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Culture

Victor Niederhoffer, RIP

In addition to his well-known public roles, he worked very hard to help and befriend me when I was younger. Here are the Google searches for Victor. Less well known about Victor is that he had one of the world’s best collections of private letters. He also once gave me a very nice small painting […] The post Victor Niederhoffer, RIP appeared first on Marginal REVOLUTION.

United States
Economy

The Value of Behavioral Policies

Behavioral interventions have become central to modern public policy, but their empirical promise remains contested because estimated treatment effects often appear small. We argue that a policy response is economically meaningful only relative to the response generated by alternative policies. We assemble more than 1,200 estimates from over 600 studies comparing “nudges” and traditional price […] The post The Value of Behavioral Policies appeared first on Marginal REVOLUTION. CommentsExcelle...

United States
Economy

Estimating the Economic Value of Zoning Reform

We estimate the economic value of zoning reform in São Paulo, which altered maximum permitted construction along transportation corridors. Developers increased filings for multifamily construction in blocks affected by the reform, leading to more housing supply and lower housing prices in neighborhoods that allow more densification. Our equilibrium model of housing markets estimates an aggregate […] The post Estimating the Economic Value of Zoning Reform appeared first on Marginal REVOLUTION....

Brazil
Politics

The A.I. Revolt Is Here

What’s big and ugly and has united Republicans and Democrats? A.I. data centers. An overwhelming majority of Americans say they’d oppose a data center being built near where they live. In New York, Gov. Kathy Hochul just imposed a one-year moratorium on data center construction, and there are over 100 other local or statewide moratorium proposals across the country. A.I.’s explosive momentum over the last few years seems to have finally run into a force that could slow it down: the messy poli...

United States
Technology

The Download: US robot restrictions, and ICE’s DNA grab

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Trump’s AI protectionism has come for robotics —James O’Donnell Humanoid robots usually elicit more cringe than awe: They stumble, kick children, and despite advances are still worse at using their hands than my toddler. It’s…

United States