Best of Twitter - Week of March 1, 2021
interesting rant related to FDA and evidence for drug efficacy.
Expensive drugs, tests, and procedures that don't have benefits are are a leading reason for high US spending on health care
Gregg Gonsalves @gregggonsalves
^ interesting thread, e.g.
Everyone in DC has Stockholm syndrome. @US_FDA is a prime example of regulatory capture, by industry and patients groups who love the companies and for whom hype and hope are more important that common sense. 5/
The idea that any drug is better than no drug at all is now the reigning view apparently at @US_FDA. That ineffective drugs on the market are better than no drugs on the market. It's totally bonkers. 6/
"economics now is social sciences. ... everyone who wants to do social science, but prefers rigor and quantitativeness to... whatever the actual social sciences are doing, simply goes into economics instead, and then just frames their social science research in economics terms."
"mimetic traps" briantimar.github.io/notes/mimetic/…; or, "why peter thiel is basically right about everything"
The tl;dr is the green line in this plot. We measure concentration in product markets - markets corresponding to things that are good substitutes for consumers - and we find that market concentration has actually fallen slightly on average, over the past 25 years!
^ thread
^ hmmmmmm
Is anyone else a little sketched out by the backgrounds on some of the Renaissance Technologies analysts? As someone that works in the asset mgmt industry, you typically see people with real investing experience on their resume. I'll start with the top and work my way down. 1/7
^ lol
Running ultramarathons for over a decade has taught me a lot about life and entrepreneurship ...
... namely that a lot of people do unnecessary shit for far to long, and then make up stories for why it's useful ... 🙄
A thing I didn’t appreciate as a kid, but understand better now, is why so much of the world is suboptimal - it’s not just because people don’t know better, but largely because people are trapped. Many (most?) people are too tired and overwhelmed to bring their A game to anything
^ thread
The latest generation of adversarial image attacks is, uh, somewhat simpler to carry out openai.com/blog/multimoda…
#AI https://t.co/QzBp5bSHGu
MC HAMMER @MCHammer