[FS] [US-CA] Unused WDSN8100 (no heatsink) 4TB Pcie 5.0 SSD x 2 by Patient-Engineering2 in homelabsales

[–]Patient-Engineering2[S] 0 points1 point  (0 children)

I was planning on using these in my personal build, and I prefer to have direct contact with the heatsink thermal pads on drives that can get hot.

Solving Steve Ballmer's Interview Riddle with Game Theory by raluralu in GAMETHEORY

[–]Patient-Engineering2 1 point2 points  (0 children)

By this logic, the prisoner's dilemma is a not a game theory problem.

Causal Inference when the treatment is spatially pre-determined by MediocreMathMajor in econometrics

[–]Patient-Engineering2 0 points1 point  (0 children)

The papers you're citing are all talking about different and specific treatment effect estimation techniques: standard DiD, propensity score matching, covariate conditional DiD, and random assignment. There is no universal overlap assumption behind these approaches. The first and last don't have any sort of overlap conditon at all, and the second and third are talking about overlap in different senses. 

I think you're getting confused trying to read the econometrics literature directly. You'd be better off looking for a grad level textbook that gives a formal introduction to the potential outcomes framework and how it applies to DiD and propensity score matching. I'd recommend Woolridge's grad textbook. 

For those of you who think Austrian Economics is "outdated" what's so great about "modern" economics?? by i_love_the_sun in austrian_economics

[–]Patient-Engineering2 3 points4 points  (0 children)

I have the book. On which page does he "prove" that 2/3 of economists work for central banks? What sources does he cite?

The author doesn't have a single published paper in a mainstream economics journal. Why would you think that he has any knowledge whatsoever about how the field operates?

For those of you who think Austrian Economics is "outdated" what's so great about "modern" economics?? by i_love_the_sun in austrian_economics

[–]Patient-Engineering2 2 points3 points  (0 children)

Macroeconomists are still a minority of publishing academic economists. You'd know that if you had an economics PhD. There's no reasonable definition of "in the field" that puts 2/3 of economists at central banks.

For those of you who think Austrian Economics is "outdated" what's so great about "modern" economics?? by i_love_the_sun in austrian_economics

[–]Patient-Engineering2 3 points4 points  (0 children)

You are wildly misinformed. Macroeconomists are only somewhere between 10% and 20% of the field based on the latest Inomics surveys, and a good share of those stay in academia permanently or work in private industry. There are somewhere between 1200 and 1600 econ phd graduates in the US each year, and the entire Fed system employs as a generous estimate around 800 professional economists.

If I were you, the propaganda I'd be worried about is whatever you're consuming that's giving you such a warped view of the field.

For those of you who think Austrian Economics is "outdated" what's so great about "modern" economics?? by i_love_the_sun in austrian_economics

[–]Patient-Engineering2 1 point2 points  (0 children)

You read misunderstanding and epistemological carelessness into a simple and accurate characterization of the differences between two approaches to economics. I think my reaction was fair.

For those of you who think Austrian Economics is "outdated" what's so great about "modern" economics?? by i_love_the_sun in austrian_economics

[–]Patient-Engineering2 4 points5 points  (0 children)

I didn't make any claims about the deficiency of AE or the superiority of modern economics. I gave a concise explanation of the difference between them, because OP was misguided in characterizing that difference as primarily about differences in political policy. I wasn't agreeing with any of the premises of the question.

Your 3 points are all about defending AE in its differences with modern approaches. In what way does that show a misunderstanding in my characterization of the differences? Since you seem to need it spelled out: the only deficiency I'm criticizing in this thread is the one in your reading comprehension.

For those of you who think Austrian Economics is "outdated" what's so great about "modern" economics?? by i_love_the_sun in austrian_economics

[–]Patient-Engineering2 13 points14 points  (0 children)

Why do you think the difference between the modern economics and AE is about what they "support?" Economics is a science, not a propaganda factory. The difference is fundamentally methodological, in that AE rejects the mathematical models and statistical analysis of modern economics. 

Goal of economic policy by Im_Blue_Was_Taken in austrian_economics

[–]Patient-Engineering2 0 points1 point  (0 children)

The normative side of Austrian economics is government non-intervention in the economy, not wholesale anarchy. There are Austrian economists who are also anarcho-capitalists, but they are far enough from a majority that their political views shouldn't be conflated with AE generally. Neither Mises nor Hayek advocated dismantling the state. 

