Luis Garicano 🇪🇺🇺🇦 @lugaricano@respublicae.eu
Unofficial automated mirror. No copyright asserted. ∎ Economist. Back at LSE as a Professor at @LSEPublicPolicy Summer 2023. Non-resident Fellow @bruegel_org. Recovering MEP. Currently @ChicagoBooth.
Joined Apr 2022
Borges hablando en un inglés exquisito sobre las virtudes del inglés como lenguaje. Es un bellísimo minuto.
RT @bfcarlson: In 1977, Jorge Luis Borges, one of the most influential 20th c. Spanish-language writers, told William F. Buckley (whose first language was Spanish) his reasons for feeling, age 78, that English was 'far finer' than his native tongue. Right or wrong, I love his savor for language
🐦🔗: https://n.respublicae.eu/lugaricano/status/1645536026516160513
Carpe Diem.
RT @paulg: The survival curve inflates like a sail, but the far end of it doesn't move much.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1645150590920523776
RT @paulg: The survival curve inflates like a sail, but the far end of it doesn't move much.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1645150383675719683
RT @RobinWigg: Are ESG ratings a racket? https://on.ft.com/3KEkuMf
🐦🔗: https://n.respublicae.eu/lugaricano/status/1644866476174614528
RT @Kasparov63: Rules? Musk is happy to let dictatorships where Twitter is banned promote genocide on his platform, calling it free speech. Unless they do it from a Substack, perhaps.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1644812285808898057
RT @alexandrosM: STOP THE PRESS (like, literally)
A simple demonstration of how GPT can change the news, forever.
Prompt: "What can be changed in the article below to make it more informative, truth-focused, and neutral?"
Left: original text
Right: rewritten text
Read🧵 🔽 for more thoughts.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1643975673541984257
Well done, Vice- Chancellor Habeck.
RT @Telegraph: 🇩🇪 Germany’s “deeply ashamed” vice-chancellor has told Volodymyr Zelensky he is sorry that Berlin took so long to send weapons to Ukraine.
Read more here ⬇️
https://www.telegraph.co.uk/world-news/2023/04/04/germany-ashamed-berlin-took-long-send-ukraine-weapons/
🐦🔗: https://n.respublicae.eu/lugaricano/status/1643467011865948161
RT @whyvert: New paper: before the Counter-Reformation, Catholic and Protestant cities had comparable numbers of scientists per capita.
Afterwards, Catholic cities experienced a persistent relative decline.
Counter-Reformation's search for heresy was a negative shock to science.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1643446235733401601
India: Establishments with high demand for AI skills show negative effects on postings and wages for:
-High skill, professional occupations
-Non routine work
-Analytical/communication tasks.
By @alexlcopestake, Marczinek, @ashley_pople,
@KathAStapleton
https://steg.cepr.org/publications/ai-and-services-led-growth-evidence-indian-job-adverts
🐦🔗: https://n.respublicae.eu/lugaricano/status/1643416189975277569
RT @R_Thaler: Interesting thread and blog post. Theme: mobile apps make deposits less sticky. Untraditional but helpful take on “transaction costs”. Need to include clicks, time, and other forms of sludge.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1643348828131823617
Where is the money going?
Figure 2 reproduces Figure 1 but now split into four groups: Digital and non-digital and banks with brokerage fees versus those that don’t report these fees.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1643340854860587008
More than half of the banks have introduced a mobile app. Figure 1 shows shows the quarterly average growth in core deposits, computed separately for digital and non-digital banks. Digital banks start experiencing deposit outflows in the third quarter of 2022.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1643340849814847490
Bank regulators assume that deposits are sticky, meaning they don’t move around much. But digital banking is changing that. New research, described in a blog (link below) by Koont, Santos, Zingales shows how mobile apps make deposits less stable.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1643340847298281473
In the middle of this crazy AI debate about the end of times (why are we humans always so eager to believe doom narratives?), let's not forget that technology saves many lives and improves our lives every day.
RT @ValaAfshar: The beautiful moments when people hear sounds for the first time in their life
🐦🔗: https://n.respublicae.eu/lugaricano/status/1643279887116144641
Fascinating. This paper (Hugging GPT) proposes using the LLM as traffic cop and delegating to existing specialized AI models the specific tasks (image recognition). Seems to massively increase the power of LLMs.
This pic is one of the simpler examples.
https://arxiv.org/abs/2303.17580&ved=2ahUKEwj2u4Po6Iz-AhWCmIkEHUWSDwIQFnoECBcQAQ&usg=AOvVaw1AdHcwEg-YVtjS9gri6Lfl
🐦🔗: https://n.respublicae.eu/lugaricano/status/1642738354713243649
This paper by top AI researcher @sleepinyourhat on what is surprising about the new AI Large Language Models is an absolute must-read.
A lot of what is happening was not on anyone's radar. What will happen next is hard to predict. https://cims.nyu.edu/~sbowman/eightthings.pdf
H/t @emollick
🐦🔗: https://n.respublicae.eu/lugaricano/status/1642656091556261889
Even worse for little boys. For men it is not "one in 25 American 5-year olds will not make it to 40," but "one in 18 5-year olds will not make it to 40."
RT @VictimOfMaths: This horrifying graph from @jburnmurdoch made me wonder a) How much worse the picture was for young men and b) how Scotland compared.
The answers are a) yikes and b) not great, but not *as* horrendous.
Also, what's going on in Canada?
🐦🔗: https://n.respublicae.eu/lugaricano/status/1642550313876959233
Dear @ylecun , does this count as "symbolic reasoning, the capacity to manipulate symbols in the ways familiar from algebra or logic."
RT @vectornomist: @PaulaAureo This is impressive by any standard. this is v.4.0
🐦🔗: https://n.respublicae.eu/lugaricano/status/1642268767064317952
.@paulkrugman wrote today that, based on history, he did not expect AI impact to happen quickly.
But the deployment of this technology is happening at an unprecedented speed. Look at this @Accenture/@scale_AI partnership to implement these models throughout the economy.
RT @alexandr_wang: Excited to announce the @scale_AI partnership with @Accenture to deploy Generative AI across the enterprise.
Beginning of many things to come!
https://scale.com/blog/scale-and-accenture
🐦🔗: https://n.respublicae.eu/lugaricano/status/1641945056868200449
RT @omarsar0: BloombergGPT is a new LLM for finance.
It's a 50 billion parameter language model trained on financial data.
Claims the largest domain-specific dataset yet with 363 billion tokens... further augmented with 345 billion tokens from general purpose https://t.co/OOSjSCRIEg…
🐦🔗: https://n.respublicae.eu/lugaricano/status/1641923982613004295
Unofficial automated mirror. No copyright asserted. ∎ Economist. Back at LSE as a Professor at @LSEPublicPolicy Summer 2023. Non-resident Fellow @bruegel_org. Recovering MEP. Currently @ChicagoBooth.
Joined Apr 2022
