Daniel Gottlieb @danielgott Twitter profile

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Daniel Gottlieb

8 months

If anyone is interested, here are the lecture notes on General Equilibrium from my class at the LSE MRes/PhD in Economics.

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Daniel Gottlieb

@danielgott

4 years

7 years ago, I was almost kicked out of a McDonald's in Buenos Aires for taking a picture of their menu, posted at the end of the store. Unlike stores outside of Argentina, Big Macs weren't advertised. This was part of the government's manipulation of inflation indices. (1/4)

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Daniel Gottlieb

@danielgott

3 years

He may be the greatest quarterback of all time who just announced his retirement. On Brazilian media, he’s still referred to as Gisele’s husband. 🐐

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Daniel Gottlieb

@danielgott

2 years

In case it's the end of Twitter: Jesus was a relatively obscure prophet until the fall of the Berlin wall. Comparing to other Jewish prophets we construct a synthetic Jesus. Our findings show that if it weren't for the end of the Cold War, we wouldn't be talking about Jesus today

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Daniel Gottlieb

@danielgott

2 years

George Akerlof after writing the market for lemons

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Daniel Gottlieb

@danielgott

2 years

Two black swans: Brazil must have fat tails.

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Daniel Gottlieb

@danielgott

4 years

Seven years later, then president Cristina Kirchner is now the VP, and threats about default are as relevant now as they were then. (4/4)

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Daniel Gottlieb

@danielgott

4 years

Since the Economist calculates inflation based on the prices of Big Macs over time, the government "convinced" McDonald's to keep the prices of Big Macs low to convey the idea that inflation was low. Why would the gov't want to manipulate inflation? (2/4)

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Daniel Gottlieb

@danielgott

3 years

I wish Joan Robinson received more credit, especially for her fundamental work in Industrial Organization. Every undergraduate curriculum in economics covers some of her work on imperfect competition, though most students never hear about her.

Opinion | The Woman Who Shattered the Myth of the Free Market (Published 2021)

Joan Robinson upended the misogynistic good-old-boys’ network of economists and devised theories around competition and labor vital to the antitrust debates of today.

www.nytimes.com

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Daniel Gottlieb

@danielgott

4 years

Since a lot of their debt was indexed, a higher inflation rate increased the cost of the debt. Manipulating inflation allowed the govt to "default" on part of its debt without ever admitting it. (3/4)

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Daniel Gottlieb

@danielgott

2 years

Many people are surprised by this graph showing that the Queen is a direct descendent of the Prophet Muhammad. Would they be surprised to know that they are also descendants of Muhammad? And so are you if you are of European origin. (1/4) 🧵

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Daniel Gottlieb

@danielgott

1 year

I support the @DataColada team for rigorously checking other people's work. This is a public good that deserves applause rather than lawsuits. Authors are responsible for their papers. Unnamed research assistants who don't get the credit can’t be blamed for mistakes.

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Daniel Gottlieb

@danielgott

3 years

Had this book assigned in my econometrics class. I going over it again tonight.

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Daniel Gottlieb

@danielgott

2 years

With an inflation rate of 80%, the Department of Commerce of Argentina is holding special meetings to discuss the price of this year’s World Cup sticker album. Because priorities…

Secretaría de Industria y Comercio

@ComercioArg

2 years

Comenzó la reunión para evaluar la situación del mercado de figuritas del Mundial. Desde @ComercioArg abrimos un canal de diálogo entre @ukraok y @PaniniArg , poniendo a disposición nuestros equipos legales y técnicos para colaborar en la búsqueda de posibles soluciones.

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Daniel Gottlieb

@danielgott

2 years

Elon seems to be trending again, reminding me of the true Elon. Who cares about colonizing Mars when you can have such an elegant understanding of metric spaces?

