Exciting things I learned and read during the week (04 Dec – 09 Dec):
“I have been in the AI industry for many decades now and it has been a long time since I last had this feeling of utter fascination mixed with disbelief mixed with anxiety.”
“Contrary to common belief, the link between wages and productivity is strong“
“most workers should be included, but he is also open to arguments made on the left that managers should be excluded when studying the relationship.”
“Which measure of inflation should be used to convert nominal wages into real wages -> Economic theory predicts that workers are paid according to the marginal product of what they produce, not what they consume. Thus, an output price deflator is most appropriate.“
“investigators should use total compensation rather than just wages”
“Strain’s final argument is that a better way to measure productivity is to use net output rather than gross output. The main reason is that “gross output includes capital depreciation, while net output does not. Since depreciation is not a source of income, net output is the better measure to use when investigating the link between worker compensation and productivity.”
3. A Psychologist Spent Five Years Studying World Cup Penalty Shootouts
“After graduate school, he moved to the Netherlands in 2004, and he could not have picked a better time or place to become obsessed with penalties. The nation had been eliminated by shootout from three straight international tournaments, and those brutal losses turned penalties into the stuff of national trauma.” -> I guess now it is even more of a national trauma!
“a shootout is not a showdown between two people but a collective effort involving everyone on the field. The second is that psychology plays a massive role in determining who wins and why“
4. Brains, Brawn or Both: What Drove the Creation of Modern Dog Breeds?
“Long before we were breeding dogs for their appearances, we were breeding them for behavioral traits.”