Econ Blog

your daily dose of economic commentary

Can Large Language Models Reason?

5581. Can Large Language Models Reason?

Melanie Mitchell explores the debate over whether large language models possess true reasoning abilities or rely on memorization and pattern-matching instead.

Decomposition: Low-Hanging Econometric Fruit for the Business World

5582. Decomposition: Low-Hanging Econometric Fruit for the Business World

Nick HK discusses the utility of KOB decomposition in econometrics, emphasizing its practical application for business analysis and decision-making.

A New Solution for Taxing Cryptocurrency Staking

5583. A New Solution for Taxing Cryptocurrency Staking

An argument that proposes a tax framework for cryptocurrency staking, treating staked tokens as intangible assets eligible for income tax and deductions similar to other service providers.

5584. A New Solution for Taxing Cryptocurrency Staking

A solution is proposed for taxing income from cryptocurrency staking, suggesting stakers should be treated like service providers and receive tax deductions for expenses and depreciation.

Model, Model, Who’s Got the Model?

5585. Model, Model, Who’s Got the Model?

Nick HK discusses the importance of causal inference in data analysis, emphasizing that formal causal modeling is not always necessary to understand causal relationships.

Setting up Github Copilot and VSCode

5586. Setting up Github Copilot and VSCode

Paul Goldsmith-Pinkham discusses setting up GitHub Copilot and VSCode, highlighting features, installation steps, and personal experiences with coding in various languages.

Confounding Twins

5587. Confounding Twins

Nick HK discusses causal inference challenges and proposes a method to address confounding variables using twin variables in statistical analysis.

Did GPT-4 Hire And Then Lie To a Task Rabbit Worker to Solve a CAPTCHA?

5588. Did GPT-4 Hire And Then Lie To a Task Rabbit Worker to Solve a CAPTCHA?

Melanie Mitchell discusses how GPT-4's reported ability to hire a TaskRabbit worker to solve a CAPTCHA was misrepresented, highlighting its limited capabilities and the role of human prompters.

Regression Standard Errors, Translated Into English

5589. Regression Standard Errors, Translated Into English

Nick HK explains the concept of standard errors in regression analysis, clarifying their significance and how they reflect the variability of regression coefficients across different samples.

On Evaluating Understanding and Generalization in the ARC Domain

5590. On Evaluating Understanding and Generalization in the ARC Domain

Melanie Mitchell discusses the evaluation of understanding and generalization in machines using the Abstraction and Reasoning Corpus, highlighting challenges and a new benchmark called ConceptARC.

Weekly Collection of Interesting Things (5/1/2023)

5591. Weekly Collection of Interesting Things (5/1/2023)

The author shares a collection of links and resources related to econometrics, finance, and AI, highlighting various academic materials and seminars.

Running LLM AIs on Your Own: Next Steps for the Mildly Interested Passerby

5592. Running LLM AIs on Your Own: Next Steps for the Mildly Interested Passerby

Nick HK discusses how to use large language models programmatically, providing guidance for beginners interested in exploring their capabilities beyond casual use.

Weekly Collection of Interesting Things (4/24/2023)

5593. Weekly Collection of Interesting Things (4/24/2023)

Paul Goldsmith-Pinkham shares a collection of interesting links, resources, and papers related to economics and data visualization techniques.

Do half of AI researchers believe that there's a 10% chance AI will kill us all?

5594. Do half of AI researchers believe that there's a 10% chance AI will kill us all?

Melanie Mitchell examines the validity of claims regarding AI researchers' beliefs about the risk of AI causing human extinction, highlighting survey methodology issues.

Controls in Difference-in-Differences Don't Just Work

5595. Controls in Difference-in-Differences Don't Just Work

Nick HK discusses the complexities and misconceptions surrounding the use of covariates in difference-in-differences research designs, emphasizing that they require careful application.

Weekly Collection of Interesting Things (4/16/23)

5596. Weekly Collection of Interesting Things (4/16/23)

Paul Goldsmith-Pinkham shares resources and papers related to data analysis, algorithmic fairness, and experimental design in economics and machine learning.

Corporate Political Responsibility in a Captured Economy

5597. Corporate Political Responsibility in a Captured Economy

An argument that corporate political responsibility is crucial in a captured economy where businesses influence political rules to maximize profits, undermining free market principles.

Standard Causal Inference Research Designs and Animated Plots

5598. Standard Causal Inference Research Designs and Animated Plots

Nick HK discusses various econometric methods for causal inference and illustrates their effects using animated plots to enhance understanding.

Common R Errors

5599. Common R Errors

Nick HK discusses common errors encountered while using R programming, providing troubleshooting tips and solutions for beginners and educators in data visualization.

5600. Weekly Collection of Interesting Things

Paul Goldsmith-Pinkham shares a collection of interesting links and papers related to economics and finance, highlighting recent developments and research in the field.