Best of #econtwitter - Week of January 22, 2023: interesting tweets
Welcome readers old and new to this week’s edition of Best of Econtwitter. Please submit suggestions — very much including your own work! — over email or on Twitter @just_economics.
Interesting discussions
Economic theory is full of surprising results that are easy to describe to a layperson. Thinking about upcoming teaching, some (below) came to mind.
What other ones come to mind?
[I'm abusing tweeetic license and omitting caveats needed to make all these statements correct.]
Updated my "research design" slides slightly this year after spending a lot of time thinking about it. github.com/paulgp/applied…
The 100 word limit for abstracts at Econ journals is too small (IMHO). I think it should be raised to 150 words.
^“Well my abstracts at least!”, as Cochrane puts it
An asset pays a $2 cash flow per year forever. The current market price of the asset is $100.
We introduce a 2% tax on the value of the asset. How much revenues will the tax raise per year?
Hey #EconTwitter, with job market talk season underway, I thought I’d share some advice in case any candidates are finding/worrying that their presentations are too long. (1/n)
What's your favorite single-authored paper of a person who is no longer in academia?
Mine's by Jesse Edgerton (now Two Sigma Investments) which shows that corporate executives no longer have private jets when their firms are taken over by private equity.
onlinelibrary.wiley.com/doi/abs/10.111…
Publishing articles takes a lot of rejection!
My last 10 published articles were accepted at their nth journal, where n = 4, 4, 1, 11, 1, 1, 3, 3, 1, 3. (Yes, that's an 11, not a typo.)
#GetYourManuscriptBack #GetYourManuscriptBack #EventuallyItStaysAway
What's your experience?
Here's the story of a city's response to spiking gun deaths. Of READI Chicago—an ambitious effort to build & study a program of jobs & CBT for the men most likely to shoot or be shot. Of HUGE success by some measures (64% fewer shooting & homicide arrests!) & no impact by others.
One thing I learned from giving all those talks on one paper on the job market is the first slide of the talk should be the elevator pitch
AEA data legality policy
I'm really not sure how I feel about this. Think about how leaked docs and datasets are to investigative journalism, and while economists are not really in that game (much) these days, should we bar them from it?
Trade Diversion (Jonathan Dingel) @TradeDiversion
^seems like a hard topic for the peanut gallery to litigate over Twitter, but, here we are
The new @AEAjournals policy on illegal data is too broad & threatens to exclude a swath of research based on leaked data, crucial to our understanding of tax evasion and illicit flows
aeaweb.org/journals/data/…
e.g here are already-published papers that would have been excluded:
@aidthoughts @AEAjournals Illegal data poses a serious question and the answer is not simply "don't do it." The @AeaData policy includes an exception for when societal gains outweigh risks. I think of it as an IRB for data.
^…Straussian?
Here is a thread with some background and clarifications on the AEA Data Legality Policy
AEA Information @AEAInformation
The legality of some practices, such as scraping, is not settled but subject to ongoing court cases. As long as the legality of data is not settled, AEA editors will treat such data as legally acquired
@imbernomics They’re following the lead of the big science journals. Nature has been cracking down on this, requiring to submit DUAs, etc.
