Paul Goldsmith-Pinkham
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paulgp.com
Paul Goldsmith-Pinkham
@paulgp.com
Yale SOM professor & Bulls fan. I study consumer finance, and econometrics is a big part of my research identity. He/him/his
Really? You don't think any of the other tools are useful? Or just not "a lot"
December 2, 2025 at 8:28 PM
True, but I know folks who use Claude Code w/o any MCPs and they're leaving a lot on the table.
December 2, 2025 at 8:23 PM
Love this. Kid is going places
December 1, 2025 at 11:56 PM
faculty.wcas.northwestern.edu/gep575/Bayes... I think you can only get something close to the LM tests, AR isn't possible
faculty.wcas.northwestern.edu
December 1, 2025 at 6:44 PM
I would just hedge my bets everywhere and invoke Bernstein-von mises
December 1, 2025 at 5:35 PM
🤣
December 1, 2025 at 5:19 PM
Reposted by Paul Goldsmith-Pinkham
We first note that hand-wringing about the decline in US college enrollments has mistakenly linked such declines to the price of four-year colleges.

But the decline is entirely driven by two-year community colleges (and by for-profit colleges). The four-year sector is the dog that didn't bark.
December 1, 2025 at 1:34 PM
Yeah, I guess then it's relative -- now the more scarce thing would be a handmade x or y since time is one of the more scarce inputs.

Or, for example, learning how to build something to make a gift for someone.

Or, learning a language/trick to amaze someone
November 30, 2025 at 7:08 PM
I think the usual econ argument about this relates to the modern trade view -- abundance through the multitude of trade allows for more kinds of magic to manifest.
November 30, 2025 at 6:30 PM
Reposted by Paul Goldsmith-Pinkham
idk not to mention how very nuanced and normal the actual response here was
November 29, 2025 at 3:45 PM
And I read (and did!) plenty of Bayesian estimation stuff from Imbens, so I think more of the guilt lies with the practitioners than the econometricians
November 29, 2025 at 4:03 PM