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Daniel Gottlieb

@danielgott

3 years

Rio’s got 99 problems but the beach ain’t one 😬

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Daniel Gottlieb

@danielgott

3 years

@florianederer @Bellmanequation Or dropped out of a master's program:

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Daniel Gottlieb

@danielgott

2 years

Econ 101 students ever since Marshall decided to have prices in the vertical axis

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Daniel Gottlieb

@danielgott

3 years

I'm honored to have been awarded an @ERC_Research Consolidator Grant to study the Behavioral Economics of Beliefs, Time, and Risk Preferences. @LSEManagement

European Research Council (ERC)

@ERC_Research

3 years

ERC President Maria Leptin welcomes the latest group of ERC Consolidator Grant winners, and wishes them well on their scientific journey. [List of funded #ERCCoG proposals and principal investigators ➡️ ]

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Daniel Gottlieb

@danielgott

1 year

EJMR IP addresses look like Japan

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Daniel Gottlieb

@danielgott

3 years

I hope academics don't start listing all the clubs that refused their entry when they were younger

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Daniel Gottlieb

@danielgott

2 years

It's finally that season that comes once every 4 years in which Americans who don't know the rules of the game talk about the rules that need to be changed to make the most popular game in the world entertaining to watch

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Daniel Gottlieb

@danielgott

4 months

This morning, a group of Jewish students was prevented from hanging posters of the missing hostages at the LSE. They were told by security that no unauthorized material was allowed on LSE buildings. Meanwhile, this is what the LSE Marshall building has been like all week.

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Daniel Gottlieb

@danielgott

2 years

By age 26, you should have made groundbreaking contributions to math, philosophy, and economics, supervised Wittgenstein's doctoral thesis, and died from liver failure.

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Daniel Gottlieb

@danielgott

3 years

We're starting a joint PhD program between @LSEEcon & @LSEManagement . Core classes taken together with other LSE Econ PhDs (similar format as Harvard BusEc). Funding available. Please forward to those who may be interested.

MRes/PhD in Economics and Management

Join LSE's Department of Management doctoral programme on the MRes/PhD in Economics and Management.

www.lse.ac.uk

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Daniel Gottlieb

@danielgott

2 years

1979 ad showing how London would look if built by American planners. Plus working from home during tube strikes.

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Daniel Gottlieb

@danielgott

3 years

It's difficult to get someone to read MWG when his research agenda depends on not having read it

Ole Peters

@ole_b_peters

3 years

1/4 There used to be a clear definition of "economically rational." This meant: maximize expected wealth. When confronted with reality, this model fell flat on its face. People don't do it.

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Daniel Gottlieb

@danielgott

11 months

Zoe is 12 days old and she already witnessed the most important game in 120 years. Her mom is extra happy that I won’t have to stay up until 4am watching Libertadores games anymore.

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Daniel Gottlieb

@danielgott

2 years

Larry David was right

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Daniel Gottlieb

@danielgott

3 years

Nine years after @KentOnMoney and I wrote our first draft, our paper is finally coming out in the AER. In the process, we learned a lot about life insurance. 🧵 (1/10)

AEA Journals

@AEAjournals

3 years

Forthcoming in the AER: "Lapse-Based Insurance" by Daniel Gottlieb and Kent Smetters.

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Daniel Gottlieb

@danielgott

3 years

A former classmate of mine once entered the local branch of Bank of America and said: "I'm getting a PhD in Finance in a few years, but I'd like to travel and enjoy life while I'm young. Can I open a line of credit?" They laughed at him and refused it. This paper explains why.

Nathaniel Hendren

@nhendren82

3 years

My new working paper out today with @djh1202 shows how adverse selection has unraveled private markets for financial alternatives to student debt that would reduce the risk of investing in college. Thread summary below: (1/n)

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Daniel Gottlieb

@danielgott

2 years

Sad to hear about Herb Gintis' passing. Reading his QJE paper with Samuel Bowles was an eye-opening experience for me as an undergraduate student in Brazil.

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Daniel Gottlieb

@danielgott

4 years

In this issue of Econometrica: "Long-Term Contracting with Time-Inconsistent Agents" with @xingtanzhang We look at an old question: How do firms contract with present-biased consumers who underestimate their bias? We give some new answers and a way to think about inefficiency.

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Daniel Gottlieb

@danielgott

3 years

Economists: “we are paid more than other social scientists because of outside options in the industry.” Also economists: “people in finance and accounting are paid more because their work is boring and no one wants to do it unless they’re paid more.”

