
AP in Econ at @USCDornsife. I do Information Economics & more. Best friend of Spinoza (Nosik) Petrov-Libgober.
Los Angeles, CA
Joined September 2016
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New paper!!!
How does complexity relate to organization design?
And what does the answer say about how organizational hierarchy might change with new technologies like AI?
Thread below. If you don't have time for that, the picture basically summarizes the main idea.
Jonathan Libgober (same handle on other places) retweeted
תמר בדרך כלל צודקת, אבל היום במיוחד: מנסור עבאס בממשלה הוא לא צפרדע לבלוע, אלא יתרון חשוב לישראל במציאות של אחרי הצונאמי הכחול.
נתניהו צודק, שיכנסו
ynet.co.il/news/article/s1uo…
I agree it's naive to think that all of a sudden people will change their tune about Israel overnight.
At the same time, without having salient things to be mad at Israel about--i.e., $$ and Bibi--over time, people who keep ranting will gradually become more coded as unhinged.
For years, the Israel haters have insisted that the reason they obsess over Israel is not that they're antisemitic -- it's not that they have a weird obsession with the Jews. No, it's U.S. aid. "We're paying for the genocide!" was the platitude, one that twisted the meaning of "genocide" into oblivion and never bothered to ask what, exactly, the United States gets in return for its investment.
On top of that, the Israel haters have made it clear they have a special animus for Benjamin Netanyahu. New York City's mayor, for example, told us he'd have him arrested if the prime minister stepped foot in the city.
So, presumably, the end of U.S. aid to Israel and Israel's recent election (throwing into doubt Bibi's premiership) should lead to a rethinking about the Jewish state. Perhaps now there can be a new omnicause, a new "intersectional villain," as Haviv Rettig Gur has put it.
Of course, that won't happen. The Jewish state -- and we should call Israel the Jewish state, because that is, after all, why we talk about it so much -- will remain the redoubt and purveyor of all that is evil. At least, to those who hate Jews. This is a hate that is remarkably resilient, virus-like, always morphing into new iterations and pseudo-arguments, always camouflaging itself.
Soon, there will be a new pseudo-argument. We will be given a new rationalization for hating Israel -- *a* reason but not *the* reason. The Jew haters are loathe to admit that they simply hate Jews, that they are a cliché, that they are doing what countless losers, ideologues, opportunists and sociopaths have done since time immemorial. But that doesn't mean they're right.
Beware the next pseudo-argument.
Jonathan Libgober (same handle on other places) retweeted
Criticism of Israel’s government isn’t automatically antisemitism, but organizing a large group of people to travel to Jewish-owned businesses to attempt to force them out of business and out of the city on the eve of the anniversary of Kristallnacht definitely is.
bit.ly/4A4zfik
Jonathan Libgober (same handle on other places) retweeted
The @HarrisPolicy School at UChicago is searching for an assistant professor in energy and environmental economics and policy. All are welcome to apply at apply.interfolio.com/195459
EOE/Vet/Disability
This paper is awesome
I’m on the 2026–27 economics job market, studying how clean energy policy can get the level of investment right, and still leave unrealized benefits by getting the location wrong. 1/5
#EconJobMarket #EnergyEconomics #EnvironmentalEconomics #AppliedMicroeconomics #CleanEnergy
Jonathan Libgober (same handle on other places) retweeted
We're hiring! Please send us your best rookie JMCs
Full-consideration date: November 21. JOE link below
Jonathan Libgober (same handle on other places) retweeted
What monetary policy maximizes efficiency—the joint surplus of all households—in heterogeneous-agent New Keynesian economies (HANK)? In a canonical HANK model, the answer is the same policy as in RANK. Read on for why (1/9) nber.org/papers/w35967
Jonathan Libgober (same handle on other places) retweeted
Replying to @johannesmboehm
@johannesmboehm and Chaney combine data on half a million ancient coins with a model of trade and money to reconstruct trade and consumption from AD 325 to 950. The estimates show economic activity shifting away from the Mediterranean from the 6th century.
econometricsociety.org/publi…
His closing message is "I didn't harass the people who didn't pay, the collection agency I sold their debt to did"?
Did I get that right?
With 3 days left to #ElectionDay, here’s part of the closing argument from @RogerMarshallMD.
#kansassenate
Jonathan Libgober (same handle on other places) retweeted
Jim was my advisor in graduate school. I came in with a notebook of completely insane ideas, and he sat there patiently week after week helping me turn at least some of them into actual economics.
I learned so much from him intellectually. But even more so, I learned from him how to teach, how to be mentor, how to sit there, week after week listening to crazy ideas and getting excited about them along with the students. I've missed him since leaving graduate school, and I will miss him even more now that I can't see him again.
