to assist in her research of developing new photosensitizing agents for photodynamic therapy for cancer treatment.

Kwesiga Pather, for design and development of low-cost drones for agricultural uses in Uganda and general career development.

Dr. Sidy Ndao is a materials engineer by training from Senegal. He is the founder and President of the Dakar American University of Science and Technology (DAUST). The university provides a rigorous American-style English-based engineering education to African students.

Chiamaka Mangut is a Ph.D. candidate at Columbia University from Nigeria. Her EV grant is to fund new field research using archaeobotanical methods to study ancient populations in the Jos Plateau.

Dr. Yabebal Fantaye is Cosmologist by training from Ethiopia. He is the co-founder of 10 Academy, a training bootcamp to assist recent graduates of quant fields to acquire remote data science-related jobs.

For his very good work on these award I wish to heartily than Rasheed Griffith.  And here is a link to the previous cohort of Africa winners.