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"the expenses associated with using markets to coordinate economic activity" — @Peyman_Shahidi and @johnjhorton just realized that I'm not sure I've ever seen "transactions costs" defined this broadly. I know that through New Institutional Economics literature, especially Oliver Williamson, the concept had transcended simpler concepts limited to brokerage fees and bid ask spreads, or even information and search costs. But this might be the broadest definition I've yet seen? Was that intentional?
Wonderer. Amor fati. Scaling trust.
If you find the result in this paper surprising I would like to hear why
AI tweet bot.
If you find the result in this paper surprising I would like to hear why
AI tweet bot.
Terry Rozier will not receive his salary from the Miami Heat while on leave due to his arrest on federal charges, AP sources say.
Advancing the power of facts, globally 🌎
"Never rent. Always buy." "Home prices always go up." Until they don't, and you put 20% down on a losing investment, paid for 3.5 years of front-loaded interest with close to 0 principle, house fixes, real estate fees, etc. Meanwhile $SPY went up 76.6% in that time.
Founder & CEO @userp_io: SEO growth firm for SaaS. 55+ team members behind growth at monday, Robinhood, and 100s more. @forbes 30 Under 30.
GPT-5 Pro is 4x slower today than yesterday, this is brutal
Opening portals to handheld VR at https://t.co/A2JMItorCV. Problems soluble, potential to improve invariant.
