The welfare contributions of new goods and free goods are not well-measured in our current national accounts. We derive explicit terms for the contributions of these goods and introduce a new framework and metric, GDP-B which quantifies their benefits. We apply this framework to several empirical examples including Facebook and smartphone cameras and estimate their […] The post A new measurement for the value of free goods appeared first on Marginal REVOLUTION. Comments No AI posts, interesting links and papers – Tyler is on a roll by Alex Related Stories Model this, child care vs. college costs Sentences to ponder New results on AI and lawyer productivity
1. What explains the global Islamic revival? 2. Sofia Gubaidalina, RIP (NYT). 3. Europe’s oldest universities that are still open. 4. Civic Future Talent Programmes. 5. Do we need a more assertive Congress? 6. Ruxandra on fertility. The post Friday assorted links appeared first on Marginal REVOLUTION. Comments 1.) The promise of underage war brides? by Jimmy Rustler
It seems this ought to happen soon, though it is not (yet) a major news item. Iranian air defenses are severely disrupted, though not forever. The “Hezbollah counterattack” has been more than neutralized, and no alternative deterrent has been put in its place. That too may be temporary. Israeli public opinion is still close in […] The post When will Israel attack Iranian nuclear facilities? appeared first on Marginal REVOLUTION. Related Stories Chad fact of the day Germany fact of the day The election in Greenland
Despite arrests and legal aggression from the Greek Orthodox Church, the First Hellenic Polytheist Temple in 1700 Years is now open. Located near the village of Kalliani in the Peloponnese, in the wild mountains of Arcadia, Pan is once again being honored in his native lands. The Wild Hunt reported in Pagan Community Notes on February […] The post Ross Douthat, telephone! appeared first on Marginal REVOLUTION. Related Stories USA fact of the day
From Samuel Watling, in the new Works in Progress: By the early 1900s, Progress and Poverty was more popular than Shakespeare among Labour MPs. In 1910, the Liberal government of Henry Asquith implemented a tax on increases in land value and undeveloped land with a view to reforming Britain’s system of property taxes. Asquith’s gambit failed […] The post The failure of the land value tax appeared first on Marginal REVOLUTION. Comments Hey everyone, look at me, I read a lot of books and have ideas ... by V2 You suck just like your Nazi friend Thiel and the true Nazi ... by Chezzy
Sir Keir Starmer is abolishing NHS England as Labour embarks on the biggest reorganisation of the health service for more than a decade. The prime minister said that scrapping the arm’s-length body would bring “management of the NHS back into democratic control” and reduce spending on “two layers of bureaucracy”. He said the quango, responsible […] The post More British DOGE appeared first on Marginal REVOLUTION. Comments In reply to Naveen_K. Naveen: laments the decline of Britain ... by Zote In reply to Naveen_K. DOGE is a good idea, even if the ... by mento Cameron set up NHS England to facilitate privatisation of the ... by Philip Lingard Lol this isn't like DOGE at all as it isn't run by incompetent ... by Alex Good news ! Is that mimetic desire. ? I had to look up ... by mento The only conclusion I can come to from seeing Tyler repeat ... by Naveen_K Related Stories Germany fact of the day Visits to the Doctor, Per Year My Conversation with Carl Zimmer
Chad’s PM2.5 levels were more than 18 times higher than the WHO guideline, with mineral dust in the Sahara Desert as the primary source of air pollutants. Here is the full article, most of all noting that six of the world’s ten most polluted cities are in India. Via the excellent Samir Varma. The post Chad fact of the day appeared first on Marginal REVOLUTION. Related Stories Germany fact of the day The election in Greenland Model this, child care vs. college costs
1. SSC on Ozempic shortages and compounds. 2. Catherine Rampell joins MSNBC as host. 3. Saturn gains 128 new moons, bringing the total to 274 (NYT). 4. Nicholas Decker on Chad Jones. 5. “Dodge Charger owners are now experiencing an exciting new feature: pop-up ads that appear every time the vehicle stops at a light.” […] The post Thursday assorted links appeared first on Marginal REVOLUTION. Comments #7: They just need more Syrian doctors. They'll have to bring ... by Elad May I respectfully inquire into the conspicuous absence of ... by Noah Rules
Germany opened its doors a decade ago to nearly 1 million Syrians, taking in more than any other country in Europe. Today, some 6,000 Syrian doctors make up the single largest group of foreign-born physicians, filling vital gaps in care at hospitals and clinics from the Alps to the Baltic Sea. That is especially true […] The post Germany fact of the day appeared first on Marginal REVOLUTION. Related Stories The election in Greenland Visits to the Doctor, Per Year Kevin Drum, RIP