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Daniel Gottlieb

@danielgott

4 years

Interesting article on Frank Ramsey, who made groundbreaking contributions to Philosophy, Math, and Economics before dying at age 26. His 3 contributions to Economics were so innovative that they had to wait 4 decades before people could properly absorb them. (1/4)

Anthony Gottlieb

@N10Egottlieb

4 years

"The Man Who Thought Too Fast": my piece in the New Yorker about Frank Ramsey:

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Daniel Gottlieb

@danielgott

3 years

My suggestion for people on the job market: always include a date on your CV. It's very hard to remove old CVs from the internet. You don't want people to guess which is your most recent CV (or worse make decisions based on an old one). 📅

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Daniel Gottlieb

@danielgott

2 years

When I was 7, my dad let me skip school and took me to see Maradona play in Maracanã. He said it could be my only chance to see him live (it was). Today was the 3rd (and probably last) time I got to see Messi play for Argentina in person.

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Daniel Gottlieb

@danielgott

2 years

I often hear that a problem with public discussion of econ topics is a reduction of all arguments to Econ 101. It seems more basic than that. According to the NYT, economists think firms have no market power. That's literally the 1st topic in my Managerial Econ class.

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Daniel Gottlieb

@danielgott

3 years

Home

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Daniel Gottlieb

@danielgott

3 years

After watching the Euros in England, I realized that America got it right. By creating sports no one else wants to play, it made sure it would always win. There’s no “baseball’s coming home” in the World Series or “(American) football’s coming home” in the Super Bowl.

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Daniel Gottlieb

@danielgott

3 years

Thank you @OxfordEconDept for the invitation! It’s great to meet people and talk about research in person again.

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Daniel Gottlieb

@danielgott

3 years

First in-person seminar in almost 2 years. Thank you @HECParis for the invitation!

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Daniel Gottlieb

@danielgott

3 years

IO economists have shown that cereal companies sell many similar versions to deter entry (product proliferation). In Argentina, it's not about entry deterrence but about outwitting price controls. Store is out of 500g (controlled price), but Kellogg's added a new 510g package.

Lobo de Uol Estrit

@lobodeuolestrit

3 years

Zucaritas 500gr en PRECIOS CUIDADOS no está disponible. Por suerte esta el paquete de 510gr

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Daniel Gottlieb

@danielgott

3 years

Inflation and Supply Chain lesson of the day from Latin America: In the 70s, Brazilian minister Delfim Netto periodically flooded the Rio market, where the FGV inflation index was calculated, with agricultural goods meant for other states.

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Daniel Gottlieb

@danielgott

5 years

Although it seems pretty irrelevant in the middle of a global epidemic, I'm happy that 8 years after we started working on this, my paper with @PietroOrtoleva , David Dillenberger, and Pat DeJarnette is finally out at Econometrica.

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Daniel Gottlieb

@danielgott

2 years

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Daniel Gottlieb

@danielgott

2 years

I’m happy to report that the Chicago River has fully recovered from the mix of dye and puke that turn it green every March

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Daniel Gottlieb

@danielgott

3 years

Last day in paradise. Back to referee reports tomorrow.

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Daniel Gottlieb

@danielgott

2 years

As statistician Joseph Chang has shown, 20% of people alive a millennium ago in Europe are not the ancestors of anyone living today. The other 80% are the ancestors of everyone of European descent alive today. (2/4)

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Daniel Gottlieb

@danielgott

3 years

For those who are upset about Bitcoin’s recent drop in value, think about the guy who just paid $518k on the football from Tom Brady’s last career touchdown pass yesterday. With today’s announcement that he was coming out of retirement, the ball’s value dropped by 97% to 15k.

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Daniel Gottlieb

@danielgott

3 years

@ben_golub It doesn't help that the person making the calls is called Adam Smith

The Nobel Prize

@NobelPrize

3 years

Meet Adam Smith who has the important job of calling new laureates after they find out they have been awarded the #NobelPrize . Next week he will be calling a batch of new laureates - stay tuned!

