Financial innovation | Behavioral & Neuro Economics | Research | (very) occasional wit
Toronto, Ontario
Joined June 2009
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Amos Nadler retweeted
By highlighting bullish analyst upgrades, this tweet exemplifies confirmation bias—favoring information that supports existing beliefs. This can lead to overestimating a stock’s prospects without considering counterarguments. Investors should ask: Am I... xitter.cf/i/status/1942544301919…
CITI RAISES $NVDA PRICE TARGET TO $190
• AI data center TAM raised to $563B by 2028 -- bullish for $TSM (exclusive foundry), $ASML (EUV orders) & $AMD as AI compute spending expands across the stack
• Networking TAM raised from $90B to $119B (+32%) & now expected to be 21% of the total AI stack -- major tailwind for $AVGO, $MRVL & $ALAB, which power the high-speed interconnects & switching infrastructure behind next-gen AI clusters
Amos Nadler retweeted
As a professor who favors free speech on campus, I can sympathize with the "nuanced" answers given by U. presidents yesterday, about whether calls to attack or wipe out Israel violate campus speech policies.
What offends me is that since 2015, universities have been so quick to punish "microaggressions," including statements intended to be kind, if even one person from a favored group took offense. The presidents are now saying: "Jews are not a favored group, so offending or threatening Jews is not so bad. For Jews, it all depends on context." We might call this double standard "institutional anti-semitism."
University presidents: If you're not going to punish students for calling for the elimination of Israel and Israelis, it's OK with me, but ONLY if you also immediately dismantle the speech policing apparatus and norms you created in 2015-2016. Please read The Coddling of the American Mind. @glukianoff and I laid out exactly where the oppressor/victim frame came from (ch. 3), how it spread out of a few departments to gain power over administrators and campus culture (chapters 4 and 5), and how it drove the creation of the bureaucratic structures and processes that now have us all teaching and learning on eggshells (ch. 10). In chapter 13 we offer advice to leaders on how to to return universities to their academic mission and regain public trust.
The presidents of @Harvard, @MIT, and @Penn were all asked the following question under oath at today’s congressional hearing on antisemitism:
Does calling for the genocide of Jews violate [your university’s] code of conduct or rules regarding bullying or harassment?
The answers they gave reflect the profound moral bankruptcy of Presidents Gay, Magill and Kornbluth.
Representative @EliseStefanik was so shocked with the answers that she asked each of them the same question over and over again, and they gave the same answers over and over again.
In short, they said:
It ‘depends on the context’ and ‘whether the speech turns into conduct,’ that is, actually killing Jews.
This could be the most extraordinary testimony ever elicited in the Congress, certainly on the topic of genocide, which to remind us all is:
“the deliberate killing of a large number of people from a particular nation or ethnic group with the aim of destroying that nation or group”
The presidents’ answers reflect the profound educational, moral and ethical failures that pervade certain of our elite educational institutions due in large part to their failed leadership.
Don’t take my word for it.
You must watch the following three minutes. By the end, you will be where I am.
They must all resign in disgrace.
If a CEO of one of our companies gave a similar answer, he or she would be toast within the hour.
Why has antisemitism exploded on campus and around the world?
Because of leaders like Presidents Gay, Magill and Kornbluth who believe genocide depends on the context.
To think that these are the leaders of Ivy League institutions that are charged with the responsibility to educate our best and brightest.
On the bright side, our congressional leaders deserve accolades for showing tremendous leadership and moral clarity in their statements, by the questions they asked, and the respectfulness with which they conducted the hearing.
It was a masterclass of how our government and democracy should operate.
If you have time, please watch the entire hearing. Throughout the hearing, the three behaved like hostile witnesses, exhibiting a profound disdain for the Congress with their smiles and smirks, and their outright refusal to answer basic questions with a yes or no answer.
Amos Nadler retweeted
Grateful for a chance to share our new PNAS paper from the Cebu Study (Metro Cebu, Philippines). Using 30+ yrs of data (n = 966), we show that adolescent boys experiences with their fathers predict sons’ later testosterone when they become dads (& before). tinyurl.com/pnas22
Amos Nadler retweeted
So, if Zillow put in a bid that wasn’t high enough, the homeowner would reject it.
