joshgans.bsky.social
Joshua Gans
@joshgans.bsky.social
4K followers 210 following 640 posts
Professor at University of Toronto
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 9h
Not in your interest given Peter theil and the treas sec
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 9h
I don’t think this has anything to do with gay at all Rafe.
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 1d
All leading bookstores in December. Also I think chapter by chapter will be open access at MIT Press.
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 1d
It has arrived. Out in December. Cover by me with ChatGPT assistance.
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 6d
This is one of the features we are most excited about. Took a year of development but it is the foundation for winning students back from ChatGPT to learning again. Take a look. Available to institutional subscribers right now.
alldayta.bsky.social
All Day TA @alldayta.bsky.social · 6d
Introducing Intelligent Quiz

AI-generated quizzes based on your exact course content that help students figure out their mistakes in real time.

Learn more at: alldayta.com/intelligent-quiz
Images of the new product feature, showing a sample question answered incorrectly and the AI Assistant prompting the student to work through their thinking.
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 8d
So I tried it out now on Laffont, Rey and Tirole (RJE, 1998b) which has a (big) error in Prop 5. Gemini found it, doubted itself and when I pushed confirmed it. Claude missed it but found it when I asked. Gpt-5-pro failed even when asked specifically.
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 8d
Back in graduate school, Paul Milgrom asked me to examine a published paper from 1984 by another person that he suspected had an incorrect proof. I found the error. I decided to see if LLMs could. Only Gemini 2.5 Pro did so. Claude Opus and GPT-5-pro found no significant errors.
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 8d
The videos from the NBER Economics of Transformative AI conference are well worth your time. www.nber.org/conferences/...
Economics of Transformative AI Workshop, Fall 2025
www.nber.org
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 8d
Talk on my latest paper with Ajay Agrawal and Avi Goldfarb, "Genius on Demand" youtu.be/by7k-H7sZ8A?...
2025, Economics of Transformative AI Workshop, "Genius on Demand: The Value of Transformative..."
YouTube video by NBER
youtu.be
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 12d
The radiologists are doing well. My latest. open.substack.com/pub/joshuaga...
Radiologists are the canaries in a coal mine
... because they are thriving
open.substack.com
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 13d
Was the War on Tylenol in Tim Snyder's book?
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Reposted by Joshua Gans
clanicholson.bsky.social
Craig Nicholson @clanicholson.bsky.social · 13d
Free-to-read opinion: Rather than replacing traditional research approaches, AI can serve as an additional pathway for knowledge translation and application, writes @joshgans.bsky.social

www.researchprofessionalnews.com/rr-news-euro...
If you want impact, tailor your research for AI - Research Professional News
The future of science will involve integrating established practices with machine intelligence, says Joshua Gans
www.researchprofessionalnews.com
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 15d
I am not sure about a Nobel prize list contender argument that includes Aidan Toner-Rodgers is worth taking seriously. nicholasdecker.substack.com/p/berry-haus...
Berry-Hausman-Pakes Should Win the Nobel Prize
A prize for revolutionizing industrial organization
nicholasdecker.substack.com
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 16d
What I show however is that the Rajan result can be recovered more straightforwardly. It arises in the usual property rights theory of the firm when employees have non-contractible actions and when standardisation makes employees replaceable too.
joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 16d
Rajan didn’t actually get anything wrong. That same effect is implicit in his address but he worked hard to get his narrative. So hard in fact that his narrative was that this effect was countered by early employees vying for succession.
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Joshua Gans @joshgans.bsky.social · 16d
The paper focusses on that standardisation choice made by the founder. It shows that founders will not choose to make themselves replaceable because the returns from higher exit value are less than what they would receive for their on-going role. That explains Meta, Oracle and co
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 16d
My recent paper on “Endogenous Firm Ownership” however suggested that firms will be founded by people who had a long-term role in the firm — i.e., were not easily replaceable. How to reconcile this with Rajan is what this paper is about.
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 16d
Rajan in his 2012 AFA Presidential address said that entrepreneurial firms needed to undergo two transformations. They need to differentiate to create value and they needed to standardise to limit the hold-up power of the founder themselves.
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 16d
I have a new paper out this week “When Will Entrepreneurs Choose to Make Themselves Replaceable?” A thread. www.nber.org/papers/w34271
When Will Entrepreneurs Choose to Make Themselves Replaceable?
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
www.nber.org
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 17d
I think simple economics tells us that superintelligent AI is not going to be threatened by us. open.substack.com/pub/joshuaga...
I think we will be OK ...
from AI deciding to kill us that is
open.substack.com
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 17d
At a conference in the US last week I was constantly trying to explain how the refusal to buy US products is running deep.
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Joshua Gans @joshgans.bsky.social · 19d
So a recession.
atrupar.com
Aaron Rupar @atrupar.com · 19d
Fed Gov Stephen Miran: "If you close that border and you have negative net migration - & there's been reports thus far that 1.5 million migrants have left the US just in the first half of the year -- that's gonna have a very disinflationary effect. And so I'm expecting quite a lot of disinflation."
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 22d
This does not look good.
richardtol.bsky.social
Professor Dr Richard S.J. Tol FREcon MAE @richardtol.bsky.social · 23d
All is not well at Elsevier richardtol.substack.com/p/fraud-and-...
Fraud and cover-up
Fraud and cover-up
richardtol.substack.com
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 23d
Should the US be just executing people without a trial? Seems like a really bad thing.
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joshgans.bsky.social
Joshua Gans @joshgans.bsky.social · 23d
Larry Ellison, the founder of Oracle is 81 and still its CTO. Something “predicted” by my latest paper. www.nber.org/papers/w34187
Endogenous Firm Ownership in General Equilibrium
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
www.nber.org
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