Shengwu Li
@shengwuli.bsky.social
6K followers 650 following 1.4K posts
Econ prof at Harvard. (Mechanism design, market design, behavioral theory.) www.shengwu.li
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Reposted by Shengwu Li
bengolub.bsky.social
I've been working on a new tool, Refine, to make scholars more productive. If you're interested in being among the very first to try the beta, please read on.

Refine leverages the best current AI models to draw your attention to potential errors and clarity issues in research paper drafts.

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Reposted by Shengwu Li
khoavuumn.bsky.social
Using time series graphs to make causal claims be like
Reposted by Shengwu Li
shengwuli.bsky.social
This skeet is in celebration of 75 years of Nash equilibrium.
shengwuli.bsky.social
At least, we can make the following interesting statement about zero-sum games but not about general games: “if there are two players, then there is a Nash equilibrium in minimax strategies.”
shengwuli.bsky.social
Yes, and I have difficulty reconciling the (strong) reading of Itai’s statement with the intuition that the class of all zero-sum games includes the class of two-player zero-sum games, and those are special.
shengwuli.bsky.social
Reminder that N player zero-sum games can represent arbitrary (N-1) player games, by the use of a dummy player.
financialtimes.com
The New York mayoral candidate mistakenly believes the economy is a zero-sum game, writes Michael Strain of the American Enterprise Institute. https://on.ft.com/44IOZe2
Reposted by Shengwu Li
mclem.org
With rent control in the news, it’s a good moment to recall the research of @rebeccadiamond.bsky.social and co-authors.

They show that strict rent control in San Francisco reduced the availability of rental housing, eventually *raising* rental costs.
doi.org/10.1257/aer....
Reposted by Shengwu Li
alroth.bsky.social
Evicting NSF from their building in Washington is pretty revealing. But if they auction off its History Wall, I know which tile I’d bid on. Here’s the list to choose from…
marketdesigner.blogspot.com/2025/06/evic...
Evicting Science from D.C.: the NSF building and it's History Wall
marketdesigner.blogspot.com
Reposted by Shengwu Li
Reposted by Shengwu Li
shengwuli.bsky.social
What is common knowledge in your field, but shocks outsiders?

If two people have the same priors, and their posteriors for an event A are common knowledge, then those posteriors are equal.
encephalophagy.bsky.social
What is common knowledge in your field, but shocks outsiders?

I'll start: Amazon makes more money out of their Cloud services than out of their e-commerce platform.
Reposted by Shengwu Li
joshua-goodman.com
Re-upping my advice about how to write a good title and abstract for an academic paper, appropriately called:

"How to Write a Title and Abstract"

Feel free to share this thread, which will focus on titles.

#EconSky #AcademicSky
shengwuli.bsky.social
Jason Hartline likes cocktails with lemon juice.
shengwuli.bsky.social
I have exactly one paper that uses “unique”, and every use is in the mathematical sense.

Probably I overuse semicolons.
Reposted by Shengwu Li
joelvdweele.bsky.social
New working paper alert: we provide a model of post-hoc rationalizations, driven by motives of (self-)esteem. We show how this can lead to groupthink, polarization, and a preference for echo chambers.

www.ifo.de/sites/defaul...
shengwuli.bsky.social
Look, if the WSJ could cluster their standard errors then all would be right in the world.
shengwuli.bsky.social
While we’re at it, can we have a ruling that the press can’t take a correlational study and assert causation by innuendo?
shengwuli.bsky.social
For what it’s worth, as a reader I’d really appreciate knowing how much was disclosed to the editorial team.

And it would give authors incentives to push for more transparency where feasible.
shengwuli.bsky.social
Thank you for shedding light on this!

Is there any way to know, by reading the published paper, whether the identity of the data source was available to the editors?
Reposted by Shengwu Li
aeadata.bsky.social
Our policy is already too long to cover all possible scenarios, I am told (repeatedly...), but it is very clear "access to the data and code is nonexclusive to the authors" in line 1 ... www.aeaweb.org/journals/dat... Need an exception? See line 3, and a discussion w/ editor + me ensues.
Data and Code Availability Policy
www.aeaweb.org
shengwuli.bsky.social
Thank you for doing this! (Is this policy public? It would be great if it were common knowledge.)
shengwuli.bsky.social
A sensible implementation would involve the editor contacting the company directly.