Emre Ozdenoren
@emreozdenoren.bsky.social
760 followers 290 following 160 posts
Professor at LBS, Fulham fan 🤍🖤, Padel enthusiast, sourdough baker
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emreozdenoren.bsky.social
I have a very funny joke about convex preferences. I made it up by combining two less funny jokes.
emreozdenoren.bsky.social
The interesting thing is not that the 20% probability event occurred but that the probabilities did not continuously converge to the correct outcome. Until the last second market was not only putting strictly positive probability on the wrong outcome, this probability was 60%!
emreozdenoren.bsky.social
I thought it meant passing up the three point shot.
jcsalterego.bsky.social
trespassing, which means very passing in french,
Reposted by Emre Ozdenoren
infotainment.bsky.social
Papers might as well declare "Data available upon victory in a duel."
emreozdenoren.bsky.social
This recent fraud case is also a cautionary tale for any research based on proprietary data source.
Reposted by Emre Ozdenoren
Reposted by Emre Ozdenoren
helene-rey.bsky.social
The old global economic order is dead
Reposted by Emre Ozdenoren
vset.bsky.social
Get ready for tomorrow's talk:
vset.bsky.social
On 8 May 2025, our next speaker, Markus Brunnermeier (@princetonecon.bsky.social), will present "Strategic Money with Credit Ledgers" (joint with Jonathan Payne). Guest Panellists: Emre Ozdenoren and Daniel Sanches. @emreozdenoren.bsky.social
emreozdenoren.bsky.social
Sad news. I overlapped with Pat for a year at Michigan. He managed to supervise PhD students during his short time there and made an impact.
emreozdenoren.bsky.social
The upcoming crisis is so needlessly self inflicted. You cannot replace actual experts with pseudo-experts and believe that nothing will go wrong. Would you accept medical treatment from your barber however good he or she is at cutting your hair?
Reposted by Emre Ozdenoren
emreozdenoren.bsky.social
Soon we will discover that markets don’t care about demagoguery on podcasts by know it alls.
emreozdenoren.bsky.social
To be fair (and I have no idea who he is) he is not asking what comparative advantage is. He is asking why it would lead to trade deficit which seems to be a fair question.
emreozdenoren.bsky.social
All that will happen is that consumers will experience higher prices and/or lower quality products.
emreozdenoren.bsky.social
It will take a long time for the industries to recover if at all, and if they do they will most likely still be not competitive since whatever the underlying structural reasons that they failed in the first place will still be there.
emreozdenoren.bsky.social
The most difficult part of moving from a protectionist trade environment to one without trade barriers is the transition where industries that can’t compete lay off workers. But once that transition is complete, going back to protectionism won’t bring those jobs back.
emreozdenoren.bsky.social
You are paternalistic by default not by choice.
emreozdenoren.bsky.social
Watch out. There is a new tariff in town.
emreozdenoren.bsky.social
There is a world of difference between finite, countable infinite and continuum. If you don’t believe me ask Cantor.
emreozdenoren.bsky.social
Boeing and Intel each had one major competitor (AirBus and TSMC). They are both losing market share to competition. And it has little to do with trade barriers. Instead of focusing on tariffs, government should ask why these big manufacturers are losing out to competitors.
emreozdenoren.bsky.social
It was joke playing on the fact that the post is about worrying about worrying.
emreozdenoren.bsky.social
Technically it can be true. Just means outflows of immigrants.
emreozdenoren.bsky.social
It seems to me that you are over-worrying about over-worriers.
emreozdenoren.bsky.social
Presidential pardons seem to be a questionable part of the US constitution. It is a reminder that constitution is a document written by humans under the constraints of its day.
emreozdenoren.bsky.social
I also put algebra there that I don't want to delete (in case I want to recall my steps) but I don't want others to see.
emreozdenoren.bsky.social
What they are doing is something like seeing that your kitchen tap is dripping and cutting off water from the whole house and blowing up your kitchen. Obviously every large and complex enough system has inefficiencies but the way to correct them is not to destroy the entire system.