Results for “pandemic model”
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San Diego on the mind

Arthur Johnston emails me:

Back in 2013 you wrote a post “What has San Diego Contributed to American Culture” I published an answer that I hope you find satisfactory.

Here is an excerpt from that interesting post:

In the Cities and Ambition model this means that San Diego ‘discourages’ you from producing cultural artifacts. Which means San Diego has fewer cultural artifacts that are legible to people not living here. Its contribution to the wider American culture is instead encouraging people to be more active and social.

A concrete example, a few weeks ago on a Monday I asked what everyone did over the weekend and the answers were:

  1. sailing lessons
  2. jumping from an airplane with a parachute I packed myself
  3. surfing
  4. brewing beer [to share with friends]
  5. “just” hiking [with family]

Some things to note, first that four of those five things involve interacting with other human beings for enjoyment, which is a fundamental part of what we define as culture. “surfing” the lone solitary activity was mine the person who created a cultural artifact you’re currently consuming.

Secondly those activities are all ephemeral.

For one thing, I would think this means well-being during the pandemic declined less in San Diego.

A Cost/Benefit Analysis of Clinical Trial Designs for COVID-19 Vaccine Candidates

I am very happy to see this new and urgently needed study.  They have heeded the stricture to show their work.  The authors are Donald A. Berry, Scott Berry, Peter Hale, Leah Isakov, Andrew W. Lo, Kien Wei Siah, and Chi Heem Wong, and here is the abstract:

We compare and contrast the expected duration and number of infections and deaths averted among several designs for clinical trials of COVID-19 vaccine candidates, including traditional randomized clinical trials and adaptive and human challenge trials. Using epidemiological models calibrated to the current pandemic, we simulate the time course of each clinical trial design for 504 unique combinations of parameters, allowing us to determine which trial design is most effective for a given scenario. A human challenge trial provides maximal net benefits—averting an additional 1.1M infections and 8,000 deaths in the U.S. compared to the next best clinical trial design—if its set-up time is short or the pandemic spreads slowly. In most of the other cases, an adaptive trial provides greater net benefits.

And what is an adapted trial you may be wondering?:

An adaptive version of the traditional vaccine efficacy RCT design (ARCT) is based on group sequential methods. Instead of a fixed study duration with a single final analysis at the end, we allow for early stopping for efficacy via periodic interim analyses of accumulating trial data…While this reduces the expected duration of the trial, we note that adaptive trials typically require more complex study protocols which can be operationally challenging to implement for test sites unfamiliar with this framework. In our simulations, we assume a maximum of six interim analyses spaced 30 days apart, with the first analysis performed when the first 10,000 subjects have been monitored for at least 30 days.

That means of course you might cut the trial short.  Kudos to the authors for producing one of the most important papers of this year.

Brown University Graduate Student Admission Pause

To better support our current students through the global pandemic, admissions for the graduate program will be paused for the 2021-2022 academic year. We look forward to resuming our admissions process and reviewing applications.

That is everything behind the link — go model that one!  Can’t they borrow some money?  Won’t a vaccine be ready by then?  I know most university endowments are restricted, but…?

I thank Jon for the pointer.

Markets in everything those new service sector jobs

Pornography is the most common form of sexual experience available online — so common, perhaps, that a market for rarer intimacies has emerged.

Bottles of influencer bath water sell for $30 a jar. Some cam models have scaled back on erotic performance because they can earn more money selling homemade cookies and hair clippings. You can even pay a stranger to gorge himself on snacks from Trader Joe’s, if that’s your thing.

For some people, such work is a full-time job; others see it as a side hustle — one where the hourly pay can be considerably higher than the going rate for, say, dog walking or bartending. Plus, it doesn’t require leaving your dorm room or apartment…

Ella says that in her first semester at Parsons, she made around $800 a week from a few different sex-work-based revenue streams, including selling photos of her feet…

Still, what’s the appeal, one may ask, of having someone pay you to count your stretch marks, or selling pictures of your phalanges to strangers?

