Feminists believe that women are paid less than men for no good economic reason. If this is the case, feminists should invest in companies that hire many women, and short those which hire few women, to take advantage of the cheaper labour costs.
I suspect that the effect, if real, is likely small enough to be masked by confounders, like CEO competence, market conditions, various other biases of the executives and the board,random chance etc. I wonder if any statistics exist on the matter.
Can you think of any unusual LW-type beliefs that have strong economic implications (say over the next 1-3 years)?]
Given that MIRI and CFAR are still struggling to get enough funding despite presumably employing the most LW-rational people in the world, I severely doubt that LW rationality has “strong economic implications”.
The economic implications of reading LW should be put somehow on the census. Human resources is something the rationality cluster has a lot. Imagine people being paid for insights they put here.
Not really. Many large well managed corporates literally have more cash than they know what to do with. If you look at cash and very liquid short term cash like debt instruments as a percentage of total corporate value it’s as high as it’s ever been.
I think actually it was higher in the ’50s. Corporates had extremely conservative balance sheets in those days, with lots of treasuries. But we’re certainly at high levels by the standards of the past 40 years.
Many large well managed corporates literally have more cash than they know what to do with.
True, but “resources” is much more than cash. I think the bottleneck resource for large well-managed corporations is finding enough smart talented motivated people who get shit done.
I suspect that the effect, if real, is likely small enough to be masked by confounders, like CEO competence, market conditions, various other biases of the executives and the board,random chance etc. I wonder if any statistics exist on the matter.
Given that MIRI and CFAR are still struggling to get enough funding despite presumably employing the most LW-rational people in the world, I severely doubt that LW rationality has “strong economic implications”.
Regarding statistics: http://thinkprogress.org/economy/2014/07/08/3457859/women-ceos-beat-stock-market/ links to quite some.
The economic implications of reading LW should be put somehow on the census. Human resources is something the rationality cluster has a lot. Imagine people being paid for insights they put here.
Isn’t nearly any organisation struggling at attracting more resources?
Not really. Many large well managed corporates literally have more cash than they know what to do with. If you look at cash and very liquid short term cash like debt instruments as a percentage of total corporate value it’s as high as it’s ever been.
I think actually it was higher in the ’50s. Corporates had extremely conservative balance sheets in those days, with lots of treasuries. But we’re certainly at high levels by the standards of the past 40 years.
True, but “resources” is much more than cash. I think the bottleneck resource for large well-managed corporations is finding enough smart talented motivated people who get shit done.