It was a pleasure to visit the European Commission's Directorate-General for Competition and present our work (joint with @sarafish.bsky.social and @ranshorrer.bsky.social) on economic behavior of Large Language Models and algorithmic collusion in particular.
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#econsky
When admissions are correlated, diversifying your college applications is the optimal strategy. We spoke with Nageeb Ali and Ran Shorrer of Penn State about why the standard advice to apply to reach, match, and safety schools is sound. www.aeaweb.org/research/app...
And on a more serious note: @snageebali.bsky.social and i have a recent paper in @aeajournals.bsky.social that shows that application portfolios become more aggressive when beliefs are more optimistic:
rshorrer.weebly.com/uploads/2/4/...
References:
Goodman, Allen C., et al. "A Few Goodmen: Surname‐Sharing Economist Coauthors." Economic Inquiry 53.2 (2015): 1392-1395.
#econsky @ec.europa.eu @competitionandmarkets.blog.gov.uk.web.brid.gy @autoritedelaconcurrence.fr
Amazing workshop at @laws.ucl.ac.uk yesterday. Presented work w/@sarafish.bsky.social @yannaigonch.bsky.social in panel w/speakers from the European Commission, CMA, AdlC, & HCC. So gratifying to see our research making positive impact in the world. Thanks much @ilianos.bsky.social for inviting us!
Then you're not keeping up with the Eagles...
I guess everyone is done with bidding
Looking forward to this!
Looking forward to our #ASSA2025 session, Friday 10:15 in Parc 55.
I’ll be presenting this paper⤵️
An academic paper has excellent empirical evidence & hypotheses that perfectly match the patterns in the data.
One catch: AI wrote the hypotheses after seeing the results.
Should this matter?
New paper w/ Robert Novy-Marx on AI-Powered (Finance) Scholarship🧵
papers.ssrn.com/sol3/papers....
Very excited to release a major revision to our paper on algorithmic collusion by large language models.
#EconSky
I made a theory starter pack. It includes some CS/Econ, pol-econ, and behavioral types as well... Lmk if you'd like to be added (or removed!) and I'll do my best - the edit functionality is a bit wonky atm
go.bsky.app/KAGmZH4