Do note this (Average is Over!):

Becoming a successful online sex worker isn’t easy. To gain a following, freelancers have to be savvy marketers, be highly proficient in search engine optimization, know how to budget, maintain a blog, and have pretty advanced video editing and producing skills.

Mz. Kim has created courses to help people build that skill set, including “Monetizing Your Appeal Online: Content Strategies for Models”; before the pandemic, she held classes across the country. Part of her gospel is: “It’s not about starting a profile on Twitter. You have to provide something more than selfies. You have to think about: What is your core appeal?” (Next week a new class, “Investing for Sex Workers,” will go live.)

Here is the full NYT piece, with plenty of further examples.

Covid-19 in Kenya

Let’s hope this is true!:

Policy makers in Africa need robust estimates of the current and future spread of SARS-CoV-2. Data suitable for this purpose are scant. We used national surveillance PCR test, serological survey and mobility data to develop and fit a county-specific transmission model for Kenya. We estimate that the SARS-CoV-2 pandemic peaked before the end of July 2020 in the major urban counties, with 34 – 41% of residents infected, and will peak elsewhere in the country within 2-3 months. Despite this penetration, reported severe cases and deaths are low. Our analysis suggests the COVID-19 disease burden in Kenya may be far less than initially feared. A similar scenario across sub-Saharan Africa would have implications for balancing the consequences of restrictions with those of COVID-19.

Here is the full paper.

Four stylized facts about Covid-19

We document four facts about the COVID-19 pandemic worldwide relevant for those studying the impact of non-pharmaceutical interventions (NPIs) on COVID-19 transmission. First: across all countries and U.S. states that we study, the growth rates of daily deaths from COVID-19 fell from a wide range of initially high levels to levels close to zero within 20-30 days after each region experienced 25 cumulative deaths. Second: after this initial period, growth rates of daily deaths have hovered around zero or below everywhere in the world. Third: the cross section standard deviation of growth rates of daily deaths across locations fell very rapidly in the first 10 days of the epidemic and has remained at a relatively low level since then. Fourth: when interpreted through a range of epidemiological models, these first three facts about the growth rate of COVID deaths imply that both the effective reproduction numbers and transmission rates of COVID-19 fell from widely dispersed initial levels and the effective reproduction number has hovered around one after the first 30 days of the epidemic virtually everywhere in the world. We argue that failing to account for these four stylized facts may result in overstating the importance of policy mandated NPIs for shaping the progression of this deadly pandemic.

That is the abstract of a new NBER paper by Andrew Atkeson, Karen Kopecky, and Tao Zha.  You will note that when it comes to Covid-19 cases, the superior performance Europe had enjoyed over the United States seems to be evaporating, see here on France and here on Europe more generally.

Wednesday assorted links

1. Vomit fraud in Uber.

2. Wikipedia on monoclonal antibodies.  And in the Covid-19 context.

3. Semi-herd immunity has come to Manaus without a lockdown (to be clear, I am not recommending this approach!  But you should use this data to recalibrate your mental models).

4. Finis Welch has passed away.

5. “We find no consistent relationship between gender [of leadership] and pandemic outcomes.”

Emergent Ventures India, second cohort of winners

Praveen Mishra

Praveen Mishra when he was 16 started the Power of Youth, a non-profit aimed at empowering rural students by giving them mentorship and conducting competitions to highlight their potential. He since has been building a ‘YouTube of e-commerce’. He is the founder of ByBuy, an omni-channel retail platform, and he received his EV grant to help with this launch.

Akash Bhatia and Puru Botla

Akash and Puru are the co-founders of Infinite Analytics (IA), a Boston-based company whose proprietary AI platform analyzes customers’ data. They received their EV grant to repurpose their platform for Covid containment to help governments and authorities in India with contact tracing and mobility analyses. They have since helped millions of users, and their Containment Zone analyses are becoming the bedrock for lockdown exit strategy in Mumbai and Pune. Here is a video about the project.

