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Home of the Justified Posteriors podcast + essays on economics from Andrey Fradkin and Seth Benzell.

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Latest Issues

Improving our posteriors

The coming years will be filled with even more discourse and research about the economics of AI. As Seth likes to say: when writing research papers becomes cheaper, the returns to reading and synthesizing that research go up. We want to be...

10 days ago
3

Avi Goldfarb on Prediction Machines, O-Ring Tasks, and How AI is Reshaping Economics

This week, we’re joined by Avi Goldfarb, one of the leading economists of artificial intelligence and co-author of Prediction Machines. Avi has been thinking seriously about AI economics long before the ChatGPT shock, so we asked him what h...

15 days ago
5

Agent, Know Thyself! (and bid accordingly)

Written with Rohit Krishnan, who is a pioneer in studying LLM behavior and writes at Strange Loop Canon.

Attention conservation notice: We developed a new benchmark, MarketBench, and scaffold. Based on our findings, we argue that self-...

22 days ago
4
3

The classic model that shows why AI exposure could increase wages

This week, instead of reviewing a recent paper on AI, we go back to a 1993 classic: Michael Kremer’s “The O-Ring Theory of Economic Development.” It’s one of those papers that feels larger than its formal model. The setup is extremely simpl...

a month ago
1

The Most Important Philosophical Treatise of the 21st Century?

This week, instead of reviewing an economics paper, we reviewed a work of philosophy—perhaps the most important one of this young millennium so far. Anthropic published its new constitution for Claude in January 2026, and we read the whole...

a month ago
6

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Authors

The writers behind this newsletter.

  • Andrey Fradkin

    Professor writing about AI, digital technology, marketing, economics, and academia. Also, some personal introspection along the way.

  • Seth Benzell

    Co-Host of Justified Posteriors Podcast https://empiricrafting.substack.com/podcast

  • Rohit Krishnan
  • Alex Imas

    Professor at UChicago Booth. Doing research on Economics and Applied AI.

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