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Daniel Gottlieb

@danielgott

3 years

Speaking of Nobel prizes, the committee must have been insanely optimistic in 1972 to give a shared Nobel prize to John Hicks and Ken Arrow. Arrow alone could have gotten 3 Nobel prizes.

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Daniel Gottlieb

@danielgott

2 years

Happy to co-host and learn from Guido Tabellini on this year’s Phillips lecture @EconomicaLSE

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Daniel Gottlieb

@danielgott

3 years

Instead of joining the MMT discussion, I’ll write about one of my favorite economists: Abba Ptachya Lerner. Born in Bessarabia, he grew up in London’s East End & studied at the @LSEnews . He made fundamental contributions to welfare, trade, GE, Macro and IO.

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Daniel Gottlieb

@danielgott

3 years

How to deal with rising inflation? Fire the statistician in charge

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Daniel Gottlieb

@danielgott

3 years

One of the weirdest aspects of presenting academic advisors in a family tree format is that your parents may end up being siblings

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Daniel Gottlieb

@danielgott

2 years

Lots of people are sharing this figure with detailed sociological arguments. Am I the only one whose first thought after seeing this was "no source, must be BS"?

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Daniel Gottlieb

@danielgott

3 years

246 years ago today, Adam Smith published “An Inquiry into the Nature and Causes of The Wealth of Nations”. Here’s a photo of his grave from when I visited Glasgow last year.

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Daniel Gottlieb

@danielgott

1 year

Very rare to see this level of tailoring nowadays, even on the wealthy. So let's talk about some of the reasons why it's great 1. Collar always hugs the neck 2. No pulling anywhere. Things hang cleanly 3. Lapels end about halfway from collar to shoulder bone (nice proportion)

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Daniel Gottlieb

@danielgott

2 years

Hard to understand why the US would send a third-rate delegation to Lula’s inauguration. The last inaugurations were attended by Mike Pompeo (sec of state), Biden (VP), and Hillary Clinton (sec of state). A missed opportunity, esp with China sending a large delegation and the VP

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Daniel Gottlieb

@danielgott

3 years

On this Holocaust Remembrance Day, I think of my grandmother’s uncle Marcello Cohen. When my grandmother was banned from going to school in Rome, he stayed behind thinking it’d pass. He was captured and sent from Milano Centrale to Auschwitz at age 25. My dad is named after him.

Yannai A. Gonczarowski

@YannaiGonch

3 years

On this #InternationalHolocaustRemembranceDay #IRemember Aharon Ornitzki,my grandfather's beloved brother after whom I'm named. Murdered in the Holocaust,he was robbed of the possibility of reaching my age,of building a family. May his memory be a blessing

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Daniel Gottlieb

@danielgott

3 years

Trade liberalization and distribution: evidence from football Club World Cups between 1960-94 South America: 20 (61%) Europe: 13 (39%) 1995-present (after Bosman ruling) South America 6 (21%) Europe 22 (79%)

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Daniel Gottlieb

@danielgott

1 year

@schmal_w You can change the table setting to be displayed where you want it

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Daniel Gottlieb

@danielgott

2 years

When a paper is accepted in the first round as is

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Daniel Gottlieb

@danielgott

2 years

Happy to co-host a conference on behavioral incentives at the LSE this week. Looking forward to all the presentations (and well-wishes to @KirbyKNielsen ).

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Daniel Gottlieb

@danielgott

3 years

The few times her name is mentioned, it's usually about Macro. Here is one of my favorite tributes to an Economist, written by Andreu Mas-Colell ( @amascolell ):

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Daniel Gottlieb

@danielgott

5 months

Happy to co-host this year's Economica-Coase lecture with @S_Stantcheva (opening remarks by @landais_camille ) The event is open to everyone online, but registration is required

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Daniel Gottlieb

@danielgott

2 years

Since Muhammad apparently had descendants alive in Europe 1000 years ago, everyone with European ancestors must be a descendant of the Prophet (along with Charlemagne and 80% of everyone else alive then). (3/4)

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Daniel Gottlieb

@danielgott

3 years

@ben_golub I once wrote a signalling model that assumed utility was increasing in money and decreasing in effort. Instead of writing it this way, I wrote it in English: students prefer higher wages but dislike studying. To my surprise, I saw headlines like this in many newspapers:

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Daniel Gottlieb

@danielgott

3 years

Do People Use Commitment Devices? Evidence from the Office

Kamrat Korv

@kastrullis

3 years

Satte just upp den här på kontoret.

