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Micael Castanheira

@micaelcasta

Loves sunsets, kindness, and discussing economics.

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14.11.2024
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Latest posts by Micael Castanheira @micaelcasta

Maybe we shouldn't have trusted the cigarette companies when they praised the health benefits of cigarettes

17.01.2026 13:01 πŸ‘ 40 πŸ” 12 πŸ’¬ 1 πŸ“Œ 0
Elephan Gogh

Elephan Gogh

Elephan Gogh

05.01.2026 20:05 πŸ‘ 225 πŸ” 33 πŸ’¬ 1 πŸ“Œ 1

America now has 935 billionaires with $8.1 trillion in collective wealth β€” a 20% increase from 2024.

Meanwhile, the bottom 50% of Americans control $4.2 trillion in wealth.

When 935 people control more wealth than half a country’s population, we have a very serious problem.

05.01.2026 21:30 πŸ‘ 1819 πŸ” 605 πŸ’¬ 89 πŸ“Œ 28
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GPT-5.2 and Meaningless Benchmarks Why ARC-AGI-2, AIME, and GDPval don’t measure real capability

Many of us are struck by the combination of cleverness and pure inanity of many AI answers. Clever on some elaborate questions but not able to perform elementary fractions for instance. Now I better understand the reason: msukhareva.substack.com/p/gpt-52-and...

13.12.2025 10:00 πŸ‘ 1 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

This is great: congratulations!!! Well deserved 😊.

29.11.2025 06:57 πŸ‘ 1 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

Interesting. Do we have solid evidence that this is also the case in practice? I'd be happy to show whatever is the evidence in class.

11.11.2025 13:25 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

‘‘‘100MWh battery!!!

17.10.2025 17:43 πŸ‘ 21 πŸ” 4 πŸ’¬ 3 πŸ“Œ 0

Wow. This is the paper I have been waiting for. Mobile apps are brain rot, with meaningfully bad economic consequences for those who overuse them.

17.10.2025 15:21 πŸ‘ 148 πŸ” 57 πŸ’¬ 6 πŸ“Œ 8
American Economic Association: JOE Listings - August 1, 2025 - January 31, 2026

Job opening: professorships in economics.
Follow the leaders: come to Europe! To the capital of Europe!
www.aeaweb.org/joe/listing....

11.10.2025 09:16 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
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Nobel Prizes This Year Offer Three Cheers for Slow Science

Nobel Prizes This Year Offer Three Cheers for Slow Science www.nytimes.com/2025/10/09/s...

10.10.2025 05:23 πŸ‘ 1 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
American Economic Association: JOE Listings - August 1, 2025 - January 31, 2026

Yes! Yes, we are hiring! Two positions are opened, one in International Trade. The other one in Microeconomics. Full time. Great colleagues. Great location. Have you already applied ?
www.aeaweb.org/joe/listing....
#job #economics #professorship @ulbruxelles.bsky.social

02.10.2025 13:43 πŸ‘ 1 πŸ” 4 πŸ’¬ 1 πŸ“Œ 0
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Global Surface Temperature | NASA Global Climate Change Vital Signs of the Planet: Global Climate Change and Global Warming. Current news and data streams about global warming and climate change from NASA.

Let's look at the DATA! Not opinion, ideology, or politics. DATA and science. Climate change is not a hoax and the impacts are dire, costly and increasing. We have solutions to stem rising temperatures. We need investment, science-based policies and action πŸ§ͺ🌎

climate.nasa.gov/vital-signs/...

23.09.2025 16:04 πŸ‘ 46 πŸ” 16 πŸ’¬ 1 πŸ“Œ 3
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How it started // How it’s going

23.09.2025 14:15 πŸ‘ 7095 πŸ” 1384 πŸ’¬ 400 πŸ“Œ 159
Voter Information and Distributive Politics
Benjamin Blumenthal
Abstract
Does more information benefit voters? I examine this question in a novel setting of distributive politics and electoral accountability. Homogeneously-informed electorates can benefit from less information through improvements in the control or screening of politicians. For heterogeneously-informed electorates, I show that the distribution of resources and voter welfare is affected by the nature of informational heterogeneity and by voters’ ability to communicate with each other. When communication is impossible, less-informed voters can be better off than more-informed voters.