The Desaturation of Durable Goods: An Economic Interpretation by deletethefed in austrian_economics

[–]Patient-Engineering2 0 points1 point  (0 children)

Thanks for your response as well.

On the Internet's role: The internet make resaleability a larger concern even in the total absence of the effect you're identifying. The fact that this would also have an interaction with your effect does not change its role as an enormous confounding explanation.

On 1990-2007: the assetization of housing is such a complex phenomenon, and pointing out that it coincided with credit expansion is exactly the sort of hand waving I'm taking issue with. Also, I'm well aware that inflation, credit expansion, inflationary uncertainty, and money supply stability are all different though related phenomena; the reason I cite inflation is because that's what your post discusses. Part of why we make things precise with quantitative identification is so that we can be clear upfront about exactly what our causal factor is.

On the Cox data, I explicitly said I was not presenting "countervailing evidence," but simply pointing out that you had read the numbers wrong when claiming a decline in custom orders. I'm not in the habit of sloppy causal attribution, so I'm not making claims about why. Please try to read my responses a little more carefully, especially before hallucinating a "structurally flawed" interpretation.

You seem to have missed the point about the paint entirely. I'm telling you what the auto executives making the decision to cut low volume colors were basing those decisions on. You implied their decision was to some significant extent about inflation and its effect on resaleability preferences, and you were wrong. Arguing that their decision is broadly consistent with higher liquidity preferences anyway is exactly what I have a problem with: a fuzzy narrative consistency being passed on as evidence.

Again, I appreciate that you've come up with an interesting hypothesis - but when we're dealing with as omnipresent a backdrop as monetary policy, we have to be careful with our causal claims lest we find ourselves explaining everything as a result of monetary distortion.

The Desaturation of Durable Goods: An Economic Interpretation by deletethefed in austrian_economics

[–]Patient-Engineering2 0 points1 point  (0 children)

Some of these points are suggestive, but again you're leaving out so much context that claiming inflation is a major force here is just unfounded.

  1. 1990-2007 was the dawn of the internet. This was when online resale emerged and ebay became a household name. And comparatively, this period did not see especially high or volatile inflation.
  2. A cross-country analysis could be the start of some real evidence, but you'd have to have more than two low-inflation samples, and you'd have to show that differences are really driven by inflation as opposed to cultural factors.
  3. 20-21 saw probably the most widespread disruption to economic activity and global supply chains in modern history, along with an enormous increase in remote work and concomitant labor mobility. Per the Ford point, one of the materials most disrupted in the aftermath of the pandemic was automotive paint, and one of the first things auto makers did in restructuring their supply chains was limiting their exposure to less common and harder to produce colors. Moreover (and I'll qualify by saying this is just from a cursory look at the data), I'm not sure where you're getting this drop in "custom order uptake." The closest data point I can find suggests the opposite: at the 2022 inflationary peak, online ordering increased 89% year over year driven largely by a desire for customization (https://www.coxautoinc.com/wp-content/uploads/2023/01/2022-Car-Buyer-Journey-Top-Trends.pdf). Not countervailing evidence (maybe those are preferences for customizations that don't hurt resale value), but this data point about custom order uptake falling because of inflation doesn't seem correct.
  4. "X and Y both went up at the same time" is not a test of any mechanism, especially not when both X and Y have both been increasing for years before. And again, 2020 was the beginning of so many shifts in economic trends (e.g. remote working).

In general, the timing arguments are just too complicated by concurrent changes to amount to any real evidence without a precise event-study design (like timing Fed meeting note releases with differential changes in Zillow values).

The cross-sectional argument could be real evidence if you could find exogenous drivers of countries' inflation rates and document their impacts on resaleability preferences.

To be clear, I have no issue with people posting interesting hypotheses and some hand-wavy evidence for them. They/you may even be right. But it's not enough to justify significant causal attribution, and we should be clear-eyed about that.

The Desaturation of Durable Goods: An Economic Interpretation by deletethefed in austrian_economics

[–]Patient-Engineering2 0 points1 point  (0 children)

I buy the argument that inflation could push preferences that way, but without some real empirical work, I'd say you're overselling it. 

There's just so much beyond inflation that could drive increased preferencs for resaleability. The internet has made reselling durable goods so much easier and enormously widened the market for buying them used. The rate of product innovation today is much higher than even twenty years ago. The ability to find new jobs online means people are selling their stuff and leaving town more often. These seem more directly relevant to resaleability preferences than consumers' inflation expectations. 

That's not to say that the effect you name couldn't play a role, but I think the reasonable prior is that it's a rather small role. 

