This seems to be true across many fields. There is generally a sharp drop-off in effectiveness somewhere between 2 and 4 people. (Paper)
Key insights:
- Trade is a form of cooperation.
- Choices have consequences.
- All costs are opportunity costs.
- Incentives influence peopleโs choices.
- Transaction costs influence incentives as well as outcomes.
Itโs quite comprehensive.
Gives good general advice on how to prompt large language models effectively.
Asset valuation is necessarily volatile, even with regard to the safest imaginable assets. Therefore, bank failure is a fact of life. Deposit insurance helps some, but it is more complex than you may think and only covers part of what society might want to protect.
A rule of thumb for quickly estimating the doubling time of an investment.
How to plan a space mission. Or a little personal side project. Or anything in between.
A WebAssembly runtime suitable for small devices.
A list of resources.
Guidelines for seeking help with coding problems.
A rationalist magazine.
Time series database using the PostgreSQL wire protocol.
A list maintained by the Rust Formal Methods Interest Group.
Guidelines for secure and reliable software in Rust.
Pictures of Edo (what is now Tokyo) from the mid 1800s.
Property rights can be too weak (leading to overuse), too strong (leading to underuse), or structured in the wrong way (leading to all sorts of pathologies).
Thatโs about $24,000 per household on average. (Of course, given Germanyโs highly progressive tax code, low-income households will pay significantly less while high-income households will pay significantly more.)
If you happen to be a high school teacher, Marginal Revolution University is currently offering a chance to win 50 billion dollars. Hyperinflated Zimbabwean dollars, that is.
The fertility rate of France started dropping in the 18th century โ a century earlier than elsewhere โ coinciding with a loss of moral authority of the Church.