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Joined 2 years ago
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Cake day: May 10th, 2022

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  • The real change in retail pricing might be discrimination pricing (or ‘surveillance pricing’ as it is now called sometimes). Simply speaking, it uses personal data to personalize prices not just for each customer, but also for each customer depending on actual circumstances such as day time, weather, an individual’s pay day, and other data, collected through apps, loyalty cards, …

    As one article says, there is One Person One Price:

    "If I literally tell you, the price of a six-pack is $1.99, and then I tell someone else the price of a six-pack for them is $3.99, this would be deemed very unfair if there was too much transparency on it,” [University of Chicago economists Jean-Pierre] Dubé said. “But if instead I say, the price of a six-pack is $3.99 for everyone, and that’s fair. But then I give you a coupon for $2 off [through your app] but I don’t give the coupon to the other person, somehow that’s not as unfair as if I just targeted a different price.”

    The linked article is a very long read but worth everyone’s time. Very insightful.





















  • This article is highly biased and misleading imo.

    First of all, it doesn’t make sense to compare economic policy performance by a single metric, be it inflation or GDP or anything else, let alone if you compare economies in different periods.

    For example, the high inflation during president Carter’s term was mainly due to the oil crisis in the 1970s. President Biden started his term in 2020 - right when the pandemic broke out and subsequent interruptions of global supply chain caused a soaring inflation. You may or may not agree with both presidents’ economic policies, but you can’t obviously blame Carter or Biden for the oil crises and the pandemic, respectively.

    The articles also says:

    Neither the Fed nor economists in general view housing prices as inflation. The economic illiterates do not count asset prices in general as inflation.

    The ‘economic illiterates’ use inflation to measure prices of consumer goods and services but explicitly not to measure prices of assets. This is why rent can reasonably be part of such an index, but house prices probably not (exactly because a house is an asset and not a consumer good). This is also one reason why you should always look at a dashboard of metrics and interpret them to the individual circumstances (e.g., in different epoches, cultures, etc.) rather than looking at just one measurement.

    So the inflation and the way how it is measured (there are multiple ways to do so) is certainly an imperfect metric, but this is true for any metric. And comparing the economic policies over several decades by just using a single metric doesn’t make any sense.

    (Edit typo.)








  • Yeah, his name is Abdulaziz Alwasil.

    Human Rights Watch says about women’s rights in Saudi Arabia:

    The Personal Status Law [in Saudi Arabia] requires women to obtain a male guardian’s permission to marry, codifying the country’s longstanding practice. Married women are required to obey their husbands in a “reasonable manner.” The law further states that neither spouse may abstain from sexual relations or cohabitation without the other spouse’s consent, implying a marital right to intercourse.

    While a husband can unilaterally divorce his wife, a woman can only petition a court to dissolve their marriage contract on limited grounds and must “establish [the] harm” that makes the continuation of marriage “impossible” within those grounds. The law does not specify what constitutes “harm” or what evidence can be submitted to support a case, leaving judges wide discretion in the law’s interpretation and enforcement to maintain the status quo.

    Fathers remain the default guardians of their children, limiting a mother’s ability to participate fully in decisions related to her child’s social and financial well-being. A mother may not act as her child’s guardian unless a court appoints her, and she will otherwise have limited authority to make decisions for her child’s well-being, even in cases where the parents do not live together and judicial authorities decide that the child should live with the mother.