Mechanism design: non-technical considerations

Mechanism design is a broad and somewhat abstract part of Economics that one rarely hears about in day to day conversation. At its core it is about how the systems around us map preferences onto outcomes. Before one looks more into mechanism design it can seem like quite a fringe part of Economics, many of… Continue reading Mechanism design: non-technical considerations

The gap between typical and average (my ergodicity primer)

How far can typical and average diverge from each other? In many settings the answer is not much but in many more the answer can be a surprisingly large amount. These different settings are often not differentiated though leading to misleading statistics and beliefs. What differentiates these two types of systems? The answer is ergodicity.… Continue reading The gap between typical and average (my ergodicity primer)

Quadratic voting and family holdidays

What do family holidays and budget decisions in the Democratic caucus of the Colorado House of Representatives have in common? They are both, it turns out, pretty good use cases of quadratic voting (QV). If you're not familiar with QV try going here where Vitalik Buterin goes through it at some length. Basically it is… Continue reading Quadratic voting and family holdidays

If we can put a man on the moon, will it be worth it?

The Apollo missions live in the memories of fewer and fewer people but their legacy continues to inspire people born generations after the first steps on another world occurred. Today many look back on them with a sense of wonder and astonishment but even as the missions were about to start very few looked favourably… Continue reading If we can put a man on the moon, will it be worth it?