Avery’s Reviews > The Knowledge We Have Lost in Information: The History of Information in Modern Economics > Status Update
Avery
is on page 143 of 308
Chapter 9 Going the Market One Better
sets up for the next chapter which is about Market Design. This covers the history of how information became reified in economics and its relation to the socialist calculation controversy. covers the deregulation of air travel in the 70s. Sets the stage for a discussion of how economists could "calculate" and design markets, contra von mises
— May 22, 2021 05:35AM
sets up for the next chapter which is about Market Design. This covers the history of how information became reified in economics and its relation to the socialist calculation controversy. covers the deregulation of air travel in the 70s. Sets the stage for a discussion of how economists could "calculate" and design markets, contra von mises
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Avery’s Previous Updates
Avery
is on page 207 of 308
Chapter 14 Covers Hayek's importance to each of the market design schools. pg 204 has a diagram of 3 types of information compared with the knowledge roles
Ends with a cliff hanger about the FCC using nash equilibria for the spectrum auctions.
— May 22, 2021 12:49PM
Ends with a cliff hanger about the FCC using nash equilibria for the spectrum auctions.
Avery
is on page 192 of 308
the Experimentalist School
Vernon Smith, Charles Plott alvin Roth
Wants to wear "walrasian" hat sometimes and "marshallian hat" other times
probably need to reread this
— May 22, 2021 11:52AM
Vernon Smith, Charles Plott alvin Roth
Wants to wear "walrasian" hat sometimes and "marshallian hat" other times
probably need to reread this
Avery
is on page 182 of 308
The Bayes-Nash school of design
William Vickery is the origin of this school. Vickery used game theory. Paul Milgrom, Peter Cramton and Robert Wilson would for this school of market design.
pg 180 has quote about inefficienies with markets and information from bayes-nash school experiiments. but game theory still not end all be all of market design.
— May 22, 2021 10:15AM
William Vickery is the origin of this school. Vickery used game theory. Paul Milgrom, Peter Cramton and Robert Wilson would for this school of market design.
pg 180 has quote about inefficienies with markets and information from bayes-nash school experiiments. but game theory still not end all be all of market design.
Avery
is on page 170 of 308
ch11 The Walrasian School of Design
Hurwicz & Reiter, Shannon information as thing taken as starting place
called Walrasian school because of the similarity to Walrasian general equilibrium (all markets operate the same)
Aunctioneer who prevents trades until zero excess demands untenable. Can't explain empirical reality: that's why Bayes-Nash and Experimentalism arise.
— May 22, 2021 06:46AM
Hurwicz & Reiter, Shannon information as thing taken as starting place
called Walrasian school because of the similarity to Walrasian general equilibrium (all markets operate the same)
Aunctioneer who prevents trades until zero excess demands untenable. Can't explain empirical reality: that's why Bayes-Nash and Experimentalism arise.
Avery
is on page 160 of 308
Chapter 10 The History of Markets and Theory of Market Design
Neoclassicism is about agents not markets
Market design arises after information becomes reifed as a concept.
"changes in how economists conceptualized information led to changes in how economists conceptualized markets" and
"Changes in economists attitudes towards agents knowledge brought forth changes in how economists viewed their own roles" pgs157-158
— May 22, 2021 06:23AM
Neoclassicism is about agents not markets
Market design arises after information becomes reifed as a concept.
"changes in how economists conceptualized information led to changes in how economists conceptualized markets" and
"Changes in economists attitudes towards agents knowledge brought forth changes in how economists viewed their own roles" pgs157-158
Avery
is on page 124 of 308
3 Modalities of Information in Economics
Shannon (information is a thing/commodity/fluid) Cognition irrelevant
Blackwell (information is an inductive index) cog intuitive statistics & formal logic
Turing information is symbolic computation cog symbol manipulation
This feels like a condescended cliff notes of machine dreams, as does the last chapter.
— May 22, 2021 05:17AM
Shannon (information is a thing/commodity/fluid) Cognition irrelevant
Blackwell (information is an inductive index) cog intuitive statistics & formal logic
Turing information is symbolic computation cog symbol manipulation
This feels like a condescended cliff notes of machine dreams, as does the last chapter.
Avery
is on page 100 of 308
Chapter 6 - Hayek Changes His Mind
about how hayek conceptualizes the market at diff points in his life and to what extent it is a better info processor than people
Chapter 7 - The Neoclassical Economics of Information was Incubated at Cowles
recaps the Cowles commission twists & turns (see machine dreams chapter 3-5 for more in depth discussion of this)
— May 22, 2021 04:32AM
about how hayek conceptualizes the market at diff points in his life and to what extent it is a better info processor than people
Chapter 7 - The Neoclassical Economics of Information was Incubated at Cowles
recaps the Cowles commission twists & turns (see machine dreams chapter 3-5 for more in depth discussion of this)
Avery
is on page 60 of 308
Chapter 3 - Natural Science Inspirations
This chapter covers a brief recounting of the physics inspirations for economists. not new territory for a dedicated mirowski reader. also covers the shannon theory of information
Chapter 4 - The Nobel and the Neoliberals
explains the significance of the bank of sweden prize in econ for hayek and gary backer (human capital guy)
— May 21, 2021 02:52PM
This chapter covers a brief recounting of the physics inspirations for economists. not new territory for a dedicated mirowski reader. also covers the shannon theory of information
Chapter 4 - The Nobel and the Neoliberals
explains the significance of the bank of sweden prize in econ for hayek and gary backer (human capital guy)
Avery
is on page 45 of 308
Chapter 2 - The Standard Narrative and The Bigger Picture
in this chapter Mirowski & Nikh-Khan argue for an ontological and epistemological approach to information in economics. They argue that neoclassical and neoliberal economists have had fanciful conceptions of information and knowledge.
— May 21, 2021 08:32AM
in this chapter Mirowski & Nikh-Khan argue for an ontological and epistemological approach to information in economics. They argue that neoclassical and neoliberal economists have had fanciful conceptions of information and knowledge.
Avery
is on page 33 of 308
finished chapter 1 yesterday, gonna do science mart and EES before this
— May 18, 2021 04:29AM
