Elon Tusk @srs@schelling.pt

How did I get here?!?

What's amazing about this is that it's a purely *economic* hack, or an *accounting* hack really. Basic insight: Pricing assets in a network is hard. We're not the first to notice this.
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RT @danielvf
1/6 Today’s 120 million C.R.E.A.M. finance attack was not a bug in the traditional sense - rather two, otherwise normal, blockchain constructs mixing together explosively.

A thread:
https://twitter.com/danielvf/status/1453426746326405130

Human capital is the best kind of capital.
Think about it: nobody can take it away from you, you acquire it for free, while getting paid for another job, you can't get taxed on it, it's self-compounding, ...

Yo, LyX is a bit weird and clunky, but it's the fastest way to get something written down in a (latex) paper period. Nothing else can compete.

(including the ones who disagree with you, and that's fine b/c it's all about something greater etc etc)

🤔 fascism but your ingroup includes literally everyone.
https://youtu.be/HFTD1pkncUs

Slippery suicide slope.
(turns out to be less dangerous than it sounds, though it sounds really dangerous too)
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RT @moveincircles
The Assisted Dying Bill gets its reading in the House of Lords today. Never mind the rhetoric of dignity and compassion; if it passes, we’ll end up with right-liberal sociopaths arguing for ‘mercy killings’ in the name of taxpayer efficiency. Me at @unherd https://unherd.com/2021/10/britain-is-becoming-…
https://twitter.com/moveincircles/status/1451442697638719498

Where are the good old times where corps were soulless monsters that just wanted to make money & everyone knew it? This is not how I imagined my cyberpunk!
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RT @KonstantinKisin
We are literally at the point where hundreds of people will protest about JOKES 😂😂😂

Full clown mode engaged. https://twitter.com/rawsalerts/status/1450894069601914894
https://twitter.com/KonstantinKisin/status/1450951159280291840

Thank you, Lenevo, for this vital information! (NB there is no way to get any details)

In good faith: why are there womxn but not mxn?
Is this purely a healthcare thing? (I feel no)

Yo, ever noticed German electronics manufacturer Siemens is an anagram of Nemesis? [x files music coming in]

There's been a lot of heat re virtue signaling x transphobia about this ad. But isn't the more disturbing thing: how come the company thinks you need to run an ad for googling stuff?!
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RT @GoogleDE
Neues finden. Mit Google.
https://twitter.com/GoogleDE/status/1442808310973956104

1337 h4x0r. Decoded the source code, compiled the gigabits, oh boy!
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RT @GovParsonMO
Through a multi-step process, an individual took the records of at least three educators, decoded the HTML source code, and viewed the SSN of those specific educators.

We notified the Cole County prosecutor and the Highway Patrol’s Digital Forensic Unit will investigate.
https://twitter.com/GovParsonMO/status/1448697768311132160

Joint work with my colleagues from @goetheuni and @HPI_DE.
Related work: E.g.: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2541114, https://arxiv.org/abs/1407.5305

Result 2: Not so much otherwise (e.g. concave price impact and partial implementation shortfall). Then we might not even have an equilibrium. It also matters how much insts. can re-organize their portfolio responding to shocks.

Result 1: Things are rel. stable if price impact is convex or if institutions need to fully absorb their implementation shortfall. Then there is a lattice of equilibria and the social optimum is also a strong equilibrium; iterative processes converge there well.

Research Question: How does the microstructure of the market (specifically, price impact) affect the structure & convergence to equilibria in the fire sales game?