Discover and read the best of Twitter Threads about #consumerwelfare
Most recents (5)
When students of statistics are introduced to creating and interpreting models, they are introduced to George Box's maxim:
*All models are wrong, some are useful.*
It's a call for humility and perspective, a reminder to superimpose the messy world on your clean lines. 1/
*All models are wrong, some are useful.*
It's a call for humility and perspective, a reminder to superimpose the messy world on your clean lines. 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/04/03/all… 2/
pluralistic.net/2023/04/03/all… 2/
Even with this benediction, modeling is forever prone to the cardinal sin of insisting that complex reality can be reduced to "a perfectly spherical cow of uniform density on a frictionless plane." 3/
#Jetblue is trying to buy #SpiritAirlines. It's a terrible idea. Consolidation in the US aviation industry has resulted in higher fares, less reliable planes, spiraling junk-fees, and brutal conditions for flight- and ground-crews. 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/03/12/the… 2/
pluralistic.net/2023/03/12/the… 2/
The four remaining US major airlines, who gobbled their rivals, are three times more profitable than their European counterparts:
economist.com/leaders/2017/0…
That's great news if you're an airline shareholder. 3/
economist.com/leaders/2017/0…
That's great news if you're an airline shareholder. 3/
The DoJ's antitrust lawsuit against #Google triggered an avalanche of pearl-clutching editorials from establishment lawyers and economists who argue that such a move is both counterproductive and legally incoherent. 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/02/13/the… 2/
pluralistic.net/2023/02/13/the… 2/
These Very Bad Takes are only to be expected, since they emanate from ideologues who volunteered to serve as Renfields for vampiric monopolists. 3/
When a #FreightTrain carrying toxic chemicals derailed near #EastPalestine, #Ohio, bursting into flame and sending up clouds of poisonous vinyl chloride smoke and gas, our immediate concerns were for the people in harm's way and the train's crew:
nytimes.com/2023/02/04/us/… 1/
nytimes.com/2023/02/04/us/… 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/02/11/din… 2/
pluralistic.net/2023/02/11/din… 2/
Those immediate concerns were soon joined by broader worries: that the entire rail industry presented a systematic danger, and the Ohio #derailment was a symptom of a much deeper pathology that endangered anyone who lives near one of the rail corridors that crisscross the US. 3/
A class action suit against Apple and Amazon accuses the companies of price-fixing Ios devices through an agreement that blocks third-party sellers from Amazon unless they're authorized by Apple.
hbsslaw.com/press/apple-am… 1/
hbsslaw.com/press/apple-am… 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2022/11/10/you… 2/
pluralistic.net/2022/11/10/you… 2/
The suit should be a slam-dunk - but even more, the conduct it accuses Apple and Amazon of should never have been permitted in the first place. 3/