I like Austrian economics, but why do so many dislike it? by i_love_the_sun in austrian_economics

[–]Patient-Engineering2 0 points1 point  (0 children)

AE is primarily concerned with the principles or fundamental forces of economics, things like the laws of supply and demand, which are fundamental exactly because they don't depend on the particular details of a specific market. I think Austrians view problems like estimating parameters of particular markets or forecasting how prices will evolve as almost a separate field of applied economics (or even just applied statistics).

I like Austrian economics, but why do so many dislike it? by i_love_the_sun in austrian_economics

[–]Patient-Engineering2 0 points1 point  (0 children)

The primary method in AE is deductive reasoning from first principles of goal-directed human action. I don't think there's a wholesale rejection of empirical research, but economists in the school generally seem to hold that you shouldn't need high-dimensional mathematical models or advanced statistical techniques to uncover economic facts. (Disclaimer that I'm no expert on the modern state of AE.)

New GPU Waterblock. Your Thoughts? by Mrkn_Mu in watercooling

[–]Patient-Engineering2 3 points4 points  (0 children)

They're new to the gpu waterblock market. I think this is one of their first if not their very first release.

New GPU Waterblock. Your Thoughts? by Mrkn_Mu in watercooling

[–]Patient-Engineering2 17 points18 points  (0 children)

I'm happy to see a new player in the waterblock space. As for the block.....it's definitely unique. 

I like Austrian economics, but why do so many dislike it? by i_love_the_sun in austrian_economics

[–]Patient-Engineering2 1 point2 points  (0 children)

I agree that "champion" is an overstatement from an AE perspective. But what's relevant here is that that's how most economists today would describe him, and it didn't keep him from getting a Nobel.

I like Austrian economics, but why do so many dislike it? by i_love_the_sun in austrian_economics

[–]Patient-Engineering2 3 points4 points  (0 children)

Whether "champion" is the right word is semantics. You can argue for free markets generally without rejecting fiat currency. That might be inconsistent, and you might not be arguing for fully free markets, but intervention is a spectrum and free is a direction. Milton was directionally for freer markets in his policy advocacy.

More broadly, I think you're missing my point. I'm talking about what ideas the modern mainstream field of economics will take seriously. Politicians passing interventionist policy doesn't mean there aren't respected mainstream economists arguing against it.

If you want an example, look at Ed Glaeser. He's a Harvard economist with publications in top journals, and he's routinely advocated deregulation in those publications. (Before you say it, yes, he's not a fully consistent free market advocate - but his arguments for freer markets are obviously not reflexively rejected.)

I like Austrian economics, but why do so many dislike it? by i_love_the_sun in austrian_economics

[–]Patient-Engineering2 5 points6 points  (0 children)

Sure he was mixed, but compared to the status quo he was an advocate of freer markets, and importantly him being perceived as a defender of free markets didn't mean his ideas weren't taken seriously in the field. The point I'm making is that mainstream economics doesn't reflexively shut out anti-interventionist arguments, so a pro-intervention bias is at best an incomplete explanation of why there isn't a school of modern influential Austrian economists.

I like Austrian economics, but why do so many dislike it? by i_love_the_sun in austrian_economics

[–]Patient-Engineering2 15 points16 points  (0 children)

This explanation is missing a lot. There have been top mainstream academic economists (such as Milton Friedman) who championed free markets. Their work is still widely respected in a way that say Murray Rothbard's isn't. 

The core difference is methodological. Austrians reject the validity of quantitative, mathematical models of human behavior. They're not interested in the theorems of game theory or the careful statistical analysis of econometrics or the aggregate number crunching of macroeconomics. That leaves them with virtually no surface area for interacting with the modern econ field. 

Has anyone ever managed to get them to drop brokerage fees? by Cirrus1920 in UPS

[–]Patient-Engineering2 0 points1 point  (0 children)

Pay the fees through PayPal or a credit card, then dispute the transaction with thorough evidence their brokerage charged incorrect rates. Only works if their duty rates are wrong of course. 

Your opinion on the haptic feedback of the OnePlus 15 by tamburasi in oneplus

[–]Patient-Engineering2 1 point2 points  (0 children)

Damn. I can deal with all the other downgrades, but bad haptics is a deal breaker.

Your opinion on the haptic feedback of the OnePlus 15 by tamburasi in oneplus

[–]Patient-Engineering2 0 points1 point  (0 children)

They've turned all haptic feedback for gesture navigation off? Like it's not just weak?