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#spence — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #spence, aggregated by home.social.

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  1. Maybe the funniest TV series ever written. And a staple of my later life in many ways ;-) #KingOfQueens #Spence
    (starts at 24 seconds in)

    youtube.com/watch?v=Ra95maLFcl

  2. Signaling Design d.repec.org/n?u=RePEc:arx:pape
    "… in the unique equilibrium in our setting, a profit-seeking monopolist school offers an uninformative #signaling technology, generating the same signal regardless of effort, and capture all the surplus in terms of fees. In this case, the separating equilibrium envisaged in #Spence (1973) vanishes, and no wasteful effort is exerted! Competition among schools affects both the total surplus produced and its distribution: competition in fees allows students to retain a higher share of the total surplus … competition to attract high types induces schools to offer more informative monitoring policies, incentivizing higher levels of wasteful effort.

    … one equilibrium outcome stands out for its robustness: full separation, yielding the Riley outcome—low-type students exert no effort and high-type students exert the lowest effort that low-types are unwilling to emulate. Thus, compared to the #monopoly case, #competition shifts surplus from the school to high-type students and entails efficiency losses due to socially wasteful effort in equilibrium. The critical driver of this result is the high-type students’ willingness to pay to access a monitoring policy that enables them to better distinguish themselves from low-type students and thus obtain higher #wages."
    #GameTheory

  3. Signaling Design d.repec.org/n?u=RePEc:arx:pape
    "… in the unique equilibrium in our setting, a profit-seeking monopolist school offers an uninformative #signaling technology, generating the same signal regardless of effort, and capture all the surplus in terms of fees. In this case, the separating equilibrium envisaged in #Spence (1973) vanishes, and no wasteful effort is exerted! Competition among schools affects both the total surplus produced and its distribution: competition in fees allows students to retain a higher share of the total surplus … competition to attract high types induces schools to offer more informative monitoring policies, incentivizing higher levels of wasteful effort.

    … one equilibrium outcome stands out for its robustness: full separation, yielding the Riley outcome—low-type students exert no effort and high-type students exert the lowest effort that low-types are unwilling to emulate. Thus, compared to the #monopoly case, #competition shifts surplus from the school to high-type students and entails efficiency losses due to socially wasteful effort in equilibrium. The critical driver of this result is the high-type students’ willingness to pay to access a monitoring policy that enables them to better distinguish themselves from low-type students and thus obtain higher #wages."
    #GameTheory

  4. The International Paralympic Committee (#IPC) announced Monday that 88 Russian competitors will take part under a neutral banner at the #Paris #Paralympics.

    The Games, which get underway on Wednesday, will also feature eight Belarusians competing as neutrals, IPC spokesman Craig #Spence told a press conference.

    barrons.com/news/ipc-announces

    #Ukraine #Russia #Belarus #France #EU

  5. The International Paralympic Committee (#IPC) announced Monday that 88 Russian competitors will take part under a neutral banner at the #Paris #Paralympics.

    The Games, which get underway on Wednesday, will also feature eight Belarusians competing as neutrals, IPC spokesman Craig #Spence told a press conference.

    barrons.com/news/ipc-announces

    #Ukraine #Russia #Belarus #France #EU

  6. undergraduate students' intelligence is merely average frontiersin.org/articles/10.33
    "…universities & professors need to realize that #students are no longer extraordinary but merely average
    …employers can no longer rely on applicants with #university degrees to be more capable or smarter than those without #degrees
    …students need to realize that acceptance into university is no longer an invitation to join an #elite group"
    #LaborEcon #Spence #screening

  7. undergraduate students' intelligence is merely average frontiersin.org/articles/10.33
    "…universities & professors need to realize that #students are no longer extraordinary but merely average
    …employers can no longer rely on applicants with #university degrees to be more capable or smarter than those without #degrees
    …students need to realize that acceptance into university is no longer an invitation to join an #elite group"
    #LaborEcon #Spence #screening

  8. Terence Crawford dominates Errol Spence Jr. in 9th-round stoppage
    espn.com/video/clip/_/id/38098 via @ESPN App espn.com/app
    Welp that was interesting #Boxing #Crawford #Spence #TKO

  9. Terence Crawford dominates Errol Spence Jr. in 9th-round stoppage
    espn.com/video/clip/_/id/38098 via @ESPN App espn.com/app
    Welp that was interesting #Boxing #Crawford #Spence #TKO

  10. #Fairphone ha lanciato il suo quarto smartphone. Il #Fairphone4 si basa sui principi di sostenibilità, lunga durata ed equità, per i quali i telefoni precedenti erano noti. Lo smartphone etico può avere un impatto sul mercato oltre a offrire un'esperienza da #smartphone che i consumatori si aspettano?
    Di Ewan #Spence su #Forbes
    forbes.com/sites/ewanspence/20