Mohammed Suhail Chinya Salimpasha

Suhail is a 19-year-old senior grade homeschooler. He dropped out of high school to work on finding new ways to quantify protein in serum applied on a faster diagnosis of malnutrition. This is his TedX talk on the project.  He diverted his efforts towards Covid, to create India’s first multi-language Covid symptom checker, which was adopted by some local authorities before the Government mandated an alternative.  He is currently working on solving problems in containerizing applications, Enterprise Cloud, low latency API communication, and 5G In Social Tech Democratization.

Manasseh John Wesley

Manasseh John Wesley is a 21-year-old from Hyderabad, India, studying engineering and technologies like embedded systems megatronics/machine learning/data science/digital communication systems. He is the founder of River Bend Data Solution, a data science company with health care applications. He received an EV grant to create a platform for hospitals to provide X-rays and CT scan images and to use AIML to identify at risk districts in Andhra Pradesh.

Vidya Mahambare and Sowmya Dhanaraj

Dr. Vidya Mahambare is a Professor of Economics at Great Lakes Institute of Management working in macroeconomics as well as cultural and social economics issues. Dr. Soumya Dhanaraj is an assistant professor of economics at the Madras School of Economics, working in Development Economics and Applied Microeconomics. Their grant is to support their work in labor market and migration distortions.

Onkar Singh

Onkar Singh Batra is a fourteen-year-old web developer from Jammu and Kashmir. He developed and published his first website at the age of seven and holds the record for the World’s Youngest Webmaster. Furthermore, his book ‘When the Time Stops’ made him hold the record for the record of ‘World’s Youngest Theoretical Author.’ Recently, responding to the Covid pandemic, he received his EV grant for the web applications named –‘COVID Care Jammu’ and ‘COVID Global Care’, which connects doctors with users and helps users do a free anonymous Covid Risk Assessment test.  Onkar built his website keeping in mind slow internet speed and limited access. He has plans for many future projects, including working on a bio shield for 5G radiation technology.

Nilay Kulkarni

Nilay Kulkarni is a 20-year old software developer and he previously worked on a project to prevent human stampedes at the world’s largest gathering – the Kumbh Mela. His project’s implementation at the 2015 edition of the event in Nashik, with over 30 million attendees, led to the first stampede-free Kumbh Mela in the city’s history. Nilay has also spoken at TEDx New York about the project. He has worked on assistive technology for people with ALS enabling them to control phones using their tongues. He received his EV grant for the tech development of the MahaKavach App, the official quarantine monitoring and contact tracing platform adopted by the state government of Maharashtra. So far, the platform has helped reduce the time needed for contact-tracing from 3-4 days to 25-30 minutes, and he is now working on open-sourcing the platform for greater impact.

Data Development Lab

Drs. Paul Novosad and Sam Asher are previous EV grantees for creating the SHRUG database at Data Development Lab. The SHRUG is an ultra-clean geocoded database describing hundreds of dimensions of socioeconomic status across 8,000 towns and 500,000 villages in India. Everything in the SHRUG is carefully linked, extensively vetted and documented, and ready for immediate application. In addition to continually expanding the SHRUG, they recently received another EV grant for a second platform oriented toward informing the COVID-19 response in India. This platform has a wealth of linked pandemic-related data (e.g. hospital capacity, health system use, agricultural prices) not available anywhere else and is directly feeding several COVID response research and policy teams.

Deepak VS

Deepak VS is a 23-year-old Mechatronics Engineer from Bangalore, India and he has worked on traffic and communications projects. He also founded a college club called 42 Labs that eventually grew into a startup company called Tilt, a shared mobility platform designed for Indian campuses but now in corporate parks, colleges, townships, and cities across India. Working primarily with electric bikes, Tilt is partnering with companies to help provide alternate mobility solutions to people who typically use crowded and unsafe public transport.

