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Homo Economicus

Nicholas Decker
Hundreds of paid subscribers

I write about cutting edge research in economics.

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PricingFreemiumPublishesTwice weekly
Issues382Founded5 years agoLast Issue41 hours ago
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Latest Issues

Am I In Hell?

Recently, Scott Alexander placed me in hell. This was not a very nice thing to do. As a human, I disagree with it strongly, and ask that Mr. Alexander remove me forthwith. Until he does so, I wish to dispute his conclusions. My unfortunate...

41 hours ago
85
25

The Village as Sink of Localism and Den of Ignorance

There is a mystery we must explain. Wages in rural villages seem to be both too high, and too low.

Consider a study like Breza, Kaur, and Shamdasani (2021). They induce labor demand shocks in rural villages in Odisha, hiring a quarter of t...

4 days ago
42
3

What Do Cost Benefit Tests Measure?

The marginal value of public funds (MVPF) is a standard benchmark for evaluating a public intervention. In the numerator is what the individual would be willing to pay for the service; in the denominator is the cost to the government, minus...

8 days ago
27
4

Inefficient Labor Saving Automation

Under not implausible assumptions about the production process, firms will be biased toward saving inputs over expanding output. Consider the following. A firm faces a downward sloping demand curve for their specific product. They produce u...

9 days ago
34
2

Can Export Restrictions Make AI Go Faster?

It is generally agreed that Chinese AI companies are much more focused on per-chip efficiency than American companies are. Models like Kimi K3 and Deepseek V4 achieve the results they do using much less compute than their American competito...

13 days ago
19
2

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