As usual, 3Blue1Brown does a fantastic job stepping through the basics of (parts of) the GPT algorithm. One of the best introductions to the idea of embeddings that I’ve seen
youtu.be/wjZofJX0v4M?si…

10 Great Papers to Expand Your Econ Frameworks
1) Rational Fools - Amartya Sen
Sen at his best, engaging with Econ models whilst having a strong philosophical background. This paper presents insightful challenges to revealed preference theory.
jstor.org/stable/2264946

So I finished this beautifully written book by François Fleuret, highly recommend, like you wouldn't believe this, but if you know some statistics you can skim the whole thing and get a (obviously incomplete) very rough shape understanding of how all this works in like an hour

Sam Bowles was a 28 year old Harvard assistant professor of economics at Harvard when he taught a course on his specialty, the economics of educational planning. The reading list for this 2nd semester course in 1967-68 has been transcribed. irwincollier.com/harvard-readin…

This course looks really good and everyone in Econ and finance should read through it, even if you’re a solid programmer

Entrepreneurship PhD students: apply for the 2024 NBER Entrepreneurship Research Boot Camp (week of July 15th).

My student experience 10+(!) years ago was instrumental to my career. Thanks to @NBER and David Robinson for keeping it going.

conference.nber.org/confsubmit/bac…

10 Great Economic History Books
1) The Economic Consequences of the US Mobilisation for the Second World War - Alexander J Field
A fantastic recent work reassessing the long run growth effects of WW2 on the USA. Interesting implications for growth theory and TFP calculations.

Announcing a short course! ifp.org/economics-of-i…

Pierre Azoulay (Pierre Azoulay)
Matt Clancy (@mattsclancy)
Janet Freilich
Ina Ganguli (@inaganguli)
Ben Jones (@bfjo)
Chad Jones (@ChadJonesEcon)
Kyle Myers (@KRoyMyers)
John Van Reenen (@johnvanreenen)
+ me (@heidilwilliams_)

Implications of recent advances in machine learning for causal effects, including methods to adjust for differences between treated and control units in high-dimensional settings, and methods for identifying and estimating heterogenous treatment effects: aeaweb.org/articles?id=10…

Ellen Xiyue Li B-School Silvia Dalla Fontana USI University SFI Yingxiang Li UBC Sauder School Xiameng Hua UC San Diego Caroline Genc (@caroline_genc, Université Paris Dauphine - PSL) studies entrepreneurial and behavioral finance. Her JMP shows that past failure does not impact serial entrepreneurs' edge over 1st-timers. 🔗 carolinegenc.com
x.com/caroline_genc/…

Ellen Xiyue Li B-School Silvia Dalla Fontana USI University SFI Yingxiang Li UBC Sauder School Xiameng Hua (@XiamengHua, UC San Diego) studies contract theory and entrepreneurial finance. Her JMP applies matching and information theory to study the role of VC's reputation startup investment+hiring. 🔗 xiamenghua.com
x.com/XiamengHua/sta…

Ellen Xiyue Li B-School Silvia Dalla Fontana USI University SFI Yingxiang Li (@YingxiangLi, UBC Sauder School) studies financial intermediation, PE, and entrepreneurial finance. His JMP investigates the implications of heterogeneous investors on investment and returns in PE markets. 🔗 yingxiang-li.com
x.com/YingxiangLi/st…

Ellen Xiyue Li B-School Silvia Dalla Fontana (@silviadieffe USI University SFI) studies entrepreneurial finance. Her JMP explores VCs' specialization as a potential mechanism for the recent decline in non-software investments. 🔗 silviadallafontana.com
x.com/silviadieffe/s…

Ellen Xiyue Li (@UBCSauder) studies entrepreneurial finance and corporate innovation. Her JMP shows startups may strategically select projects to align with potential VC expertise to lower information frictions. 🔗ellenxiyueli.com
x.com/EllenXiyueLi/s…

I am excited to highlight 5 entrepreneurial finance+innovation job candidates from the WEFI Fellows (workshop-efi.com/wefi-fellows/). The students (+7 others) have met bi-weekly over the last year+ to discuss research, practice talks, and provide each other feedback. 🧵Check them out:

Ricardo Caballero and I have written a review article on interactions between central banks and stock markets for the Annual Review of Financial Economics

Review of the evidence and our previous theoretical work capturing these interactions
Annual Reviews
dropbox.com/scl/fi/h1z978n…

Congratulations to all the awardees, and particularly my dear coauthor and friend Ernest Liu, well deserved!

A year ago, I posted some images that I created with DALLE 2 to illustrate some of my research papers.

I recently began playing around with DALLE 3… and it blew my mind. Thus, I decided to do a part 2.

My favorite creations below 👇

#EconTwitter

We've released the raw purchase price allocation (PPA) data from our paper 'Measuring Intangible Capital with Market Prices.'

The data reveals acquired intangible and tangible asset values from public firm acquisitions

github.com/michaelewens/P…

Paper: osf.io/preprints/soca…

'Financially constrained firms tend to front-load their revenue by selling data, which can have negative consequences for consumers in the long run.'

More from Ernest Liu, Song Ma, and Laura Veldkamp: bit.ly/3ZTf3ip