Amit Varma and Vivek Kaul

Amit Varma is one of the most influential podcasters in India, and the winner of the Bastiat Prize in Journalism for his writing. He is the host of the iconic longform interview podcast The Seen and the Unseen, my chat with him on Stubborn Attachments is here and Alex’s appearances on the show here and here. Vivek Kaul is a prominent journalist and writer covering finance and economics. His most recent book, “Bad Money: Inside the NPA Mess and How It Threatens the Indian Banking System” was released earlier this month.

Amit and Vivek received their Emergent Ventures grant for their new podcast “Econ Central.” You can find Econ Central episodes here.

Raman Bahl

Raman Bahl is a 2012 Teach For India Fellow. He has worked over the last decade in different capacities to teach students, train teachers, create curricula, and create systems of teaching and learning in the Indian education system. In the light of the pandemic, rural communities in India are not getting access to quality learning at home. In particular, students from poorer and marginalized groups cannot access to remote/online education launched by local schools because they lack internet access, televisions, and/or learning materials. Raman received his EV grant for creating a Voice-based Academic System for students in rural communities, to enable access to learning at home, through mobile phones. He is launching the system in Purkhas Rathi in Haryana and hopes to scale the system to more villages and states.

PickMyWork

Vidyarthi Baddireddy, Utsav Bhattacharya and Kajal Malik are Indian entrepreneurs focused on the employability of graduating students in India. In 2017 they founded Reculta to digitize campus placements. In 2019, they launched PickMyWork, a platform for onboarding gig workers and getting them to complete tasks for client organizations through a pay-per-task model. In light of the manpower crisis during the Covid pandemic, especially on the frontlines, they want to enable matching of volunteers to emergency situations. They received their EV grant for adapting PickMyWork as a local volunteer response system to emergency situations like Covid by using the platform to source, train and deploy volunteers across various projects and locations.

Harsh Patel and Hiten Patel

Harsh Patel is an undergraduate student in electronics and communication engineering; his interests are in components, coding, and robotics. Hiten Patel is an electrical engineer interested in robotics, coding, and designing. They received their EV grant to develop robot prototypes that they call ‘E-Bot: Arogya Sahayak’ to potentially support hospitals, hotels, airports, workplaces, etc., to assist with basic tasks while maintaining social distancing.

Vinay Débrou

Vinay Débrou studied computer science and is a self-taught data scientist interested in psychology, data science, and new applications of network science for collaboration-generating contexts. He has also built resources for aspiring location-independent free-agents including a curated resources library and a weekly newsletter. Vinay received his Emergent Ventures grant to accelerate his ongoing project to build a network visualization/mapping tool (v0.1 here) to catalyze cross-disciplinary expertise-sharing and collaboration in Yak Collective – an open, networked community of 300+ (and growing) independent creators, consultants, and researchers.

Those unfamiliar with Emergent Ventures can learn more here and here. EV India announcement here. To apply for EV India, use the EV application click the “Apply Now” button and select India from the “My Project Will Affect” drop-down menu.

If you are interested in supporting the India tranche of Emergent Ventures, please write to me or to Shruti at [email protected]. I believe we are seeing a blossoming of talent from India comparable to that from Central Europe in the early part of the 20th century.