But if Zillow put in a bid that was way too high, the homeowner would definitely accept it.
Basically, Zillow was getting the worst case scenario on almost all of their purchases.
Amos Nadler retweeted
Economic journals take too long to make a decision; especially hurting juniors. Our new journal, JPE-Micro, commits to take no longer than 45 days to decision. I have introduced a clawback to make sure Editors are incentivized accordingly.
#EconTwitter #makechange4everyone
Amos Nadler retweeted
Amen brother, preach on.
This is why ignorance is bliss, even if it fires up the Dunning-Kruger effect
Amos Nadler retweeted
Are you excited for the vSNE 2021 Conference starting next week? #vSNE2021 Read up on all the program deetails here neuroeconomics.org/wp-conten…
Amos Nadler retweeted
The headline result: we found tremendous gains in learning.
In the commonly used SD metric, this was 3.2 SD, but the SD is hard to use in this context because counterfactual learning is so low
Here are the test score distributions for intervention and control kids
14/n
Amos Nadler retweeted
*NEW* from Xiaomin Li and me (sites.google.com/view/xiaomi…) Hidden Markov modeling of mental states in games. Used to help pin down "level k" cognitive hierarchy and predict precise fx of time pressure
papers.ssrn.com/sol3/papers.…
Amos Nadler retweeted
Interesting new paper on the zero bias
academic.oup.com/jcr/article… It's a great read for everyone, but especially valuable if you are planning your retirement and were born in years ending between number eight and two...
Amos Nadler retweeted
Do high economic stakes eliminate cognitive biases? Nope. New from @nberpubs @R_Thaler @SibOliv #PaperOfTheMonth
nber.org/papers/w28650
Amos Nadler retweeted
Forthcoming soon: Daniel @Columbia_Biz, Garlappi @UBCSauderSchool, and @kairong_xiao @Columbia_Biz show that lower interest rates raise individual investor demand for high-dividend stocks and high-yield bonds, and that this affects prices of these assets doi.org/10.1111/jofi.13004
Amos Nadler retweeted
Lots of places doing this. I hope they coordinate.
The Weizmann Institute has come out with an online tool that lets you identify any changes in your sense of smell; an early sign of COVID-19. It's at:
smelltracker.org
Amos Nadler retweeted
-Podcast-
Testosterone Impacts Men's Behavior - @ProfOfWallSt
- The Bull of Wall Street: Experimental Analysis of Testosterone and Asset Trading
- Single Dose Testosterone Administration Impairs Cognitive Reflection in Men Psychological Science
ameerapproved.libsyn.com/3-w…
Amos Nadler retweeted
Tues. @whartonknows on @BizRadio132 (10:30A ET):
New research involving @Wharton's Gideon Nave and @UofT's @ProfOfWallSt looks at whether testosterone plays a role in cognitive empathy for men.
Amos Nadler retweeted
Reminder about the Oregon Decision Neuroscience Symposium on April 19 in Eugene! Sign up by March 1! We have travel awards! Awesome #neuroeconomics line up that includes @knutson_brain @cendripetalfrce @hsu_ming @Psychologician ctn.uoregon.edu/oregon-decis… Please RT!
Amos Nadler retweeted
Over the period 2000-2014, the average minimum wage increase of $0.50 reduced the probability that criminal offenders return to prison within 1 year by 2.8%, from @amandayagan and @mikemakowsky nber.org/papers/w25116
Amos Nadler retweeted
How and when does #testosterone shape #consumers desire for #luxury products? We tackle this question in our @NatureComms paper rdcu.be/2oKT w. Gideon Nave Amos Nadler David Zava @CFCamerer & @HPlassmann lnkd.in/eCPaGBm
Amos Nadler retweeted
Good piece on why Econ 101 principles texts change so slowly and some new improvements. (Textbook change *much* more sluggish in econ than in psych, neuro imo)
behavioralscientist.org/free… via @behscientist
Amos Nadler retweeted
"The Seven Properties of Good (Economics) Models"by Gabaix and Laibson (cc @freakonometrics )
dash.harvard.edu/bitstream/h…
(spoiler: they don't rank these properties and hardly mention that there might be tradeoffs between some of them)
