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Posts by Nick Hagerty

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Do you have a paper on financial decision-making?
Want to present research & hike?
Does Bozeman in early August sound good?

The Financial Decision-making Conference is Aug 6-7!
Submission deadline April 20.

The call for papers is here:
fdmconference.pages.dev#cfp

3 weeks ago 22 15 1 1

I don't think people fully appreciate how apocalyptic things are for US science. I haven't had any new funding since 2024, but I'm still ok since typical grants are for three years. This means next year I will be completely out of funding and will have to fire everyone in the lab. It's not great.

3 weeks ago 5375 2389 43 79

On the table: the first-ever interstate water transfer on the Colorado River! Could be a valuable precedent for more flexible management in the future

1 month ago 2 0 0 0

A reminder to East Coast based media. Here in Bozeman winter just never came.

1 month ago 4 0 0 0

There's no such thing as a best fruit. All types of fruit run from terrible to life-affirming. All preferences across varieties vanish in the face of within-variety differences in quality.

1 month ago 2 0 0 0

I love this America so much. I am aware that I am in a constant fight, one with existential stakes but which will not be conclusively resolved, to determine whether the America that exists is the one I love or the one people like Rubio love. But it is a fight to which I am wholly committed.

2 months ago 322 54 4 3
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Should we be climate adaptation optimists? — ECHO: Environmental Change and Human Outcomes Lab | Stanford University by: Marshall B , with helpful feedback & additions from Andrew W and Chris C Yes, argues a recent working paper by Matt Burgess, Patrick Brown, Matt Kahn, and Roger Pielke Jr.  The pa...

Should we be climate adaptation optimists? A nice new paper by Matt Burgess, Matt Kahn, and colleagues argues yes. I'm not so sure. Optimism is not a plan, and we need a plan. Some thoughts: www.stanfordecholab.com/blog/should-...

2 months ago 9 4 2 3

Ah I can do this too! The secret to memorizing which type of error is Type II is just to memorize that a false negative is Type II. Problem solved!!

2 months ago 2 0 1 0

My approach is even more AI-proof! Draw the function, stop and stare at it, sheepishly comment "I can never remember whether concave means up or down," realize none of the students is going to rescue you, and just stand there awkwardly for a while

2 months ago 12 1 3 1

Looks like an attempt to redefine "abundance" as its opposite, for both the colloquial and recent political senses of the word

2 months ago 1 0 1 0
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picture of Alex Pretti

picture of Alex Pretti

Alex Pretti was an ICU nurse serving veterans. He died trying to protect protestors being assaulted. A group of anonymous & masked men fired chemicals into his face, beat him, disarmed him, and shot him in broad daylight in front of witnesses. Then his government smeared him & defended his murder.

2 months ago 4009 1610 70 48

Air pollution is incredibly bad for human health. It causes a large share of chronic disease and deaths. This is one of the strongest empirical findings in all of economics and epidemiology. The EPA saying it's "uncertain" is not based in science. It's a pretext.

3 months ago 13 3 0 0
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E.P.A. to Stop Considering Lives Saved When Setting Rules on Air Pollution

Human health benefits are by far the largest benefit from most environmental regulations.

By not monetizing these benefits moving forward, the Trump EPA is essentially saying there are no human health benefits to reducing air/toxic/climate pollution, improving drinking water quality, etc. 1/

3 months ago 10 7 2 1
3 months ago 0 0 0 0
Banner saying the same thing as the post

Banner saying the same thing as the post

Call is open! Submit your abstracts for the BIG SKY WORKSHOP on the Economics of Agriculture and the Environment

June 18-19, 2026, in Bozeman, Montana, hosted by Montana State University and PERC. Travel funding available for grad students

www.bigskyworkshop.net/abstract-sub...

3 months ago 1 0 1 0

"This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions—or whether instead monetary policy will be directed by political pressure or intimidation."

3 months ago 127 22 3 4

Fire alarm from the Fed Chair, explicitly calling out political intimidation from the president.

The Fed never, ever releases videos speaking directly to the American people like this.

Interfering with the Fed is the road to instability and inflation much worse than we've seen since Covid.

3 months ago 4 0 0 0
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To test that idea we would need careful empirical research. But there are good reasons to doubt the casual relationship is straightforward.

3 months ago 0 0 0 0

The comment and headline are incredibly misleading -- its "analysis" is a spreadsheet tabulation of R&D expenditures. It provides no support whatsoever for the claims about how research funding affects food prices.

3 months ago 1 0 1 0
Global Changes in Agricultural Production, Productivity, and Resource Use Over Six Decades | Economic Research Service From 1961 to 2000, agricultural output nearly quadrupled, mostly achieved by increases in productivity as new resources were brought into the production process, the use of inputs intensified, and the...

Land sparing's global "brutal math" is inescapable: from 1961-2020, global population grew 2.6x and agricultural output increased nearly 4x, but total ag land grew by only about 7.6% and croplands by 20-25%. www.ers.usda.gov/amber-waves/.... 8/

3 months ago 7 2 1 0

Super helpful thread, thanks. I also see a lack of counterfactual thinking here. Yes, deforestation today has various causes and is happening despite land intensification in ag. But it would very likely be even worse if we had lower crop yields!

3 months ago 4 2 0 0

My New Year's resolution is improve how I start Bluesky threads. I forget to announce what they're about. So: please check out this thread if you're either highly critical or gung-ho about the merits of the Green Revolution, "land-sparing" and maximizing yields using industrial agriculture.

3 months ago 10 3 1 0

Only if depts don't adjust standards downward. I feel like most places got more lenient with exams over the last decade but are now going to have to be strict if they want to make sure their students have learned things

3 months ago 2 0 0 0

There are mechanisms that could align incentives but they're not great. Firms could require a commitment to stay with them for a long time (creating a type of indentured servitude). New grad programs with more soft skills might sub for early jobs (creating more debt & delay in starting careers).

3 months ago 4 0 1 0

Isn't it a classic case of firms not internalizing the benefits of training? Their entry-level employees can leave and become mid-career employees somewhere else

3 months ago 62 1 4 0

Finally caring about the federal budget deficit after spending nearly my entire adult life wanting more deficit spending

Exactly what textbooks say you should do as conditions change... But sounds like I'm just getting more fiscally conservative as I age

3 months ago 2 0 0 0
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These Young Adults Make Good Money. But Life, They Say, Is Unaffordable.

Like the real reasons I suspect most people are upset, this article is supposedly about "affordability" but is actually entirely about housing

People complain about the price of eggs but eggs don't ruin your hope of a secure middle-class life. Housing does.

www.nytimes.com/2025/12/20/u...

4 months ago 2 1 0 0
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This is a terrible development.

The Administration is destroying the scientific institutions that helped make America great. It will take years to rebuild from this.

4 months ago 76 27 1 2

People are already having smaller families. Please look at the graph I linked, and maybe this as well: ourworldindata.org/fertility-ra... Your wish has already been achieved in birth rates, it's just going to take another century or so to be reflected in total population.

4 months ago 0 0 1 0

They already are. en.wikipedia.org/wiki/Human_p...

4 months ago 0 0 1 0