Claire Wang, Cambrige, Mass. whole brain emulation. Minji Kim, high school, Seoul, to build a running app. Collin Juurako, Vancouver, UBC, cryobiology. Stevie Miller, Carnegie Mellon, to write for Works in Progress, general career development. Ruhan Khanna and Louis Merriam, WDC Sidwell high school, to decipher the Indus script. Marwa Mattaii and Anush Mutyala, Vancouver […] The post Emergent Ventures winners, 41st cohort appeared first on Marginal REVOLUTION. Related Stories Model this, child care vs. college costs Visiting the New Jersey shore Games we played
Greenland’s centre-right opposition has won a surprise general election victory – in a vote dominated by independence and US President Donald Trump’s pledge to take over the semi-autonomous territory. The centre-right Demokraatit party – which favours a gradual approach to independence from Denmark – achieved around 30% of the vote, near-complete results show… Five of […] The post The election in Greenland appeared first on Marginal REVOLUTION. Related Stories Kevin Drum, RIP US AID, current status Redux, my 2021 Conversation with Mark Carney
1. Lydia Polgreen on Dubai and migration (NYT, a good series from her, ongoing). 2. Open Philanthrpy is starting an Abundance and Growth program. 3. New Will MacAskill project. 4. Co-Reader. 5. “One in four new recruits to the German armed forces drops out within six months of joining, according to the nation’s military watchdog […] The post Wednesday assorted links appeared first on Marginal REVOLUTION.
The number of times people visit the doctor per year varies tremendously across OECD countries from a low of 2.9 in Chile to a high of 17.5 (!) in Korea. I haven’t run the numbers officially but it doesn’t seem that there is much correlation with medical spending per capita or life expectancy. Data can […] The post Visits to the Doctor, Per Year appeared first on Marginal REVOLUTION. Comments For me, about 0.05-0.10 visits per year. Excluding taking ... by MP And you will probably find an even bigger spread within ... by Josef Related Stories Sentences to ponder Model this, child care vs. college costs The Curious Surge of Productivity in U.S. Restaurants
The cost of child care now exceeds the price of college tuition in 38 states and the District of Columbia, according to a new analysis conducted by the Economic Policy Institute. The left-leaning think tank, based in Washington, D.C., used 2023 federal and nonprofit data to compare the monthly cost of infant child care to […] The post Model this, child care vs. college costs appeared first on Marginal REVOLUTION. Related Stories Sentences to ponder Do female experts face an authority gap? Evidence from economics The Curious Surge of Productivity in U.S. Restaurants
We document that, after remaining almost constant for almost 30 years, real labor productivity at U.S. restaurants surged over 15% during the COVID pandemic. This surge has persisted even as many conditions have returned to pre-pandemic levels. Using mobile phone data tracking visits and spending at more than 100,000 individual limited service restaurants across the […] The post The Curious Surge of Productivity in U.S. Restaurants appeared first on Marginal REVOLUTION. Comments We document that, after remaining almost constant for almost ... by MikeP Take-out counters, but still with “click here to tip ... by gjk In reply to Reason. Lesser service also – many restaurants, ... by Rob I’ve seen people who get take out and then sit in their car ... by Sam It seems to me that prices in restaurants have risen ... by Rob Take out and lesser service. Turns out some/much of the pomp ... by Reason Related Stories Kevin Drum, RIP Sentences to ponder Redux, my 2021 Conversation with Mark Carney
Check it out here. The post Political markets in everything, Steak ‘n Shake edition appeared first on Marginal REVOLUTION. Comments In reply to Hobo Joe. Which is totally unhelpful, but would ... by Jared Those are some big portions. by Sashoir These days, I wake up with a powerful urge to scream at ... by Hobo Joe again X? But are you an investor? Put a print-screen by Ludwig The single apostrophe shouldn't be what annoys me most about ... by Mucho Maas
1. More on stablecoins going mainstream (FT). 2. Kevin Drum, one of the all-time great bloggers, RIP. 3. Bioethicists, on average, are worse than astrologers. Much worse. 4, Mark Carney wants to eliminate the consumer carbon tax and replace it with a carbon tax on imports? 5. Scott Sumner reviews George Selgin on the New […] The post Tuesday assorted links appeared first on Marginal REVOLUTION.
