Posted inMoney, Politics, and Power

Cognitive Democracy

Over the last couple of years, Cosma Shalizi and I have been working together on various things, including, inter alia, the relationship between complex systems, democracy and the Internet. These are big unwieldy topics, and trying to think about them systematically is hard. Even so, we’ve gotten to the point where we at least feel […]

Posted inMoney, Politics, and Power

Greece, brinkmanship and the euro, again

A few months ago, Jacob Kirkegaard was congratulating the EU’s northern member states for having discovered how awesome brinkmanship was as a mode of bargaining over Greek policy reforms. As I noted then, brinkmanship, contra Kirkegaard, is a terrible way of making policy. It only works to the extent that the threat of catastrophe for […]

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It Came from the Shlaespile!

Amity Shlaes has some … interesting … views on the US and the euro crisis Start with the nightmare the U.S. fears replicating: Europe. That financial disaster wasn’t just a crisis about pension obligations. It was a crisis of trust. First, markets and individuals trusted European governments when they said their budgets balanced over the […]

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More on genes and political preferences

Continuing Erik’s series on this, here’s a new article by Daniel Benjamin et al. from the Proceedings of the National Academy of Science. We study four fundamental economic preferences—risk aversion, patience, trust, and fair-mindedness—and five dimensions of political preferences, derived from a factor analysis of a comprehensive battery of attitudinal items. The five attitudinal dimensions […]

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An unexpected critique of the Coase Theorem

The Coase Theorem is of course famous and influential in both economics and political science. This critique, which suggests that it exemplifies the problems of economics, is rather less famous, despite its interesting source: I think the success of the Coase Theorem — because it’s discussed all over the place — is an interesting illustration […]

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It’s tough to make predictions …

Daniel Gayo-Avello has strong feelings about the unpromising record of efforts to predict election results using Twitter data. “No, you cannot predict elections with Twitter” And shows that, despite various claims by academics in computer science, no-one seems to have actually tried. I don’t know whether the spelling mistake in this sentence – “In all […]

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