16.
Scaling laws for alpha (t.co)
The piece asks how alpha scales, how to distinguish real factors from spurious ones, and who captures value as markets become more efficient
@arpitrage on Backlist
13 appearances on the backlist front page in the last 30 days.
36.
Housing policies for instance prioritizes low property taxes and regulatory constraints on building exactly becau…
Housing policies for instance prioritizes low property taxes and regulatory constraints on building exactly because homeownership is widespread; if it was all owned by a few billionaire real estate owners they’d have a much harder time maki
39.
I actually think a more evenly distributed wealth distribution would result in more “pro business” political infl…
I actually think a more evenly distributed wealth distribution would result in more “pro business” political influence because a larger section of voters views it in their interest
42.
The Andrew Gelman answer to “What’s the Matter with Kansas” was that income gradients still predicted Republican …
The Andrew Gelman answer to “What’s the Matter with Kansas” was that income gradients still predicted Republican voting *within* state Not true anymore for many states! Rich Kansans are Dems
43.
So leftists should favor the concentration of wealth in a few hands which is less likely to shift an entire democ…
So leftists should favor the concentration of wealth in a few hands which is less likely to shift an entire democratic system, and conservatives should want “ownership society” outcomes with mass ownership of financial claims
26.
Farmland preservation as an anti-city policy
Some preservation rules impose large economic costs by blocking the development of land that could support high-productivity cities
15.
Housing costs turned dense cities into a wage penalty for non-college workers
Rent-adjusted wages now punish many non-college workers for living in high-density places while college-educated workers still receive an urban premium
61.
Furman on property tax bias in NYC multifamily: (t.co)
Furman on property tax bias in NYC multifamily: • Rentals pay 3.7% tax rate, while single family is 0.7% • Rentals account for a quarter of market value but 43% of taxes • DOF applies “expense caps” forcing tax payment for buildings with l
36.
Furman on property tax bias in NYC multifamily: (t.co)
Furman on property tax bias in NYC multifamily: • Rentals pay 3.7% tax rate, while single family is 0.7% • Rentals account for a quarter of market value but 43% of taxes • DOF applies “expense caps” forcing tax payment for buildings with l
85.
One person who was completely vindicated in time was Shiller with his AEA address on narrative economics.
One person who was completely vindicated in time was Shiller with his AEA address on narrative economics. I was there at the time, and thought: cool idea, but no way you can operationalize this. LLMs have made it much easier to study nar
62.
Idea for a comedy series: “Homeowners”, based on HOA politics
Idea for a comedy series: “Homeowners”, based on HOA politics
79.
I have a personal series of "benchmark" queries I use to evaluate LLMs (mostly of the form: "here are some initia…
I have a personal series of "benchmark" queries I use to evaluate LLMs (mostly of the form: "here are some initial project ideas, judge where to take it") For a while Claude has been dominant; but I checked Claude 4.8 vs ChatGPT 5.5 and GP
5.
AFA 2027 wants papers written with generative-AI workflows (t.co)
A major finance conference is explicitly soliciting papers built with generative-AI workflows, moving AI authorship from taboo to venue design