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In a new publication, we make use of a regulatory change to show that Japanese regulation of IPO markets was successful. The paper is available open access. onlinelibrary.wiley.com/doi/full/10.11… 1/2
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![Twitter avatar for @SoberLook](https://substackcdn.com/image/twitter_name/w_96/SoberLook.jpg)
The expected September Fed rate increase rose above 75 bps. The market is now pricing in a 30%+ probability of a 100 bps hike.
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![Twitter avatar for @JimmySecUK](https://substackcdn.com/image/twitter_name/w_96/JimmySecUK.jpg)
This is unsurprising; Russia's war in Ukraine was never about Ukraine joining NATO, it was always about naked Russian imperialist expansion.
![Twitter avatar for @Reuters](https://substackcdn.com/image/twitter_name/w_40/Reuters.jpg)
Reuters @Reuters
![Twitter avatar for @mattyglesias](https://substackcdn.com/image/twitter_name/w_96/mattyglesias.jpg)
Hot take — dating apps don’t work because they don’t have information about smell
bbc.com/future/article…
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![Twitter avatar for @mattyglesias](https://substackcdn.com/image/twitter_name/w_96/mattyglesias.jpg)
This is a great article but man are the standard ethics of clinical medical research fucked up — I think maybe doctors should have to take an undergrad philosophy class or something.
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![Twitter avatar for @mattyglesias](https://substackcdn.com/image/twitter_name/w_96/mattyglesias.jpg)
Crane-positivity is an ethic we must all cultivate https://t.co/ElfINa12yj
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President Biden @POTUS
![Twitter avatar for @SocDoneLeft](https://substackcdn.com/image/twitter_name/w_96/SocDoneLeft.jpg)
Factual correction works, because facts are persuasive.
Wood et al 2018 found no evidence for the "backfire effect". Telling 10,100 people facts on 52 political topics changed their minds, and by a large amount: About ~1/3 much as the left-right divide on that topic!
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![Twitter avatar for @SocDoneLeft](https://substackcdn.com/image/twitter_name/w_96/SocDoneLeft.jpg)
Tappin 2021 found that, even when people receive partisan signals that they should reject evidence, that evidence still changes their mind
Across 24 policy issues, no significant difference between "evidence + contrary cue from party leader" (purple) vs "evidence alone" (black)
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![Twitter avatar for @mattyglesias](https://substackcdn.com/image/twitter_name/w_96/mattyglesias.jpg)
This is a really interesting point from @MattGertz — Fox News is obviously quite right-wing but when something happens (like Graham's abortion bill or Rick Scott's social security cuts) that's politically inconvenient for the GOP, they don't hype it up.
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![Twitter avatar for @Noahpinion](https://substackcdn.com/image/twitter_name/w_96/Noahpinion.jpg)
I never thought America would embrace 援助交際, but we did.
![Twitter avatar for @micsolana](https://substackcdn.com/image/twitter_name/w_40/micsolana.jpg)
Mike Solana @micsolana