It is the title of a paper by Milli, Hadfield-Menell, Dragan and Russell which can be found here. Their goal is to demonstrate that when a human is not perfectly rational and delegates decision mak…| The Leisure of the Theory Class
The Wall Street Journal recently published an article by Steven Landsburg lamenting the disappearance of `price theory’ from the Economics curriculum. Price theory is what some Economists at …| The Leisure of the Theory Class
There is now a widespread concern that the algorithms deployed to set prices, may `learn’ to collude and set prices above what one might consider to be the competitive level. Indeed, the FTC …| The Leisure of the Theory Class
At a recent Algorithmic Fairness meeting, there was some discussion of algorithmic homogenization. The concern, as expressed, for example in Kleinberg and Raghavan (2021) is that “the quality…| The Leisure of the Theory Class
Sydney Afriat passed away on December 31, 2021. I learnt this in the course of a hunt for one of his papers (more on this later). Unsurprising given his vintage, but disconcerting that I could reca…| The Leisure of the Theory Class
Recently Ashwin Kambhampati, Juuso Toikka and myself were engaged on a project that grew out of Carroll’s robust contracting paper . A byproduct is a new proof of Carroll’s main result …| The Leisure of the Theory Class
From time to time, I return to Polya’s `How to Solve It’ for advice to give my students. In spite of the passage of time it remains as trenchant and as useful as ever. One thing, howeve…| The Leisure of the Theory Class
Like Tilman Borgers I believe that all behavioral economics and social psychology books should be housed in the self-help section of the bookstore. Indeed, Tilman tells me, that when bookstores exi…| The Leisure of the Theory Class
Around the mid 2010’s Google introduced automated bidding. Other platforms have followed suit. Rather than bidding directly for an `eyeball’, an advertiser delegates the bidding to the …| The Leisure of the Theory Class
While my colleagues have been using Chat GPT to determine what it knows about important things, such as sunk costs and elasticity of demand, I was curious to learn what it knew about me. Here is a …| The Leisure of the Theory Class