A highly speculative version of the immunological dark matter hypothesis

The COVID-19 pandemic is thought to began in Wuhan, China in December 2019. Mobility analysis identified East-Asia and Oceania countries to be highly-exposed to COVID-19 spread, consistent with the earliest spread occurring in these regions. However, here we show that while a strong positive correlation between case-numbers and exposure level could be seen early-on as expected, at later times the infection-level is found to be negatively correlated with exposure-level. Moreover, the infection level is positively correlated with the population size, which is puzzling since it has not reached the level necessary for population-size to affect infection-level through herd immunity. These issues are resolved if a low-virulence Corona-strain (LVS) began spreading earlier in China outside of Wuhan, and later globally, providing immunity from the later appearing high-virulence strain (HVS). Following its spread into Wuhan, cumulative mutations gave rise to the emergence of an HVS, known as SARS-CoV-2, starting the COVID-19 pandemic. We model the co-infection by an LVS and an HVS and show that it can explain the evolution of the COVID-19 pandemic and the non-trivial dependence on the exposure level to China and the population-size in each country. We find that the LVS began its spread a few months before the onset of the HVS and that its spread doubling-time is \sim1.59\pm0.17 times slower than the HVS. Although more slowly spreading, its earlier onset allowed the LVS to spread globally before the emergence of the HVS. In particular, in countries exposed earlier to the LVS and/or having smaller population-size, the LVS could achieve herd-immunity earlier, and quench the later-spread HVS at earlier stages. We find our two-parameter (the spread-rate and the initial onset time of the LVS) can accurately explain the current infection levels (R^2=0.74); p-value (p) of 5.2×10^-13). Furthermore, countries exposed early should have already achieved herd-immunity. We predict that in those countries cumulative infection levels could rise by no more than 2-3 times the current level through local-outbreaks, even in the absence of any containment measures. We suggest several tests and predictions to further verify the double-strain co-infection model and discuss the implications of identifying the LVS.

That is a new paper from Hagai and Ruth Perets, another link here, via Yaakov.

Pooled Testing is Super-Beneficial

Tyler and I have been pushing pooled testing for months. The primary benefit of pooled testing is obvious. If 1% are infected and we test 100 people individually we need 100 tests. If we split the group into five pools of twenty then if we’re lucky, we only need five tests. Of course, chances are that there will be some positives in at least one group and taking this into account we will require 23.2 tests on average (5 + (1 – (1 – .01)^20)*20*5). Thus, pooled testing reduces the number of needed tests by a factor of 4. Or to put it the other way, under these assumptions, pooled testing increases our effective test capacity by a factor of 4. That’s a big gain and well understood.

An important new paper from Augenblick, Kolstad, Obermeyer and Wang shows that the benefits of pooled testing go well beyond this primary benefit. Pooled testing works best when the prevalence rate is low. If 10% are infected, for example, then it’s quite likely that all five pools will have at least one positive test and thus you will still need nearly 100 tests (92.8 expected). But the reverse is also true. The lower the prevalence rate the fewer tests are needed. But this means that pooled testing is highly complementary to frequent testing. If you test frequently then the prevalence rate must be low because the people who tested negative yesterday are very likely to test negative today. Thus from the logic given above, the expected number of tests falls as you tests more frequently (per test-cohort).

Suppose instead that people are tested ten times as frequently. Testing individually at this frequency requires ten times the number of tests, for 1000 total tests. It is therefore natural think that group testing also requires ten times the number of tests, for more than 200 total tests. However, this estimation ignores the fact that testing ten times as frequently reduces the probability of infection at the point of each test (conditional on not being positive at previous test) from 1% to only around .1%. This drop in prevalence reduces the number of expected tests – given groups of 20 – to 6.9 at each of the ten testing points, such that the total number is only 69. That is, testing people 10 times as frequently only requires slightly more than three times the number of tests. Or, put in a different way, there is a “quantity discount” of around 65% by increasing frequency.

Peter Frazier, Yujia Zhang and Massey Cashore also point out that you could also do an array-protocol in which each person is tested twice but in two different groups–this doubles the number of initial tests but limits the number of false-positives (both tests must be positive) and the number of needed retests. (See figure.).

Moreover, we haven’t yet taken into account the point of testing which is to reduce the prevalence rate. If we test frequently we can reduce the prevalence rate by quickly isolating the infected population and by reducing the prevalence rate we reduce the number of needed tests. Indeed, under some parameters it’s possible to increase the frequency of testing and at the same time reduce the total number of tests!

We can do better yet if we group individuals whose risks are likely to be correlated. Consider an office building with five floors and 100 employees, 20 per floor. If the prevalence rate is 1% and we test people at random then we will need 23.2 tests on average, as before. But suppose that the virus is more likely to transmit to people who work on the same floor and now suppose that we pool each floor. Holding the total prevalence rate constant, we are now likely to have a zero prevalence rate on four floors and a 5% prevalence rate on one floor. We don’t know which floor but it doesn’t matter–the expected number of tests required now falls to 17.8.