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Daniel Gottlieb

@danielgott

3 years

Can we all agree that the optimal time t one should spend reading other disciplines is 0<t<100%?

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Daniel Gottlieb

@danielgott

2 years

I wish I was in Rio for Fred’s last game today. It’s hard to describe what he means to Fluminense fans. When he arrived in 2009, Fluminense hadn’t won the Brazilian League in 25 years and had a 99% chance of being relegated.

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Daniel Gottlieb

@danielgott

3 years

As researchers, we often find ourselves working on topics that others have worked on before. We are trying to answer similar questions. Most of the time, the overall is not complete. Yet there's a tendency by those who worked on it first to downplay the contributions of others.

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Daniel Gottlieb

@danielgott

3 years

According to the WSJ, you don't need to worry about meeting anyone without wearing masks as long as you don't go over 14 mins. Another example of the flaw of averages.

Seung Min Kim

@seungminkim

3 years

This graphic from the @WSJ is incredibly helpful

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Daniel Gottlieb

@danielgott

3 years

Finally the answer to why I can't ever find the stairs in our impressive new building: the architects were inspired by Brazilian brutalism.

‘A vortex of thinking’ – inside the LSE’s brawny, brainy new building

A game of squash, a quick Rachmaninov concert, a brew with a view and then back to studying … the £145m Marshall Building has got the lot, says our writer, even its own Old Curiosity Shop

www.theguardian.com

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Daniel Gottlieb

@danielgott

3 years

Based on Jialan's recommendation, I finally read David Graeber's book on Debt. It's thought provoking and alternates great insights with incorrect claims and suppositions. 🧵

Jialan Wang

@jialanw

3 years

@danielgott I haven't read this one but read his book about debt. I know nothing about anthropology so have no idea if it's true, but it's certainly virtuosic and eye-opening so I recommend. Depends on your politics though I guess? Glowing review of his new book:

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Daniel Gottlieb

@danielgott

2 years

Thank you @nhh for the hospitality. Bergen is such a beautiful city!

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Daniel Gottlieb

@danielgott

2 years

The original model had many simplifying assumptions, which have later been dropped in simulations. I’m not a geneticist, but it seems like the predictions of his model are consistent with large-scale DNA sequencing studies. (4/4)

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Daniel Gottlieb

@danielgott

3 years

Authors still celebrating their QJE submission, do not notice the paper has already been desk rejected. (On a more serious note, I wonder who had the courage to let them know it was a goal #copasantanderlibertadores )

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Daniel Gottlieb

@danielgott

1 year

Next finding: umbrellas cause rain

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Daniel Gottlieb

@danielgott

2 years

Emmanuel hosted me when I visited MIT to decide where to go to grad school. I left with an extremely biased view of the quality of MIT grad students. No one told me I should have used the maximum order statistic (not only on IQ).

Hélène Rey

@helene_rey

2 years

Last Emmanuel Farhi’s AER paper. “This ability to combine careful logic with sensitivity to the context .. is probably nowhere harder than in macroeconomics. There are few in any generation who can do it with Emmanuel’s panache, and our field is much less interesting without him”

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Daniel Gottlieb

@danielgott

2 years

At 80, Gilberto Gil is a national treasure. His band today consisted of his kids and grandkids. And in the end, they were joined by his great grandkids.

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Daniel Gottlieb

@danielgott

9 months

The Ball Is Orange

@theballisorange

9 months

How the hell is there a market for this many energy drinks at a gas station in Warwick, Rhode Island

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Daniel Gottlieb

@danielgott

3 years

I'm asked this on a regular basis in Europe/UK: Where are you from? No, where are you *really* from? But where are your parents from? What about your grandparents? Ahh! So you're *really* Italian/German/Polish/Russian/Austrian/Czech, not Brazilian.

