Europe is the only region that is slightly up from last year on EJM econjobmarket.org/marketState

I did the thing you are never supposed to do. I wrote a (rough draft of a) textbook: Theories of Rational Decision

It's technical, but from a philosophical perspective. It focuses on the normative theory but touches on some behavioral issues as well.

raw.githubusercontent.com/kzollman/Rat...

It's what's known as a DOS attack - denial-of-simplicity-and-strength attack. To inhibit capacity for abstraction, creativity and useful theory. @kjhealy.co
kieranhealy.org/files/papers...

Here's a link to @economeager.bsky.social blog, which you obvs should also read: rottenandgood.substack.com/p/taking-our...

This should make us a bit humble when studying how people update in settings where "easy" closed-form solutions exist.

More than history, the book has deep philosophical debates about the the tools that researchers use everyday.

One more curious lesson was that, in Bayes' original article on his theorem, he discusses how to infer P(heads) from tossing a coin n times. Today, we know that the unif. prior solution is (m+1)/(n+1), where m= # heads. But Bayes didn't. He couldn't solve the integral! Laplace did this later.

Picked this up thanks to @economeager.bsky.social's blog. Highly ecommended if you're into decision theory or stats.

🎬 INSIGHTS Video: Narrative Persuasion 🌍
How do narratives shape economic decision-making? 💡 In our interview, @kaibarron.bsky.social (@wzb.bsky.social b.bsky.social) discusses how narratives influence investors' interpretations of objective information. Watch here 👉 www.youtube.com/watch?v=uowZ...