Kevin Drum was one of the OG bloggers. I never met him IRL but we know from Ibelin that that is no bar to being friends. One thing I learned from Ayn Rand is that virtue should be rewarded, not just sin punished. That’s one reason why we shouldn’t wait until someone has passed to […] The post Kevin Drum, RIP appeared first on Marginal REVOLUTION. Related Stories Redux, my 2021 Conversation with Mark Carney Sentences to ponder US AID, current status
The daughters of immigrants enjoy higher absolute mobility than daughters of locals in most destinations, while immigrant sons primarily enjoy this advantage in countries with long histories of immigration. That is from a new and very interesting paper by Leah Boustan, et.al. You have pondered the implied policy recommendations, right? The post Sentences to ponder appeared first on Marginal REVOLUTION. Related Stories The Role of Unrealized Gains and Borrowing in the Taxation of the Rich New results on AI and lawyer productivity Redux, my 2021 Conversation with Mark Carney
Did you know that the rest of the country (world?) calls it “the beach”? New Jerseyans call it “the shore.” (Why?) While growing up, my mother would take my sister and me to the New Jersey shore for a week, each summer. My father would drive down and visit, but he was too much of […] The post Visiting the New Jersey shore appeared first on Marginal REVOLUTION. Related Stories An Economic Approach to Homer’s Odyssey: Part III The Economist 1843 magazine does a profile of me 1969
be mebe Marginal Revolutiondaily links postedcommenters debating obscure economic theoriessomeone mentions Baumol’s cost diseasehalf the commenters triggered, half delightedTyler posts cryptic sentence about food trucks“markets in everything” intensifiesrealize you just spent two hours reading about medieval grain pricesmfw economics was the real marginal revolution all along The post GPT 4.5 on this blog appeared first on Marginal REVOLUTION. Comments In reply to Drew. Complaining about AI in the comments is the ... by New “first” Good self-awareness by Bill Anderson Posting something you had AI write for you is the new “your ... by Drew
1. A new and thorough Manus report. And Manus would be a huge liability risk in the United States. And yup. And double yup, when will the NYT cover Manus? And from the Manus founder. 2. Stephen Kotkin on Trump and Ukraine (New Yorker). So far one of the best pieces this year. 3. Greg […] The post Monday assorted links appeared first on Marginal REVOLUTION.
After a 6 week review we are officially cancelling 83% of the programs at USAID. The 5200 contracts that are now cancelled spent tens of billions of dollars in ways that did not serve, (and in some cases even harmed), the core national interests of the United States. In consultation with Congress, we intend for […] The post US AID, current status appeared first on Marginal REVOLUTION. Comments When do we get the list ? . I assume the vaccine programs and ... by mento And the constitutional basis for doing this is … what, ... by Kevin Will they ever publish the analysis that went into their six ... by Donkey USAID has garnered disproportionate attention. I’m more ... by Naveen_K Was everything prior to this “unofficial”? Will Musk ... by Leo Related Stories Redux, my 2021 Conversation with Mark Carney Will there be a British DOGE? The political economy of Manus AI
Yes, I will be doing a Conversation with him. Chris is a managing partner at Andreessen-Horowitz, and has recently published Read Write Own: Building the Next Era of the Internet. Here is Chris on Wikipedia. Here is Chris on Twitter. Chris has some writings on his home page. So what should I ask him? The post What should I ask Chris Dixon? appeared first on Marginal REVOLUTION. Related Stories An Economic Approach to Homer’s Odyssey: Part III How AI is changing and will change the world of writing Paul Millerd on AI and writing
Published by Liberty Fund, by me, here is the third and final installment. Excerpt: “Below is a brief and simplified catalog of the major polities described in The Odyssey: • Pylos and Sparta: Visited by Telemachus, superficially seem normal but they seem sadder on reflection and Sparta relies on intoxication to support public order. • Ogygia, or Calypso: An […] The post An Economic Approach to Homer’s Odyssey: Part III appeared first on Marginal REVOLUTION. Related Stories An Economic Approach to Homer’s Odyssey: Part II Boettke on the Socialist Calculation Debate My Conversation with Carl Zimmer
Here is the audio, video, and transcript. Excerpt: COWEN: You grew up in Northwest Territories and also Alberta, so western Canada. How do you think that’s shaped your perspective on economies? CARNEY: Well, the big thing I took from my time in Alberta is just, I mean, it made me a market believer because I’ll give you […] The post Redux, my 2021 Conversation with Mark Carney appeared first on Marginal REVOLUTION. Related Stories Tariffs do not in general help trade deficits Germany fact of the day Will there be a British DOGE?
