xapata

15 ms·

181.
by xapata 4y ago
Not just liquidity. A dollar 10 years from now is worth less than a dollar today. That means it's a solvency issue as well.
182.
by xapata 4y ago
Sometimes DARPA just funds basic-ish research (eg., the internet).
183.
by xapata 4y ago
Sorry, I meant that learning how to speak with syntax and grammar is comparable to a string of mostly-correct chess moves. Especially in early game.
184.
by xapata 4y ago
Not the ELO of the average kid who spends a year studying chess seriously? It's very difficult to define the average kid without context. It's been a while since I read a global demographics update, but not all that long ago the
185.
by xapata 4y ago
Chess has a syntax.
186.
by xapata 4y ago
There's a difference between a mistake and no ethics.
187.
by xapata 4y ago
_The Shaft_, a Georgia Tech periodical (similar to _The Onion_ in spirit), interviewed a local associate professor: "How can I be expected to teach math if my students don't speak basic Mandarin?"
188.
by xapata 4y ago
First, no. My wife earns more than me, but phrases like "FDIC insurance" make her eyes glaze. She'd ask her parents, "What do you do?" They'd answer, "Keep cash under your mattress." Second, what d
189.
by xapata 4y ago
> Give ... time That's, I think, the heart of these economic dislocation problems. The destination is fine, but the transition is painful.
190.
by xapata 4y ago
> unwilling to ... pay $120 for a steak That's surprising. I see $120 steaks on the menu in Las Vegas restaurants. Why not at the ski resort? > million dollar winter dachas Perhaps because the alternative to a $120 restaurant s
191.
by xapata 4y ago
Commercial rents are almost always higher than residential rents, due to zoning restrictions.
192.
by xapata 4y ago
> (“local knowledge”) can be replicated digitally I think that's one of those "citation needed" assertions. At least some explanation.
193.
by xapata 4y ago
Yes, but depositors are generally not expected to be sophisticated investors in the context of bank liquidity abd solvency. You don't get a prospectus of the bank itself when you consider opening an account.
194.
by xapata 4y ago
Solid except for the time-value of money.
195.
by xapata 4y ago
The derivatives market for hedging interest rate risk is fairly liquid. They can add the cost of an appropriate hedge (according to their risk appetite) into the price of the loan.
196.
by xapata 4y ago
But to be first, you must be smarter. Or cheat.
197.
by xapata 4y ago
Is the use of those quoted words what you dislike? Would you have a different sense of it if we replaced those words with "foo" and "bar" so that we could use more nuanced concepts?
198.
by xapata 4y ago
> by definition unknown They're a known-unknown. Well-defined risk can be priced in. Black swans / unknown-unknowns can't.
199.
by xapata 4y ago
It does, in fact. The bank prices that into the loan.
200.
by xapata 4y ago
I'm an economist, yet I only recently realized that adjustable-rate mortgages are economists' consensus best choice for consumers. Based on the expectation that personal economics are well-correlated with broad market economics,
201.
by xapata 4y ago
By trivia, I mean it can be thoroughly explained in a paragraph or two. Separately, if it's the kind of thing that can be learned in less than a year of experience, it's not helpful for determining whether someone should be hired
202.
by xapata 4y ago
> best engineers Precision is different from recall. You're asking trivia. I'd rather ask questions that can't be studied for, only practiced through years of experience. I also sometimes hire people who don't know Ja
203.
by xapata 4y ago
Same. It's hard to keep track of conversation in this forum. While typing a reply, it only shows the most recent comment. My comments are always myopic.
204.
by xapata 4y ago
Books about quirks of human behavior? I suppose behavioral economics books, like those by Daniel Kahneman, might be good.
205.
by xapata 4y ago
It's a human problem, not a technologist problem. I've often been asked by a business manager to create a website or other software in support of a new business process that is still in what I'd call the hypothesis testing p
206.
by xapata 4y ago
That makes a good soundbite.
207.
by xapata 4y ago
Ah, good, so we've agreed that the pandemic-related economic stimulus appeared to increase real wages for the poor. That's all I was getting at. Whether that's sufficient to be interesting, I'm not energetic enough to d
208.
by xapata 4y ago
We're largely talking past each other now. I find myself repeatedly trying to make a distinction between inflation in general and consumer price inflation specifically. Consumers may not often directly buy labor (though it feels other
209.
by xapata 4y ago
That Brookings article starts with, "Inflation refers to changes over time in the overall level of prices of goods and services throughout the economy." Services includes labor. The Bureau of Labor Statistics publishes the Emplo
210.
by xapata 4y ago
The trouble is when you've been using your alternate persona, chatting with a stranger, and encounter someone who knows your real name that wants to say, "Hello." "Oh, uh, ... that's my middle name."

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