The authors suggest using machine learning techniques to uncover correlations which is a good idea but much can be done simply by pooling families, co-workers, and so forth.

The government has failed miserably at controlling the pandemic. Tens of thousands of people have died who would have lived under a more competent government. The FDA only recently said they might allow pooled testing, if people ask nicely. Unbelievably, after telling us we don’t need masks (supposedly a noble lie to help limit shortages), the CDC is still disparaging testing of asymptomatic people (another noble lie?) which is absolutely disastrous. Paul Romer is correct, testing capacity won’t increase until we put soft drink money behind advance market commitments and start using techniques such as pooled testing. Fortunately or sadly, depending on how you look at it, it’s not too late to do better. Some universities are now proposing rapid, frequent testing using pooling. Harvard will test every three days. Cornell will test frequently. Delaware State will test weekly. Lets hope the idea spreads from the ivory tower.

Operation Warp Speed Needs to Go to Warp 10

Operation Warp Speed is following the right plan by paying for vaccine capacity to be built even before clinical trials are completed. OWS, however, should be bigger and should have more diverse vaccine candidates. OWS has spent well under $5 billion. At current rates, the US economy is losing about $40 billion a week. Thus, if $20 billion could advance a vaccine by just one week that would be a good deal. As I said in the LA Times, “It might seem expensive to invest in capacity for a vaccine that is never approved, but it’s even more expensive to delay a vaccine that could end the pandemic.”

I am also concerned that OWS is narrowing down the list of candidates too early:

NYTimes: Moderna, Johnson & Johnson and the Oxford-AstraZeneca group have already received a total of $2.2 billion in federal funding to support their vaccine programs. Their selection as finalists, along with Merck and Pfizer, will give all five companies access to additional government money, help in running clinical trials and financial and logistical support for a manufacturing base that is being built even before it is clear which if any of the vaccines in development will work.

These are all good programs and one of them will probably be successful but we also want to support some long-shots because a small probability of a very big gain is still a big gain.

The five candidates also all use new technologies and are less diverse than I would prefer. There are a lot of different vaccine platforms, Live-Attenuated, Deactivated, Protein Subunit, Viral Vector, DNA and mRNA among others. The Accelerating Health Technologies team that I am a part of collected data on over 100 vaccine candidates and their characteristics. We then created a model to compute an optimal portfolio. We estimated that it’s necessary to have 15-20 candidates in the portfolio to get to a 80-90% chance of at least one success and that you want diverse candidates because the second candidate from the same platform probably fails if the first candidate from that platform fails. Moderna and Pfrizer are both mRNA vaccines–a platform that has never been used before–while AstraZeneca, Johnson and Johnson and Merck are using somewhat different viral vector platforms (Adenovirus for AstraZeneca and J & J and measles for Merck) which is also a relatively novel approach. I think it would be better if there were some tried and true platforms such as a Deactivated or Protein Subunit vaccine in the mix. As Larry Summers said, “if you will die of starvation if you don’t get a pizza in two hours, order 5 pizzas”. I would change that to order 10 pizzas and order from different companies!

One way to diversify the portfolio is to make deals with other countries to avoid the prisoner’s dilemma of vaccine portfolios. The prisoner’s dilemma is that each country has an incentive to invest in the vaccine most likely to succeed but if every country does this the world has put all its eggs in one basket. To avoid that, you need some global coordination. One country invests in Vaccine A, the other invests in Vaccine B and they agree to share capacity regardless of which vaccine works.

So my critique is that OWS is good policy but it would be even better if more vaccine candidates and more diverse vaccine candidates were part of the program. In contrast, the critiques being offered in Congress are ridiculous and dangerous.

Democrats in Congress are already seeking details about the contracts with the companies, many of which are still wrapped in secrecy. They are asking how much Americans will have to pay to be vaccinated and whether the firms, or American taxpayers, will retain the profits and intellectual property.