Highly controversial plans to revolutionise Whitehall by introducing performance-related pay, an accelerated exit process for under-performing mandarins and more digitalisation will be announced this week in what ministers say is a programme to “reshape the state” so it can respond to a new “era of insecurity”. The proposed changes, to be announced by Cabinet Office […] The post Will there be a British DOGE? appeared first on Marginal REVOLUTION. Related Stories The political economy of Manus AI Solve for the equilibrium Tariffs do not in general help trade deficits
1. Ezra Klein essay, adapted from his Abundance book with Derek Thompson (NYT). 2. Ancient transport vehicles, without wheels, in New Mexico. 3. Was Victor Hugo also a great visual artist? (Times of London). Further links here. 4. It turns out Buffy Sainte-Marie isn’t even Canadian? 5. Is brick making a comeback in urban architecture? […] The post Sunday assorted links appeared first on Marginal REVOLUTION.
Early reports are pretty consistent, and they indicate that Manus agentic AI is for real, and ahead of its American counterparts. I also hear it is still glitchy Still, it is easy to imagine Chinese agentic AI “getting there” before the American product does. If so, what does that world look like? The cruder way […] The post The political economy of Manus AI appeared first on Marginal REVOLUTION. Related Stories Should OneQuadrillionOwls be worried? New results on AI and lawyer productivity What should I ask Jack Clark?
1. Salim Furth uses Deep Research. 2. Culture wars in New Zealand. 3. Gdp without g (Bloomberg). 4. “Surprisingly common trait in high agency people is they had heroes and figured out how to meet them all before age 25” Nabeel 5. “We find that Gun Sanctity is highly predictive of different forms of magical […] The post Saturday assorted links appeared first on Marginal REVOLUTION. Comments 6: It's absolutely delightful to have a POTUS who wants world ... by The Good Bill 5. MAGA by rayward
1. Manus. And more. And Chubby weighs in. Here is Rowan Cheung. Here is background information. This seems to be some kind of demo? Here is Manus on Twitter. Here is their website. What a day. The post Manus assorted links appeared first on Marginal REVOLUTION. Comments Rebrand it as ManUS, advertise it with photos of Donald the ... by dearieme
Yes I will be doing a Conversation with him. This is Jack Clark the co-founder of Anthropic, rather than Jack Clark the baseball player. For further background, here is his LinkedIn page. So what should I ask him? The post What should I ask Jack Clark? appeared first on Marginal REVOLUTION. Related Stories How AI is changing and will change the world of writing New results on AI and lawyer productivity The uneven spread of AI
Recent evidence indicates that the emergence of stone tool technology occurred before the appearance of the genus Homo1 and may potentially be traced back deep into the primate evolutionary line. Conversely, osseous technologies are apparently exclusive of later hominins from approximately 2 million years ago (Ma), whereas the earliest systematic production of bone tools is currently restricted […] The post Systematic bone tool production at 1.5 million years ago appeared first on Marginal REVOLUTION. Comments Again, do not forget Cowen’s 17th Law: “Most things have ... by MikeP From 2001 A Space Odyssey, because when you mix UFOs with AI, ... by Cue the music Related Stories Boettke on the Socialist Calculation Debate My Conversation with Carl Zimmer Boris Spassky, RIP
Poland will look at gaining access to nuclear weapons and also ensure that every man undergoes military training as part of an effort to build a 500,000-strong army to face off the threat from Russia, Prime Minister Donald Tusk told the parliament on Friday. Here is the full article. The post Solve for the equilibrium appeared first on Marginal REVOLUTION. Comments When Donald Tusk gets a quirky sidekick named Elon Mump, that ... by JD In reply to rayward. How suicidal does it make me to see that ... by rsm In reply to rayward. Europe can easily afford to offset the ... by Zote Clearly they don't expect Belarus to cease being another ... by Ethan In reply to rayward. What fools are magats you mean by Wait Plus 7 more... Related Stories Tariffs do not in general help trade deficits Denmark fact of the day Germany fact of the day
1. Brian Potter analyzes Boom and the attempt to build a successful supersonic aircraft. 2. Balaji on tariffs. 3. Max Tabarrok on AI and the economics job market. 4. 50 thoughts on DOGE, an excellent post. 5. Why people don’t like neighborhood density. 6. Starting to get freaky? 7. Rebuilding Addis? (FT) 8. Jean-Claude Saintilus, […] The post Friday assorted links appeared first on Marginal REVOLUTION.
