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scott00 commented on FTC adopts a comprehensive ban on new noncompetes with all workers   ftc.gov/legal-library/bro... · Posted by u/nfriedly
songspire3 · a year ago
Forgive my shortsighted thinking, but how does this lower healthcare costs? It was mentioned as a main point, but I'm not sure how banning noncompetes would impact that.
scott00 · a year ago
It mentions reduced spending on doctors. My thinking on the mechanism is that freeing doctors from noncompetes makes it easier for them to leave big practices and start small ones. Small practices have less bargaining power with insurance companies and will have to charge lower rates.
scott00 commented on Gigantic new aircraft design aims to create the largest plane ever to fly   cnn.com/travel/windrunner... · Posted by u/peutetre
scott00 · a year ago
Doesn't make intuitive sense to me why you'd need a whole new airplane for this. Can you not rig something up to let one of these blades ride on top of an existing plane like the space shuttle transporter? Or would Sergey Brin's giant dirigible work? Or two helicopters flying in formation? Or just make the blades come in two pieces assembled on site?

Just seems very hard to believe a project as massive as a whole new airplane is the best solution to this problem.

scott00 commented on Swept away: $500k sand dune built to protect US homes disappears in days   theguardian.com/us-news/2... · Posted by u/PaulHoule
scott00 · a year ago
I was curious on some of the details, so I did a little digging.

The town in question (Salisbury, MA) is built on a narrow strip of land between a marsh and the ocean. Mostly between 2 and 5 houses wide. Doesn't seem like you need a geology PhD to determine you're going to have some erosion problems here.

As best I could determine, the beach replenishment in question was from access points 5 - 11, which covers 1.6 miles and about 150 homes. If I'm right on that, they put down enough sand to extend the beach 3-7 feet[0]. So the first thing to note is that this was a very small beach replenishment project. The senator is probably right that they should go bigger next time.

The cost per home for that would have come out to about $3333.33. Honestly, even if you triple it and do it every year, I don't find that to be an unreasonable expense to impose on owners of $1-5 million houses built on a sand dune. These guys need to quit whining and raise their _local_ taxes the relatively modest amount necessary to preserve their town. Something like $5k/year for beachfront and $1k/year for the rest would get the job done.

[0] This is assuming a constant slope to the beach. The low end is extending at 3 feet above sea level, the high end is extending at 6 feet above sea level.

scott00 commented on Intermittent fasting linked to a 91% higher risk of cardiovascular death   eurekalert.org/news-relea... · Posted by u/geox
dontreact · a year ago
Isn't the proportion of people who are obese and therefore go on this diet also going to be much higher? They appear to not have controlled for anything.

So in essence the implied cause and effect here for most people reading this headline (intermittent fasting causes cardiovascular death) is actually backwards: (people who are unhealthy are more likely to initiate an IF diet).

Reminds me of the story around diet soda. Some initial association studies found that there was an association between diet soda and several negative health outcomes but upon further investigation the evidence seems to be that it does not cause them.

scott00 · a year ago
For the benefit of readers, here's the quote from the article indicating no controls:

"Factors that may also play a role in health, outside of daily duration of eating and cause of death, were not included in the analysis."

scott00 commented on Lyft, Uber to leave Minneapolis after city council forces higher driver pay   apnews.com/article/minnea... · Posted by u/anigbrowl
amluto · a year ago
I think that this entire debate is skewed based in rather broken concepts of benefits. In the ways that ought to matter, rideshare drivers seem like contractors:

They set their own hours; overtime pay would odd, but perhaps too many hours should be banned on safety grounds. They bring their own equipment. They owe no particular allegiance to an “employer” like Uber or Lyft (and can work for more than one of them at once!). Even family leave would be somewhat odd, at least in the way that family leave works in the US.

But, in the US, this results is a problem: they are low-paid contractors, and contractors don’t get certain critical employment benefits (automatically tax-deductible health care at group rates is the big one), and the result is extremely problematic.

Perhaps a much better solution would be to let drivers be contractors but to fix the benefit situation. Insurance should not be tied to employment! I, as as independent contractor, should be able (or required) to purchase (or have provided to me by the state) insurance under identical terms to those that employees benefit from. In fact, changing jobs or taking a break from work should have no effect on my insurance plan or the taxation thereof! Contractors should be eligible for Medicare and Social Security just like employees. And perhaps family leave should even be a state benefit: after all, the presence of children benefits society and the state (future labor and tax revenue, not to mention that children are nice to have around), and this benefit does not depend on whether the parents are employees, college students, low-paid contractors or high-paid contractors.

With all of that fixed, allowing people to put miles on their car to provide a useful service for not-amazing contractor pay doesn’t actually seem so bad to me.

scott00 · a year ago
Contractors pay self employment taxes in lieu of the social security and Medicare payroll tax, and as a result are eligible for both.

The health insurance situation is not great, but it's available through Obamacare. In my experience the actual cost is not much worse than employer provided, but the true cost is often subsidized, so employees don't always realize how much salary they are giving up for health insurance.