How much will Americans have to pay to be vaccinated??? A lot less than they are paying for not being vaccinated! The worry about profits is entirely backwards. The problem is that the profits of vaccine manufacturers are far too small to give them the correct social incentives not that the profits are too large. The stupidity of this is aggravating.

Skepticism about Trump administration policies is understandable but I am concerned that one of the best things the Trump administration is doing to combat the virus will be impeded and undermined by politics.

My excellent Conversation with Ashley Mears

Tired of lockdown, pandemic, and rioting?  Here is a podcast on some of their polar opposites, conducted by “a bridge and tunnel guy” with an accomplished sociologist.  Here is the audio and transcript, here is the summary:

Ashley Mears is a former fashion model turned academic sociologist, and her book Very Important People: Status and Beauty in the Global Party Circuit is one of Tyler’s favorites of the year. The book, the result of eighteen months of field research, describes how young women exchange “bodily capital” for free drinks and access to glamorous events, boosting the status of the big-spending men they accompany.

Ashley joined Tyler to discuss her book and experience as a model, including the economics of bottle service, which kinds of men seek the club experience (and which can’t get in), why Tyler is right to be suspicious of restaurants filled with beautiful women, why club music is so loud, the surprising reason party girls don’t want to be paid, what it’s like to be scouted, why fashion models don’t smile, the truths contained in Zoolander, how her own beauty and glamour have influenced her academic career, how Barbara Ehrenreich inspired her work, her unique tip for staying focused while writing, and more.

Here is one excerpt especially dear to my heart:

COWEN: Let’s say I had a rule not to eat food in restaurants that were full of beautiful women, thinking that the food will be worse. Is that a good rule or a bad rule?

MEARS: I know this rule, because I was reading that when you published that book. It was when I was doing the field work in 2012, 2013. And I remember reading it and laughing, because you were saying avoid trendy restaurants with beautiful women. And I was like, “Yeah, I’m one of those people that’s actually ruining the food but creating value in these other forms because being a part of this scene and producing status.” So yeah, I think that’s absolutely correct.

And:

COWEN: I have so many naive, uninformed questions, but why is the music so loud in these clubs? Who benefits from that?

MEARS: Who benefits?

COWEN: I find the music too loud in McDonald’s, right?

MEARS: Clubs are also in this business of trying to manufacture and experience what Emile Durkheim would call this collective effervescence, like losing yourself in the moment. And that’s really possible when you’re able to tune out the other things, like if somebody is feeling insecure about the way they dance or if somebody is not sure of what to say.

Having really loud music that has a beat where everybody just does the same thing, which is nod to the beat — that helps to tune people into one another, and it helps build up a vibe and a kind of energy, so the point is to lose yourself in the music in these spaces.

And:

COWEN: Let’s say you sat down with one of these 20-year-old young women, and you taught them everything you know from your studies, what you know about bodily capital, sociological theories of exploitation. You could throw at them whatever you wanted. They would read the book. They would listen to your video, talk with you. Would that change their behavior any?

MEARS: I don’t think so. No, I don’t think so. They might not be too surprised even to learn that this is a job for promoters, and the promoters make money doing this. Most of them know that. They didn’t know how much money promoters are making. They don’t know how much money the clubs are making, but they know that they’re contributing to those profits, and they know that there’s this inequality built into it.

…in this world, there’s a widespread assumption that everybody uses everybody else. The women are using the club for the pleasures that they can get from it. They’re using the promoter for the pleasures they can get from him, the access. The promoters are using the young women. The clients are using the promoters.

The drawing line is when there’s a perception of abuse. People have a clear sense that lying about being exclusively romantic would be a clear violation, so that would be abusive. But use is okay. Mutual exploitation is okay.

Definitely recommended, a unique and fascinating episode.  And again, I strongly recommend Ashley’s new book Very Important People: Status and Beauty in the Global Party Circuit, one of my favorite books of the year.

