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shengwuli.bsky.social
Econ prof at Harvard. (Mechanism design, market design, behavioral theory.) www.shengwu.li
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Jason Hartline likes cocktails with lemon juice.

New working paper alert: we provide a model of post-hoc rationalizations, driven by motives of (self-)esteem. We show how this can lead to groupthink, polarization, and a preference for echo chambers. www.ifo.de/sites/defaul...

Maybe journals should have a policy that data from anonymous sources will be verified by the journal before publication. The editor could contact the firm, to verify that it exists and that the study was conducted as stated. @aeadata.bsky.social is this feasible or am I missing something?

In hindsight, if a major material science firm had found a way to make its best material scientists 80% better, there’s no way it would stay anonymous. It would shout it from the rooftops, and put it in its earnings call. This is an argument that should have occurred to economists.

Wow, nothing beats making that one conjecture that turns the idea into a paper, and then proving it. Never gets old.

The Chicago Pope implies the existence of a New Keynesian Pope and a Behavioral Pope

Modeling the conclave? You’ll need cardinal utilities

Singapore ministers defend meals taken with money launderer. The perils of zero accountability.

Congrats to Sergiu Hart, perhaps the quickest thinker I know, and a wonderful mentor, coauthor, and person, for being elected as an International Member of the National Academy of Sciences! www.nasonline.org/news/2025-na...

Remember when you first learned about genetics at school? All those fascinating examples of human traits that are each apparently determined by just a single gene? Time to check in on some of your favourites to see how they’re doing. 🧬🧵🧪 1/n

Power corrupts. It’s time for Singapore to become a democracy.

💡 Open science: A team of researchers at Shandong University has attempted to replicate Oprea (2024 AER). The results do not replicate. Oprea 2024 reported an online lab experiment, and found that prospect theory anomalies occur not only for lotteries, but also for deterministic 'mirrors'.

My paper on algorithmic pricing, joint with In-Koo Cho, is now online at the Journal of Economic Theory. www.sciencedirect.com/science/arti...

The Prime Minister faced yet another setback this week as the ongoing scandal over two-way fixed effects produced two more estimators for Canadians to learn. ‘You’re telling me these regressions produced negative weights and the Liberals knew nothing?!” the Conservative Party leader tweeted Sunday

I need the “Campaign in prose. Govern in econometrics.” t-shirt.

you daily "supply network formation and fragility" tweet

@lastpositivist.bsky.social Have you considered writing for a broader audience?