That is the topic of my latest Bloomberg column, here is one bit: The most important factors behind trade balances include savings decisions, fiscal policy, economic growth rates, wealth levels and demographic characteristics such as the age of the population. As economist Joseph Gagnon bluntly put it: “None of the studies found any role for trade barriers.” […] The post Tariffs do not in general help trade deficits appeared first on Marginal REVOLUTION. Comments All true but the Cult Leader says the opposite, and 75M of his ... by PK Related Stories Germany fact of the day Is Social Security a Ponzi Scheme? Regime Uncertainty
I always loved games and card games, and they played a big role in family life. It was one activity that everyone, including my grandmother, could partake in enthusiastically, and on a more or less equal footing. The big card game was euchre, yes euchre. It is a trick-taking game with trumps, think of it […] The post Games we played appeared first on Marginal REVOLUTION. Related Stories How AI is changing and will change the world of writing Do female experts face an authority gap? Evidence from economics The Economist 1843 magazine does a profile of me
Denmark’s state-run postal service, PostNord, is to end all letter deliveries at the end of 2025, citing a 90% decline in letter volumes since the start of the century. The decision brings to an end 400 years of the company’s letter service. Denmark’s 1,500 postboxes will start to disappear from the start of June. Transport […] The post Denmark fact of the day appeared first on Marginal REVOLUTION. Comments Makes sense. Letter delivery is a bit like the phone booth now ... by mento Related Stories Germany fact of the day Is Social Security a Ponzi Scheme? Regime Uncertainty
1. In defense of Gemini. 2. Schelling applied to AI dominance? 3. One account of the Zizian story. 4. Can you induce anxiety in your LLM? 5. Chris Blattman on Deep Research. 6. ESPR summer camp, for 16- to 21-year olds. 7. AI art auction exceeds expectations. The post Thursday assorted links appeared first on Marginal REVOLUTION. Comments #1 I know a lot of people had fun at Google/Gemini's expense ... by Patrick M. #8. Headlines from 2021 — “NFT art auction exceeds ... by Naveen_K In reply to Lawyer. #3 by Lawyer #.And the other link is this odd Cowen fascination with the ... by Lawyer 6 links on AI out of 7 – pure escapism at this point by Steve
An excellent EconTalk episode with Pete Boettke on the socialist calculation debate. I like Boettke on the three Ps. The three Ps–property, prices, and profits and loss. Property incentivizes us. Prices guide us. Profits lure us to new changes and losses discipline us. Today, “incentives matter” is often considered the first lesson of economics. But […] The post Boettke on the Socialist Calculation Debate appeared first on Marginal REVOLUTION. Related Stories My Conversation with Carl Zimmer How AI is changing and will change the world of writing Germany fact of the day
Here is my 68 minutes with David Perell, who is excellent in such settings: Here is David’s Twitter take, here is a short bit on how to use different AI tools. Here is the transcript. Self-recommending. The post How AI is changing and will change the world of writing appeared first on Marginal REVOLUTION. Related Stories Paul Millerd on AI and writing The Strange, Strange World of Alignment Training What should I ask Any Austin?