Friday assorted links

1. Sam Altman on idea generation.

2. Nuclear markets in everything: bid on plant reactor control and monitoring system.

3. Often immigrant restaurants are better prepared for the pandemic.

4. Why do humans help others, and how do financial markets affect the sociality of behavior?  Quite interesting, not just the usual b.s.  VTEKL.

5. Why men are pointing loaded guns at their dicks.

6. Why our regulatory state is still failing us.

7. Language Models are Few-Shot Learners.

8. What does it mean to decertify Hong Kong autonomy?

Are faculty myopic?

Facing devastating financial losses related to the coronavirus pandemic, colleges and universities are cutting costs just about everywhere they can. Increasingly, that includes faculty and staff retirement benefits.

Duke, Georgetown, Northwestern and Texas Christian Universities are some of the institutions to announce cuts to retirement contributions in recent days. Some of these decisions have been more severe and more controversial than others…

Georgetown president John J. DeGioia also announced that the university will suspend all contributions to its employee retirement plan for the coming year, starting next month.

Does this mean they think their faculty are myopic, and also liquidity-constrained low savers?  Are the faculty myopic?  Especially if faculty are myopic, isn’t this worse for faculty welfare than just cutting nominal wages a bit?  What would Cass Sunstein say?  How should we model this response in terms of an underlying dynamic for admin.-faculty relations?  If this “works,” what will the next move of admin. be, with or without coronavirus in the world?

What might this possible myopia imply about the associated defects of faculty research and teaching?

I thank Bryan for an underlying conversation relevant to this post.  Here is the full article.

The new economics of chess

I just finished watching one of Chess24.com’s Magnus Carlsen-affiliated rapid on-line chess tournaments, when today (a day later?) I see that another tournament has started.  And with Magnus himself playing, as well as other world-class players.  Note that Magnus both plays in these tournaments as the #1 attraction, and he owns an equity share in them, albeit with other investors.

So I’ve been trying to model the production of chess services in my mind.

I start with the point that viewers care much more about live, fresh games than games from a week ago.  Many sports of course operate on this same basis.

The second point is that most chess players have a relatively low opportunity cost of time, Rogoff and Kasparov excepted, plus some chess players can substitute into poker for profit (and may have quit chess already).  In fact what they do in their spare time is to…play chess!  Often with each other, and often on-line.  So if you offer to pay them some amount for doing basically the same, they will sign up.  Especially during a pandemic when many of them are trapped under relatively severe quarantines.

It is also the case that a chess player can play many days in the year, perhaps not every day, but you really can play a lot without tearing your rotator cuff.

It then seems the equilibrium is a much higher supply of chess tournaments, especially since on-line play removes some of the previous barriers to entry, such as needing a venue and some physical infrastructure.

You might even end up with a kind of Malthusian equilibrium, where the supply keeps on expanding to meet a fairly low marginal cost.

But this is a “superstars” kind of competition, and so the returns will go to the scarce factor.  That scarce factor is Carlsen himself, who garners far more attention than any other player.  And as noted he is an equity holder in this venture and as a player he has been winning the #1 prize money.  Over time, you might expect the returns of some of the other players — maybe in the top ten but not so famous or glamorous — to approach the Malthusian level.  Perhaps much of the public doesn’t care if Magnus plays #9 or #16, who in any case are only a small number of rating points apart.

Notice how well Magnus Carlsen understands reputation and internet production.  He keeps on posting “Banter Blitz” videos on YouTube, which show him playing speed chess on-line and commenting on the games as they proceed.  He dramatically expanded the supply of chess tournaments, which he earns income from.  He already was “the scarce factor,” and he has dramatically expanded the supply of attention aimed his way.  He understands that successful internet production is frequent production.

On-line chess viewing is way up (NYT) with the pandemic, and also because of these efforts.

Do not underestimate Magnus Carlsen.  He has been #1 in classical chess, rapid, and blitz, all at the same time.  He is a huge YouTube star in chess.  He has won a tournament about chess trivia, and he has been #1 in fantasy football for the whole world (not an easy feat).

And now he is bringing an economic revolution to chess, with himself as the #1 labor and equity earner at the same time.