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Geopolitics

Trump’s ‘Regime Change’ Swerve

The article explores Donald Trump's unexpected shift in foreign policy rhetoric, focusing on his stance on regime change and its implications for U.S. diplomacy and global relations.

United States
Economy

Is financial economics still economics?

That all sounded wonderful, and that core model and its offshoots dominated financial research for decades. The problem, however, was that it wasn’t true, or at least it wasn’t nearly as true as we had thought and hoped. When financial economists refined the models with more complete specifications, it turned out Beta didn’t predict stock […] The post Is financial economics still economics? appeared first on Marginal REVOLUTION. CommentsThis intellectual history is compelling but the time hor...

United States
Technology

Shifting to AI model customization is an architectural imperative

In the early days of large language models (LLMs), we grew accustomed to massive 10x jumps in reasoning and coding capability with every new model iteration. Today, those jumps have flattened into incremental gains. The exception is domain-specialized intelligence, where true step-function improvements are still the norm. When a model is fused with an organization’s…

Global
Education

National Guard Youth ChalleNGe

The National Guard Youth ChalleNGe program serves young people ages 16 to 18 who risk not completing a high school credential. This report, the tenth in a series of annual updates, covers the program and the participants who entered during 2024

United States
Education

The economics of dropout risk

Bryan Caplan keeps hammering this point home, it is good to see follow-up work: In the United States, college dropout risk is sizable. We provide new empirical evidence that beliefs about the likelihood of earning a bachelor’s degree predict college enrollment, and that the distribution of these beliefs exhibits widespread optimism. We incorporate this distribution […] The post The economics of dropout risk appeared first on Marginal REVOLUTION. CommentsAffirmative Action and Mismatch by Pete...

United States