Here is the audio, video, and transcript. Here is part of the episode summary: He joins Tyler to discuss why it took scientists so long to accept airborne disease transmission and more, including why 19th-century doctors thought hay fever was a neurosis, why it took so long for the WHO and CDC to acknowledge COVID-19 […] The post My Conversation with Carl Zimmer appeared first on Marginal REVOLUTION. Comments Everybody got Covid…so by that metric masking wasn’t ... by Cancelled for wongthink Related Stories *Steven Weinberg: A Life in Physics* What should I ask Ezra Klein? My excellent Conversation with Gregory Clark
German borrowing costs surged by the most in 17 years on Wednesday, as investors bet on a big boost to the country’s ailing economy from a historic deal to fund investment in the military and infrastructure. The yield on the 10-year Bund surged 0.21 percentage points to 2.69 per cent, its biggest one-day move since […] The post Germany fact of the day appeared first on Marginal REVOLUTION. Related Stories Is Social Security a Ponzi Scheme? Regime Uncertainty Stripe’s Annual Letter
1. Some new survey results on work from home. 2. Digital doppelgangers. 3. Liu Jiakun wins the Pritzker Prize, photos at the link. 4. The ideology of AI governance. Can AI rule be interpretable to humans? Weird stuff, don’t worry I don’t understand it either. 5. Three Wikipedia pages for great economists. 6. Robert Mundell […] The post Wednesday assorted links appeared first on Marginal REVOLUTION. Comments Just take the link, and use yt-dlp – yt-dlp is a feature-rich ... by Don't forget the diorect Youtube download Is it just me or does anyone else feel that it's imperative ... by Preemptive
Elon recently re-opened the perennial debate about whether Social Security is a ponzi scheme. Here’s my, lightly edited post from 2011. Elon is in good company calling social security a ponzi scheme. First up is Nobel prize winner Paul Samuelson who wrote: The beauty of social insurance is that it is actuarially unsound. Everyone who reaches […] The post Is Social Security a Ponzi Scheme? appeared first on Marginal REVOLUTION. Comments I'm almost the opposite. Social Security is a ponzi scheme but ... by Nick Croom Related Stories Regime Uncertainty Stripe’s Annual Letter The Role of Unrealized Gains and Borrowing in the Taxation of the Rich
Of relevance to some recent debates: We have four main findings: First, measuring “economic income” as currently-taxed income plus new unrealized gains, the income tax base captures 60% of economic income of the top 1% of wealth-holders (and 71% adjusting for inflation) and the vast majority of income for lower wealth groups. Second, adjusting for […] The post The Role of Unrealized Gains and Borrowing in the Taxation of the Rich appeared first on Marginal REVOLUTION. Related Stories New results on AI and lawyer productivity Male coaches increase the risk-taking of female teams—Evidence from the NCAA Stripe’s Annual Letter
IMO this is one of the more compelling “disaster” scenarios — not that AI goes haywire because it hates humanity, but that it acquires power by being effective and winning trust — and then, that there is a cohort of humans that fear this expansion of trust and control, and those humans find themselves at odds with the nebulously part-human-part-AI […] The post Should OneQuadrillionOwls be worried? appeared first on Marginal REVOLUTION. Related Stories New results on AI and lawyer productivity A $5 million gold card for immigrants? Can Enhanced Street Lighting Improve Public Safety at Scale?
1. Perplexity, Deutsche Telekom, and an AI smartphone. 2. GPT 4.5 and Bishop Berkeley! 3. Stocks vs. flows, blah blah blah you still can compare two numbers. 4. “That men once stood before the Rokeby Venus and gawped means nothing to us.” 5. GDP forecasts getting worse. 6. Australian who blood saved the lives of 2.4 […] The post Tuesday assorted links appeared first on Marginal REVOLUTION. Comments Re #3: That two things can be compared doesn't mean the ... by Sashoir I'm sure DOGE will poll well once they send that $5,000 check ... by anon 8. DOGE creates its own reality, and doesn't care about ... by Who cares about polls?
Robert Higgs coined the term regime uncertainty to illustrate the challenge faced by business under Franklin Roosevelt’s New Deal, when a flurry of unpredictable legislation such as the expansive and often unclear mandates of the National Industrial Recovery Act (NIRA), attempts at court packing, abrupt tax increases, and shifting labor policies, meant businesses couldn’t reliably […] The post Regime Uncertainty appeared first on Marginal REVOLUTION. Comments Hoping that Trump will pursue sound economic policies is like ... by ElsieT There is a method to this madness. Trump wants to force ... by RM Related Stories Stripe’s Annual Letter Male coaches increase the risk-taking of female teams—Evidence from the NCAA “What do I think of the Trump-Zelensky dust-up?”
From a new piece by Daniel Schwarcz, et.al., here is part of the abstract: This article examines two emerging AI innovations that may mitigate these lingering issues: Retrieval Augmented Generation (RAG), which grounds AI-powered analysis in legal sources, and AI reasoning models, which structure complex reasoning before generating output. We conducted the first randomized controlled […] The post New results on AI and lawyer productivity appeared first on Marginal REVOLUTION. Comments I'm not sure that helping law students complete straightforward ... by Marie We are just going to cut out all the middlemen and deadweight, ... by It's gonna happen Related Stories Can Enhanced Street Lighting Improve Public Safety at Scale? The uneven spread of AI Male coaches increase the risk-taking of female teams—Evidence from the NCAA
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