zissou

14 ms·

61.
by zissou 14y ago
Levy, the main author of the academic article behind this story, is one of my mentors. We taught a class together while I was a PhD student in economics at Emory. I first heard the Coke story during his presentation during a fly-out weekend
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by zissou 14y ago
What about the wages/salaries + the rest of the labor supply side? Comparing the raw quantity of job postings (labor demand) across cities doesn't have much value. The suggestion you received in your last post about collecting this data ove
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by zissou 14y ago
But it's not illegal to have a monopoly. It's illegal to monopolize.
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by zissou 14y ago
Of course you're right that pricing is not easy. Your list of other considerations is also very good (sounds like you've taken a course in industrial organization). The only other main idea I want to add is that price is just one of the way
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by zissou 14y ago
Technically, the goal of this service (whether the owners describe it this way or not) is to find the unit elastic point on a product's demand curve. In theory, assuming a linear demand function, profits are maximized at the price and quant
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by zissou 14y ago
Is the first sentence in the title a Ferris Bueller reference? If it's not, it'd be cooler if it was.
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Thinking like economists(web.mit.edu)
1 points by zissou 14y ago|0 comments
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by zissou 14y ago
Both Shapley and Roth are microeconomists, so the fact that you are bringing up banking and inflation is a clear signal that you don't understand anything about economics. If you want to harp on Nobel Prize winning economists regarding thei
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by zissou 14y ago
This makes me so happy. Well deserved recipients. Now Tirole just needs to get his prize for his work on platforms and 2-sided markets and I will be fully satisfied. I referenced Al Roth's work on market design in the following comment in a
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by zissou 14y ago
Talk economics to me, baby. As an economics PhD drop-out who left [after year #2] to start my own consulting company based on my PhD research, I can relate with so much of what I've heard so far (I'm only at 22mins at this point). Also, as
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by zissou 14y ago
Regardless if an organization has a business model or if they're still searching for one, the organization must be a business because businesses have business models (non-profits have/need business models too). Some business models fail, so
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Bruce Schneier: The security mirage(youtube.com)
2 points by zissou 14y ago|0 comments
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by zissou 14y ago
"But if your visiting an online store and you see a lot of likes under the product then this might cloud your judgement ;)" I give it 12-24 months before the DoJ/FTC deem Facebook `Likes` illegal under antitrust law, for the exact logic you
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by zissou 14y ago
I think you did a good job on the data presentation. I'm not even a vim user and I found it intuitive to understand the analysis you did (i.e. the question you wanted to ask) and the results of that analysis. Just generally speaking, I thou
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by zissou 14y ago
I first learned Python (which I use for web-related functions) from an engineer at Seagate who uses it everyday in failure analysis of drives (they use something like Python 2.2 still). That's something I always loved about Python -- it can
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by zissou 14y ago
Like a boss.
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by zissou 14y ago
I don't even play video games anymore, but I played a hell of a lot of CS back in the day. Many years have passed, and I jumped on the Linux bandwagon about 3 years ago, and am now supposedly a productive member of society. But dammit, all
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Ask HN: I want to put my desktop computers in the cloud.
4 points by zissou 14y ago|3 comments
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by zissou 14y ago
1-2-3-4-5? That's amazing. I've got the same combination on my luggage.
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by zissou 14y ago
Did somebody say B = (X'X)^(-1)X'Y? Here is one of my favorite OLS-related abuses of linear algebra: y = XB + e ---> e = y - XB ---> e = y - X(X'X)^(-1)X'Y ---> e = [I - X(X'X)^(-1)X'Y]y = My Now use the two idempotent matrices
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Econometrics Lecture Notes(ssc.wisc.edu)
1 points by zissou 14y ago|0 comments
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by zissou 14y ago
Lots of good examples here. Ariely's first 2 TED talks are great, but be careful with behavioral economics. For most start-ups, thinking about pricing in terms of hardcore microeconomic theory is probably a better route. The fact that so ma
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by zissou 14y ago
I agree with both your premise and conclusion regarding the on going commoditization of storage. The OP lays out application integration and software integration as routes for storage providers to follow, which I tend to agree with, but the
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by zissou 14y ago
Why? This makes perfect sense. Who Google's Google?
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by zissou 14y ago
My list: 1 Intel i72700k desktop (4c), 1 Intel i72670qm HP laptop (4c), 1 Intel i3330m Acer laptop (2c), 1 AMD Phenom II x6 1100t desktop (6c), 1 AMD Phenom II x4 830 desktop (4c), 1 AMD C60 Acer laptop (2c), 1 Tegra II Viewsonic gtablet (1
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by zissou 14y ago
The model described in the post isn't really an econometric model, for a couple of reasons. First, the underlying theoretical model simply throws the kitchen sink on the RHS of the equation, with little to no economic motivation given for w
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by zissou 14y ago
"I'll just continue being quiet." It's the first lesson in not being seen: not to stand up. The Pythons are strong in this one.
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by zissou 14y ago
The real problem with college education in the US is that the majority of the students don't start to plan their career until after college is over. Far too many believe the value is in the piece of paper, so that's all they care about, whi
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by zissou 14y ago
Well, as the saying goes: >> Facts are stubborn things, but statistics are more pliable. But to [maybe not your main] point, sales rank and quantity sold are most definitely HIGHLY correlated (if not only for the simple fact that sa
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by zissou 14y ago
The economic (consumer choice) problem that Priceonomics is aimed at solving is the "when to buy a product" problem. Plenty of products already exist to aid consumers with the "where to buy" and "what/which to buy" problems. This paper at M

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