Basil Halperin
@basilhalperin.com
2.9K followers 860 following 63 posts
Assistant professor of economics @ UVA basilhalperin.com
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For more, check out the website: stripe.events/fellowship

We invite graduate students and early-career researchers who are interested in studying the economics of AI to apply – ***regardless of prior experience working on the topic*** #econsky
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I very much wish to thank Patrick Collison, Emily Glassberg Sands, and the team at Stripe for their generous support of this initiative – I am honored to be a part of it
basilhalperin.com
We welcome researchers interested in any aspect of the economics of AI, broadly defined. We are particularly interested in research that:
1. is focused on the economics of *transformative* AI
2. is forward-looking
3. is expected to be of durable importance, and
4. moves fast :)
basilhalperin.com
What you’ll get:
– $10k, and you should ask for more if you have a reason
– a conference in SF in a few months with senior economists and AI developers
– opportunity to access Stripe data and/or work with its customers
– a community of fellow nerds
basilhalperin.com
Introducing the Stripe Economics of AI Fellowship:

The economics of AI remains surprisingly understudied. The fellowship aims to help fill that gap, by supporting grad students and early-career researchers with $, data, a conference, and community –
Reposted by Basil Halperin
andreyfradkin.bsky.social
In the latest episode of our podcast, Justified Posteriors, we discuss whether interest rates should rise in anticipation of AGI (as predicted by @basilhalperin.com). Our priors are quite different! Do check it out.

empiricrafting.substack.com/p/if-the-rob...
If the Robots Are Coming, Why Aren't Interest Rates Higher?
Transformative AI, Existential Risk, and Real Interest Rates
empiricrafting.substack.com
basilhalperin.com
(thanks for these great posts!)
basilhalperin.com
Anyway Tom’s post is very poetic and deeply resonant personally with my own experience pushing Greek letters around, check it out
basilhalperin.com
“When I’m trying to concentrate on something my weasel thinks of something I could order on Amazon.”

During the worst periods of modeling ( = early in a project) I have to block everything – not just the news or the blogs or the obvious stuff, but Amazon, Instacart, Wikipedia...
basilhalperin.com
“On a good day it’s like swimming in cold water. I don’t want to get in but once I’m in I don’t want to get out.”
basilhalperin.com
“If it’s writing or programming I can just bring up a window and type away. If it’s deriving things then my mind is constantly drifting”

[more I would say about this^ offline]
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Tom relatedly talks about a jungle metaphor: “When you’re programming you get incremental feedback: you can see the mountain peak and you’re slowly getting closer to it. With proofs you’re going through the jungle and you don’t know if you’re getting closer or farther away...”
basilhalperin.com
You might be trying to explore an infinite, pitch black space of zero value…
…or the light switch might be 1 foot in front of your face.

It’s so hard to tell! The cold uncaring uncertainty is what drives you [rather, me] mad
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- …or maybe you even find a wall, but you feel and feel over the wall, you haven't found a light switch yet, you don't know if you should keep searching here or go try to find another wall
- …or there may be no walls, no light switches in ANY direction!
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- but the nearest wall might not be in that direction
- …or there might not be any wall in that direction, you may be stumbling into nothingness, forever
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Doing theory research is like:
- being in a dark room trying to find a light switch
- sticking out your hand, hoping to bump into a wall first, to then grope towards a light switch
- and not knowing which direction to walk to find the nearest wall – randomly picking a direction…
basilhalperin.com
Funnily enough, the metaphor I’ve always felt for the process of doing theory is also about a dark room, but somewhat different:
basilhalperin.com
The best piece I've read on “what it feels like from the inside” to do theory research:

“Like going through a room in the dark grasping for a door handle.”
A new post: On Deriving Things

(about the time spent back and forth between clipboard whiteboard blackboard & keyboard)

tecunningham.github.io/posts/2020-1...
basilhalperin.com
Trump tariff proposal reportedly reduced to only cover “critical” security imports — Leopold Aschenbrenner has an old, interesting alternative to these tariffs:

Minimal *quotas* for critical goods — idea being Weitzman/Hayek meets geoeconomics:
www.forourposterity.com/the-economic...
basilhalperin.com
won't someone think of the predoc wages 😞
basilhalperin.com
Tbf econ has gone pretty far in this direction already
basilhalperin.com
I like the optimism but — meetings/emails/grants, famously the parts of the job that profs love the most!
basilhalperin.com
Soo no discussion of this Tyler post on “The future of the scientist in a world with advanced AI” because it’s too depressing or?

“The humans will gather the data” 😬
basilhalperin.com
If only there had been an untweeted control session 😩
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basilhalperin.com
need an RCT to know whether tweeting about an AEA session actually increases attendance:

***Policy implications of transformative AI*** -- for those interested in AI, policy, or their intersection... tomorrow at 2:30!