pash

11 ms·

31.
by pash 2y ago
The Fed’s estimates thru 2022 say real estate makes up 46.8% of net US wealth ($83.5 trillion of $178.4 trillion) [0]. 0. Readably summarized at https://www.barrons.com/amp/articles/net-wealth-is-over-135-... .
32.
by pash 4y ago
Yes, it’s a bit surprising. The whole point of a constitution is to provide a groundwork and a set of meta-rules governing how the ordinary rules of society may be made and modified, and how disputes about those sorts of thing should be res
33.
by pash 4y ago
Article III, Sec. 2, clearly, which begins: > The judicial Power shall extend to all Cases, in Law and Equity, arising under this Constitution … Let’s not continue this conversation. The view I’m presenting is long established and can
34.
by pash 4y ago
The role of the courts in deciding the constitutionality of legislation was very much in the zeitgeist of the American experiment. Federalist , No. 78: > It is not otherwise to be supposed, that the Constitution could intend to enable
35.
by pash 4y ago
You’re right, sorry. Reserve Primary was the only fund whose NAV was below the Treasury’s qualifying threshold, so it did not participate in the guarantee program. I had the mistaken recollection that Reserve Primary’s NAV had returned abov
36.
by pash 4y ago
Two new writers to read! Interesting, if it’s really the case, that there are only a couple of twentieth-century British novelists whose cult reputations outstrip their wider reputations. I feel like there are a number of American authors w
37.
by pash 4y ago
Yes, really. The Treasury guaranteed dollar-for-dollar redemptions for all investors’ holdings at the time the RPF broke the buck, following Lehman’s failure several days before [0, 1]. Only those who speculated on the value of the fund aft
38.
by pash 4y ago
Money-market accounts are not covered by government deposit insurance. But money-market funds make a return for themselves by investing their customers’ cash in risky assets, similarly to a bank. If there’s a run on your money-market fund a
39.
by pash 4y ago
Northrop Grumman announced in September that they would unveil the B-21 at Palmdale this week [0]. The location was not a secret. 0. https://www.globenewswire.com/news-release/2022/09/20/251965...
40.
by pash 5y ago
This is the essence of the method described in the link, and the ability to pull it off is called "mathematical maturity". How one acquires mathematical maturity is the matter of some debate.
41.
by pash 6y ago
Sorry, re-reading my comment I can see that it is likely only to add to the confusion. (The downvotes suggest so also! Apologies all around.) I meant to make two points. First, that IMO it is misleading to say that a bank simply creates new
42.
by pash 6y ago
> If you apply for a $10k loan from a bank then, once the loan is approved, the bank will simultaneously: - increase your current account balance by $10k (credit your current account) - increase your loan account balance by $10k (debit
43.
by pash 6y ago
Topology is a canonical example of "mathematics without numbers" (and indeed of "qualitative" rather than "quantitative" mathematics), so for anyone approaching it with an undergrad or lesser background in math
44.
by pash 8y ago
I was trying to avoid being too detailed, but the distinction is actually that linear types require function arguments to be used exactly once and affine types require that they be used at most once. So affine types allow constant functions
45.
by pash 8y ago
Linear logic and affine logic (the latter of which SrPeixinho refers to in that Reddit post) let you use an assumption only once in a proof. Their counterparts in functional programming are called linear and affine types [0]; the arguments
46.
by pash 8y ago
I think many beginning Haskellers have this problem. To overcome it, my advice is to write Haskell code with the knowledge that you can re-write it more readily than you can re-write code in many other languages. Write the code that fits th
47.
by pash 8y ago
I’m a big fan of reading textbooks. I tend to buy and read several texts on the subjects that interest me most, and then continually to revisit each of them as my experience and knowledge in the subject broadens and deepens. But I feel like
48.
by pash 8y ago
John Cochrane, a well known financial economist and former president of the American Finance Association, last month wrote a blog post [0] reacting to a similar article in Bloomberg about the pricing of air ambulance services. If you want t
49.
by pash 8y ago
And in fact a Bayesian approach, by being explicit about conditioning information, helps to show the “trick” behind the Monty Hall problem: when Hall opens a door, he reveals information about what’s behind the other two doors that the cont
50.
by pash 8y ago
He’s likely referring to the fact that the rules of probabilistic reasoning can be shown to be the only rules of reasoning that yield correct inferences from data. Bayesian statistics is in that sense the “logic of science”. The first chap
51.
by pash 8y ago
Here’s the Sci-Hub link: http://doi.org.https.sci-hub.hk/10.4049/jimmunol.1701605 [PDF] Human subjects were dosed 2g (about a fifth of a teaspoon) in 250mL of water each day.
52.
by pash 9y ago
Einstein’s 1949 article in the Saturday Review is “Notes for an Autobiography” [0]. It’s worth reading. 0. https://archive.org/details/EinsteinAutobiography
53.
by pash 9y ago
Yes, it’s from the preface to the first edition. Incidentally, the earliest expression of this idea that I’ve seen is from a talk by Fischer Black [0] in 1963, published a year later in a volume on LISP [1]: Programming style is not a matt
54.
by pash 9y ago
The usual convention is a single hyphen for short-form (single-letter) options, and a double hyphen for long-form options: > python -v or > python —-version It’s good practice to offer both. It should also be possibl
55.
by pash 9y ago
To expand on that: “Rent” is a term of art in economics that means a “payment to an owner or factor of production in excess of the costs needed to bring that factor into production” [0]. Economic theory shows that in a perfectly competitive
56.
by pash 9y ago
I do it too, when I’m being lazy. It simply requires more effort to order one’s thoughts well. The best reference on style I know in this regard is Joseph Williams’s book Style: Toward Clarity and Grace [0]. The book explains how to anal
57.
by pash 9y ago
The em-dash is like the AK-47: it feels good in one’s own hand, but one is distressed to find it everywhere one looks. If you find yourself wielding either often, you should stop and ask yourself: “Am I the bad guy?” Just minutes ago I read
58.
by pash 9y ago
I and some others explained this in another thread [0] about a week ago. The basic explanation is that because of a simple arbitrage relationship between futures and spot, prices in these markets are tightly linked regardless of how the fut
59.
by pash 9y ago
More precisely, it is possible to replicate the final value of a futures contract (on Bitcoin or any other asset) up front, by trading in the spot market, even though a futures contract’s payoff is uncertain until it expires. Whatever the f
60.
by pash 9y ago
Induced demand [0], if that’s the phenomenon you have in mind, does not mean that “increasing highway capacity increases congestion.” It just means that adding capacity increases usage of the road, often to the point that so many more drive

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