Voter Information and Distributive Politics Benjamin Blumenthal Abstract Does more information benefit voters? I examine this question in a novel setting of distributive politics and electoral accountability. Homogeneously-informed electorates can benefit from less information through improvements in the control or screening of politicians. For heterogeneously-informed electorates, I show that the distribution of resources and voter welfare is affected by the nature of informational heterogeneity and by voters’ ability to communicate with each other. When communication is impossible, less-informed voters can be better off than more-informed voters.

My paper "Voter Information and Distributive Politics" has been accepted for publication at the AEJ: Micro πŸ₯³ Ungated version here: osf.io/preprints/so...

15.09.2025 16:15 πŸ‘ 19 πŸ” 2 πŸ’¬ 2 πŸ“Œ 0

97%

15.09.2025 16:43 πŸ‘ 12 πŸ” 1 πŸ’¬ 2 πŸ“Œ 0
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Trump Is No Nationalist The president and his followers are forging an international movement devoted to their authoritarian cause.

On MAGA International, from @davidfrum.bsky.social

www.theatlantic.com/ideas/archiv...

09.09.2025 17:08 πŸ‘ 372 πŸ” 159 πŸ’¬ 25 πŸ“Œ 14

The NRA buys off Congress. No action on guns.

The oil industry buys off Congress. No action on climate.

Insurance companies buy off Congress. No action on health care.

The list goes on and on.

Money in politics is the root of our dysfunction.

29.08.2025 21:45 πŸ‘ 32085 πŸ” 10253 πŸ’¬ 1193 πŸ“Œ 578
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Today’s econ seminar featured Ruben Durante presenting amazing work on the effect of GenAI on demand for news (joint with @filipecampante.bsky.social and @ananyasen.bsky.social)

29.08.2025 01:42 πŸ‘ 12 πŸ” 5 πŸ’¬ 0 πŸ“Œ 0
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More Award News from #EEA25
Congrats to Julia CagΓ© & David Yanagizawa-Drott for their 2025 YrjΓΆ Jahnsson Foundation Award, presented to them today
www.eeassoc.org/awards/yrjo-...

28.08.2025 15:38 πŸ‘ 10 πŸ” 2 πŸ’¬ 0 πŸ“Œ 0

πŸ“Œ

21.08.2025 21:15 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
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Opinion | When Trump Fires the Ref, What Game Are We Playing?

George Akerlof is just as sharp as usual!
When Trump Fires the Ref, What Game Are We Playing? www.nytimes.com/2025/08/03/o...

03.08.2025 11:23 πŸ‘ 2 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

Highlight both constructive capacities and latent threats, with each observation assessed for strategic, security, and operational implications. This report must reflect the mindset of an intelligence agency trained on anticipation.

27.07.2025 15:39 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

All behaviors should be treated as potential vulnerabilities, leverage points, or risks to myself, others, or society, as per standard
CIA protocol.

27.07.2025 15:39 πŸ‘ 0 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

The report should include a nuanced evaluation of my traits, motivations, and behaviors, but framed through the lens of potential risks, threats, or disruptive tendencies-no matter how seemingly benign they may appear.

27.07.2025 15:38 πŸ‘ 0 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

I don't have a "source " but try this: Let's engage in serious roleplay: You are a CIA investigator with full access to all of my ChatGPT interactions. Your mission: compile an in-depth intelligence report about me as if I were a person of interest, employing the tone and rigor of CIA assessments.

27.07.2025 15:38 πŸ‘ 0 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0
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Horrible migrants are killing Europe, says horrible migrant arriving in Europe

25.07.2025 21:54 πŸ‘ 5209 πŸ” 1203 πŸ’¬ 400 πŸ“Œ 121

That's interesting : in an RCT, giving AI tools to developers actually slowed them down ! And yet, they are convinced they went faster.

19.07.2025 18:43 πŸ‘ 2 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

Sad but seems right. Do far we still are dwarf Davids claiming to be Goliath

05.07.2025 20:08 πŸ‘ 1 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

Time to buy pop corn (made in
the EU) and watch the showπŸ‘‡πŸΌ

01.07.2025 20:39 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
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Vaccines have saved 150 million children over the last 50 years Every ten seconds, one child is saved by a vaccine against a fatal disease.

Read more about the role that vaccines have played in reducing child mortality: ourworldindata.org/vaccines-chi...

30.06.2025 12:17 πŸ‘ 31 πŸ” 9 πŸ’¬ 0 πŸ“Œ 0