Thank you Jim, for all you've done for me, and for all the others you've touched with your brilliance and kindness.
Today I mourn the loss of a great person and economist. Jim Andreoni has been a friend and mentor since the early 1990s. Jim was a Wisconsin kid through and through. Big heart, always friendly and wise, and one of the most caring people you will ever meet.
Professionally, Jim inspired us all across areas as diverse as charitable giving and GARP. At one point I was introducing Jim for a keynote and I simply pulled out my most recent working paper and showed the first page of the references. It was all Andreoni references. There was no more to say. We lost an intellectual giant today but more importantly we lost a great human being.
Jim, we will miss you deeply my friend.
Cool ideas about how AI will change organizations. Will take a look.
I talked a bit about AI and organizations in my organization design paper, but maybe I should do it more....
But interesting predictions about how firm size might change, which I had nothing to say about.
I joined @GoogleDeepMind to develop a research program on the economics of AGI. Today, together with Andrew Koh (@andrewjkoh) and Shane Legg (@ShaneLegg), we are incredibly excited to release The Economics of Intelligence, the first in a series of projects from our group on how AGI will change the economy.
How do capability improvements transform the economy, and when? In this project, we define thresholds of economic capabilities, e.g., minimal AGI, based on how they transform the economy. We then track how the economy–market structure, employment, and wages–changes during the transition across capability regimes.
We have seen exponential increases in what AI agents can do but the broader economy seems almost remarkably unchanged. Part of the reason is that the solo AI agent is the wrong economic object; economic transformation is an equilibrium outcome where organizations compete. Looking at how intelligence functions within organizations, transformation will depend on when two key capability thresholds are crossed: competence (gains on individual skills, e.g., coding, math) and coordination (gains on ability of agents to cooperate and work together).
We show that what economic transformation looks like depends on whether AI becomes supercompetent, supercooperative, or both—the regime of artificial superintelligence (ASI). Tracking this transition shows why the real visible transformation may come from improvements in coordination—a capability most benchmarks don’t yet track. Past a certain threshold, AI capabilities can break the Coasian ceiling on firm size and lead to an economy that looks drastically different than the one we see today.
Two main takeaways:
1. To understand the path of transformation, we should be tracking agentic coordination more closely.
2. The impact of AI will likely show up in wages before market structure or employment.
We are really excited about this paper. Excited to hear people’s thoughts.
Link: institute.deepmind.com/essay…
Jonathan Libgober (same handle on other places) retweeted
Special issue of Experimental Economics Games: Experiments and Behavioral Theory
Submissions open on November 15 and papers will be accepted on a rolling basis. Submissions close on June 30, 2027.
tinyurl.com/3e28dp53
Jonathan Libgober (same handle on other places) retweeted
Forthcoming in AER: Insights: "Complementary Climate Policies for Supply and Demand" by Geir B. Asheim and Bård Harstad. aeaweb.org/articles?id=10.12…
Jonathan Libgober (same handle on other places) retweeted
An expert typically knows much more than a decision maker. Aybas & Callander show that the complexity of the environment matters to cheap talk: an expert can hold power and communicate precisely, in contrast to simple environments econometricsociety.org/publi…
Jonathan Libgober (same handle on other places) retweeted
Leah Hunt, a @PennStateEcon student on the job market has written a really lovely paper on diversity and merit.
Even if non-merit considerations convey no info about merit, using them in hiring can improve the average merit of hired workers.
The argument is new & yet ECON 101
Jonathan Libgober (same handle on other places) retweeted
Good managers are matched with bad workers to ensure all production lines meet deadlines with important buyers. In the September issue, by Achyuta Adhvaryu @achadhvaryu Vittorio Bassi @bassi_vittorio Anant Nyshadham @AnantNyshadham and Jorge Tamayo zurl.co/jfBTB
I feel like Grok's writing is aesthetically the most AI-ish but also the kind I most prefer. So predictable and structured, I know exactly what I'm going to get. Dependable.
Claude/ChatGPT's writing feels like it's more trying to fool me. Unnatural but harder to pinpoint.
Managerial misperceptions and heuristics lead to inefficient contract design, reducing firm performance by over 55 percent and challenging key assumptions of optimal contracting, from @fannan2316 and Collin B. Raymond nber.org/papers/w35788
Jonathan Libgober (same handle on other places) retweeted
Can AI conduct qualitative interviews with thousands of people? In a new REStud paper, Friedrich Geiecke and @XJaravel develop an open-source approach that combines the depth of qualitative interviews with the scale of surveys.
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