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Daniel Gottlieb

@danielgott

3 years

@KentOnMoney and I quoted him in all but the published version of our life insurance paper. His 22-year career even outlived the 9 years it took for our paper to appear in print.

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Daniel Gottlieb

@danielgott

3 years

@HannoLustig As an undergrad student in Brazil, there was a hope that Macro policy debate in Latin America would converge to the one in the US. It seems like convergence is finally happening, although in a different way than we thought.

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Daniel Gottlieb

@danielgott

2 years

@jmhorp For robustness, I checked the original language as well. It turns out that Abraham is still more popular there, which is consistent with the theory since the wall in the West Bank has not fallen.

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Daniel Gottlieb

@danielgott

2 years

Thanks @HebrewU for the invitation and hospitality!

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Daniel Gottlieb

@danielgott

3 years

You can account for 100% of the gender wage gap by controlling for the number of X and Y chromosomes. Another example of why adding control variables doesn't necessarily identify causal relations.

Justin Wolfers

@JustinWolfers

3 years

To be clear, it's an utterly mainstream proposition in labor econ that adding control variables to a wage equation isn't just about zeroing in on some "true" gender wage gap. Rather, it might end up "controlling for" or setting aside some of the key sources of discrimination.

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Daniel Gottlieb

@danielgott

4 years

@ben_golub Agreed. I think rationality is the most overused word in Econ. It means different things in different fields. In decision theory, it means that the preference relation is a weak order (complete & transitive). It doesn't require independence (the key axiom for expected utility).

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Daniel Gottlieb

@danielgott

3 years

Fermat’s little theorem: if p is a prime number, then for any integer a, the number ap − a is an integer multiple of p. NY Times: the theorem is only correct if we assume that the Peano axioms hold. It may fail if we don’t assume the principle of induction.

The New York Times

@nytimes

3 years

We fact-checked President Biden's claim during the #SOTU about strong U.S. job growth. Follow our live analysis:

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Daniel Gottlieb

@danielgott

2 years

Many countries have taxed the single or without kids (on puritan, racist, or demographic grounds). But only in Argentina did these taxes give rise to "professional lady rejectors," who charged a fee to swear to authorities that a man had proposed to them and they had refused.

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Daniel Gottlieb

@danielgott

3 years

When selling health insurance, companies usually offer many plans, employers offer a few options, and governments rarely offers different plans. Which one is optimal? @VictoriaMarone_ and @AdrienneSabety answer this question in a really nice paper (just out at the AER).🧵(1/5)

UT-Austin Economics

@UTAustinEcon

3 years

Research by Victoria Marone ("When Should There Be Vertical Choice in Health Insurance Markets?") is featured in the new issue of the American Economic Review. @VictoriaMarone_

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Daniel Gottlieb

@danielgott

2 years

Can you send me a copy of your paper or slides for seminar attendants only?

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Daniel Gottlieb

@danielgott

4 years

As a friend used to say, the largest South American exports are football players, models, and economic counterexamples. Macroeconomic policy/political econ. debates would be enriched by looking at 20th century South America. (Great thread by @R2Rsquared )

Ricardo Reis

@R2Rsquared

4 years

** MMT is the new supply-side economics Forty years ago, some economists started from an uncontroversial (but important) result: a lower tax rate raises the tax base, so revenues won't fall as much. But then they ran with it, predicting tax rate cuts could raise revenues. 1/13

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Daniel Gottlieb

@danielgott

2 years

House where Keynes was living when he wrote The Economic Consequences of the Peace, in Charleston

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Daniel Gottlieb

@danielgott

4 years

Since the Olympics Twitter account doesn't mention this "minor" aspect of the 1936 Olympics, I'll share the story of my 2nd great-uncle Ernst Gottlieb ( #5 below). After fighting in WWI, winning many tournaments, playing Wimbledon and Davis Cup in 1927, and the 1924 Olympics,

Queen of Broccoli 🥦👑

@jobellerina

4 years

I am lost for words. The official Olympics Twitter account bigging up the Nazi Olympics without an single iota of awareness it represents the very opposite of the campaign its promoting. #StrongerTogether is it? Only if together means excluding Jews. The actual fuckwittage.

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