3 ms·
Eric Weinstein, physicist, economist, and podcaster has referred to a pretty nasty fight he and his wife had about this very thing - I believe he calls it the p
by SuoDuanDao 7y ago
Eric Weinstein, physicist, economist, and podcaster has referred to a pretty nasty fight he and his wife had about this very thing - I believe he calls it the problem of hedonic substitution, and he and his wife had come up with a theory that could model it rigorously (gauge theory) but as far as I know he's never discussed gauge theory for laypeople.
here's a clip from an interview where he discusses the subject: https://www.youtube.com/watch?v=2xiEEtoa-_4 https://www.youtube.com/watch?v=2xiEEtoa-_4
Edit: I realize I worded that misleadingly - he and his wife were on the same side, against government economists who wanted to be able to estimate the value of hedonic substitution on an ad-hoc basis.
- adrianN 7y agoGauge theory is already a thing in physics. Maybe he should come up with a different name?
- SuoDuanDao 7y agoMy understanding is that his innovation was applying gauge theory to calculating the 'real' rate of inflation. But the only academic talk of his I've seen assumed a base level of knowledge which I don't have.
- vincent-toups 7y agoThis clip. Christ. There are many ways for the conversation to go if you want to get try an understanding of gauge theory. Joe Rogan is not on any of those many branching paths.