Hermel

94 ms·

361.
by Hermel 11y ago
4: Grant bureacracy and politics. I have heard of professors and phds that spend 10% to 20% of their time on writing grant applications and fulfilling related bureaucratic requirements like writing progress reports. Furthermore, they tend t
362.
by Hermel 11y ago
Then why ask philosophers? If you don't know what the other side of the moon looks like because rockets have not been invented yet, how could a philosopher possibly help?
363.
by Hermel 11y ago
If it is not testable, it does not sound like physics to me. Physics is an empirical science, and should therefore be testable by definition.
364.
by Hermel 11y ago
Looks like he was wrong.
365.
by Hermel 11y ago
Note that in practice, this 3rd party clearing house often is owned by the banks (as joinz venture), reducing your implied incentive to obsolete them.
366.
by Hermel 11y ago
"Loss aversion" should simply be seen as an observable behavior regardless of its cause. It makes no sense to say behavior stemming from diminishing marginal utility is not loss aversion if it leads to the same symptoms as "
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by Hermel 11y ago
They control nominal interest rates, but not real interest rates. In a world without real growth, you won't get significant real interest rates regardless of money supply.
368.
by Hermel 11y ago
You are implicity assuming that the fed actually has the power to control interest rates in a meaningful way. However, in the end, the fed cannot depart too much from the "natural rate of interest" and there are hints that this na
369.
by Hermel 11y ago
Ironically, "Gaffer" is the German word for rubberneck.
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by Hermel 11y ago
Your argument mainly applies to CO2. Generally, Diesel engine reach better efficiency at higher temperatures, but higher temperatures also lead to more NOX being created. So in the case of NOX, it really is a trade-off.
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by Hermel 11y ago
That's because Java is object-oriented. Data and the functions that operate on that data are not supposed to be separated. A clean object-oriented design has no plain getters and setters.
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by Hermel 11y ago
Yes, app engine does not seem very mature yet. I observed abismal performance of CPU-bound tasks (10 times slower than on my own machine with the same nominal specs). Also, when I tried to unlock the free trial, the whole admin console got
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by Hermel 11y ago
> Instead, the corporation's income or losses are divided among and passed through to its shareholders. The shareholders must then report the income or loss on their own individual income tax returns. That's not what I imagine
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by Hermel 11y ago
Software companies also lack key ingredients for the future of the automobile. The first to successfully combine the best of both worlds wins.
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by Hermel 11y ago
> In an ideal world a government regulator would step in and ensure data access and privacy. No, in an ideal world there would be much more competition between banks, forcing them to offer better services in order to keep their customers
376.
by Hermel 11y ago
There are much more open questions than that. Will Google figure out how to reliably support a product for 20 years after it has been sold? Will Tesla figure out the logistics of manufacturing and marketing more than three models? (The VW g
377.
by Hermel 11y ago
I am a user of Google App Engine and found its performance unsatisfying. I can execute the same Java programs 10 times faster on my local machine than in an app engine instance with the same GHz and RAM according to Google. I.e. what takes
378.
by Hermel 11y ago
Makes sense, but hard to implement. Switzerland taxes the Eigenmietwert (self-renting value) of properties. If live in a self-owned flat, the amount you could have earned by letting the flat to someone else is taxable income. This makes sen
379.
by Hermel 11y ago
Because it gives lawyers a stronger incentive to escalate conflicts, instead of deescalating them, which is not in the interest of society. Lawyering up is a zero-sum game, so the economy is better off if the money in question stays in a pr
380.
by Hermel 11y ago
I find it already unethical for lawyers to take a percentage of the awarded damages, a practice which is fortunately illegal in many European countries.
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by Hermel 11y ago
They have laws, courts, schools, taxes, an army, and a territory. Sounds like a state to me.
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by Hermel 11y ago
> As we get better at measuring who produces what, the pay gap between those who make more and those who make less grows. In other words: the incompetent are increasingly discriminated against. Maybe they should be protected by law? ;)
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by Hermel 11y ago
> Nobody would have examined such things, because nobody would have been interested in examining it, if it would be OpenSource. I don't think so. There are plenty of car tuning enthusiasts that would find it very interesting to equi
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by Hermel 11y ago
Francis Fukuyama recently wrote an excellent article about the US Forest Service in Foreign Affairs. Title: America in Decay https://www.foreignaffairs.com/articles/united-states/2014-0...
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by Hermel 11y ago
If these controllers were open source, drivers could decide on their engine settings themselves. That could be an interestimg strategy for VW as it would move responsibility to the drivers.
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by Hermel 11y ago
A large fraction of Bitcoin transactions is gambling. See how the number of transactions suddenly takes off in summer 2012? That's Satoshi Dice. https://blockchain.info/charts/n-transactions?showDataPoints... Furt
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by Hermel 11y ago
Copyrights should expire much, much faster. Five to ten years would probably reasonable. In its current form, copyright is an obstruction to the creativity it was designed to incentivize.
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by Hermel 11y ago
Unlike C++, Java ensures that floating point calculations always yield the exact same result, regardless of the underlying platform. This can degrate performance. I am not sure if they meant that thought, in my opinion this is an advantage
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by Hermel 11y ago
As having both, an economics and computer science background, I often feel like economists focus on the wrong metrics when evaluating programming languages. The importance of raw computing speed of a programming language pales in comparison
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by Hermel 11y ago
Yes. Part of the scientific explanation of Buffets return is explained in Pedersens "betting against beta" paper. Here, it is shown that investing with cheap leverage in boring stocks (like Buffet) is better than investing in risk

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