Touchstone Terms: Adverse Selection

Touchstone Terms: Adverse Selection

If there were a single concept from economics I’d like to see more widely understood, it would be adverse selection: the tendency for markets to sort participants into worse and worse pools when one side of a transaction knows more than the other. The idea originates in a 1970 paper by George Akerlof, “The Market…

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First-Person Pronouns Matter Too

First-Person Pronouns Matter Too

My friend Peter Levine wrote recently about how much of the public unease about AI consciousness comes from something surprisingly mundane: the interface says “I.” When Google’s Gemini delivers information in the third person, it’s just a tool; when ChatGPT says “I can help you,” some users start composing rescue missions for the trapped digital…

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The Groups, Messaging, and Politics

The Groups, Messaging, and Politics

Apparently context is scarce. Here’s some: “Democratic party politics is urban machine politics, scaled up” from Noah Smith A variety of activists and special interests — collectively known as “The Groups” — can basically persuade Democratic staffers and politicians of their ideas in the proverbial smoke-filled rooms, well out of the public eye. Democrats’ focus…

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Say What You Mean

Say What You Mean

After getting the same Vera Institute of Justice messaging presentation twice on Friday, I’ve been thinking about what messaging consultants are actually trying to do.The average messaging summit is a triangulation between three things:* What the consultants’ funders want* What their pollsters tell them voters like* What the audience of candidates, staffers, and pundits needs…

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Pragmatism, Pluralism, and Relativism

Pragmatism, Pluralism, and Relativism

It’d be nice if the folks who don’t believe in global warming weren’t polluting the same world as the folks who do, but the tragedy of existence is that we must share one world. No one sane and good is ever a relativist or a pragmatist about criminal guilt or ignorance, about child abuse and the Satanic panic, or about vaccines. Relativism is always reserved for some other stuff that’s off to the side, like whether a particular artwork is beautiful.

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