No eligibility for unemployment or workers comp though.

scott00 commented on Wendy's will experiment with dynamic surge pricing for food in 2025   arstechnica.com/informati... · Posted by u/Cyclical
magnetowasright · 2 years ago
I really want to know how they anticipate this will 'motivate customers to visit' or 'enhance customer and crew experience'. I know it's marketing nonsense, but really, how?

They're wanting to spend $20 million on installing plus another $10 million 'earmarked'. Not much in the grand scheme of things but someone somewhere has convinced people it'll be worth the cost.

If they could invent a fast food menu display that stays still and doesn't really break down so I can see what the menu actually is when I'm waiting to order that would be great. Oh, wait...

scott00 · 2 years ago
'motivate customers to visit' - Some people like cheap stuff. Some amount of people who are not willing to pay x for a meal at noon might be willing to pay 0.9x at 2 pm. Other people have money and tight and inflexible schedules. Some of them may be more willing to visit at noon and pay 1.1x than they would be to visit at noon, wait in a 10 minute line, and pay x.

'enhance customer and crew experience' - Neither customers nor crew like it when the restaurant is busy enough that the line gets long. By making it more expensive to eat at peak times and less expensive to eat at off peak times, they think they can smooth out the demand schedule. Of course whether that's a net positive to any given consumer depends on their relative preferences on meal time, wait time, and meal cost. But the potential is there at least. On the crew side, a smoother demand schedule means they can either schedule fewer people on longer shifts, or if they keep schedules the same reduce the amount of "crunch time" during each shift.

scott00 commented on Researchers have found a faster way to do integer linear programming   quantamagazine.org/resear... · Posted by u/pseudolus
nkh · 2 years ago
For now, the new algorithm hasn’t actually been used to solve any logistical problems, since it would take too much work updating today’s programs to make use of it. But for Rothvoss, that’s beside the point. “It’s about the theoretical understanding of a problem that has fundamental applications,” he said.

I don't see how "it would take to much work updating today's programs". Most domain specific models call out to Gurobi, CPLEX, or FICO solvers for large problems, and open source ones like SCIP for the small ones. There is a standard MPS format where you can run exchange models between all of these solvers, and the formulation of the problem shouldn't change, just the solving approach inside the solver.

Can someone enlighten me? I could see if they are arguing, this will require a new implementation, and if so, there is a ton of benefit the world would see from doing so.

scott00 · 2 years ago
I think what this work does is establish a new, and lower, upper bound on the number of points that need to be explored in order to find an exact solution.

From some of your other replies it looks to me like you're confusing that with an improved bound on the value of the solution itself.

It's a little unclear to me whether this is even a new solution algorithm, or just a better bound on the run time of an existing algorithm.

I will say I agree with you that I don't buy the reason given for the lack of practical impact. If there was a breakthrough in practical solver performance people would migrate to a new solver over time. There's either no practical impact of this work, or the follow on work to turn the mathematical insights here into a working solver just haven't been done yet.

scott00 commented on Pricing Americans with finite-difference   tastyhedge.com/blog/finit... · Posted by u/gituliar
quanto · 2 years ago
Indeed, a transformation (of some kind) is fairly standard, including the derivation for the standard analytic solution for European options.

AFAIK, discontinuous first derivative per se may act as a seed to an oscillation due to its high frequency content that are not captured by any finite resolution algorithm (n.b. Gibbs phenomenon). But it is Crank-Nicolson that characteristically creates these oscillatory problems -- in other words, there are algorithms that can gracefully handle the discontinuity without creating oscillation.

scott00 · 2 years ago
Yeah, the discretization interacts with the oscillation for sure. Full implicit is better than CN with regards to oscillation for instance, but I don't think would be a net win. Running a few implicit steps before switching to CN might help, though I've never tried it.
scott00 commented on Pricing Americans with finite-difference   tastyhedge.com/blog/finit... · Posted by u/gituliar
fakesson · 2 years ago
"High Performance American Option Pricing" by Leif Andersen et al is many orders of magnitude faster than any finite difference method or other PDE / tree method. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2547027

Given the exercise boundary, the American Option Price can be written exactly as a one-dimensional integral. That is the key insight to this superior method.

scott00 · 2 years ago
Is that method extensible to discrete dividends?
scott00 commented on Pricing Americans with finite-difference   tastyhedge.com/blog/finit... · Posted by u/gituliar
quanto · 2 years ago
what's a faster method than a Crank Nicolson implementation discussed in the post?
scott00 · 2 years ago
Crank-Nicolson is probably the least objectionable part of the method, but I prefer ADE.

There are two numerically painful parts of the problem: the advection term and the oscillation inducing terminal condition (because it has a discontiuous derivative). I like to deal with advection by transforming the equation to an advection free equation. I'm under NDA on the best solution to the oscillatory terminal condition so I can't give that one away unfortunately.

u/scott00

KarmaCake day1234November 30, 2012
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import base64 base64.b64decode('c3RlcGhlbnMuanNAZ21haWwuY29t')

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