Today Chicago is 3 degrees warmer than the North Pole… Preposterous (In Celsiu) A warm winter Largo for my fellow in the cold:

As the title suggests, this short and sweet piece is a love song: Elgar finished the piece in July 1888, when he was romantically involved with Caroline Alice Roberts, and he called it “Liebesgruss” (‘Love’s Greeting’) because of Miss Roberts’ fluency in German. On their engagement she had already presented him with a poem “The Wind at Dawn” which he set to music and, when he returned home to London on 22 September from a holiday at the house of his friend Dr. Charles Buck in Settle, he gave her Salut d’Amour as an engagement present. (Wikipedia) ...

Sometimes I embed music playing links onto my website. The workflow is as follows: Create assets/css/extended/custom.css and paste: /* Apple Music Embed */ .music-embed { max-width: 660px; border-radius: 12px; overflow: hidden; box-shadow: 0 4px 20px rgba(0, 0, 0, 0.15); } .music-embed iframe { display: block; width: 100%; border: none; } /* Alignment */ .music-embed.left { margin-right: auto; } .music-embed.center { margin-left: auto; margin-right: auto; } .music-embed.right { margin-left: auto; } /* Width modifiers */ .music-embed.small { max-width: 400px; } .music-embed.full { max-width: 100%; } I am ok with directly writing html code in markdown files (if you prefer another layer of abstraction, you can create an .html file in layouts so that embedding is more straightforward) ...

Mean reversion is a property some models have and some data exhibits. It’s not a law. It’s a useful lens but requires specifying the mechanism and checking whether it actually holds. So let’s check the conditions. In our Macroeconomics with Heterogeneous Households class, for the continuous-time model of an individual household with (Poisson) income shock, consumption follows the following dynamic: Courtsey to Professor Kaplan’s Course material… If you’re interested in more about the math/model. ...

The Grand Budapest Hotel (2014) written and directed by Wes Anderson was inspired by Zweig’s Die Welt von Gestern. It’s the pinnacle of color grading and metaphors. The film got 9 academy award nominations and won 4. The movie’s intrinsic core is quite obvious. To be frank, i think his world had vanished long before he even entered it. but i will say, he certainly sustained the illusion with a marvelous grace. ...

Tchaikovsky only wrote one violin concerto. There’s an interesting love story behind it. Tchaikovsky fled to a resort by the Lake Geneva to escape from his unfortunate marriage. His composition pupil, the violinist Iosif Kotek joined him… Another source of anxiety was Kotek, who joined Tchaikovsky’s party later. Writing to Anatoly on 6/18 March, Tchaikovsky implicitly compared the young violinist’s financial dependence on him and others to his own dependence on Mrs. von Meck. “In my heart of hearts I am not exactly angry at him, yet I find it somehow unpleasant that he is growing accustomed to living on other people’s money,” he wrote. “But I shall never dare articulate this to him.” At the same time, Tchaikovsky found himself moved by Kotek’s love for him and valued immensely “his kind heart, his simplicity and naïveté.” The result was yet another little drama: conflicting feelings on Tchaikovsky’s part, Kotek’s realization that his teacher’s affection is “no longer as before,” and, in turn, Tchaikovsky’s annoyance at them both. “I cannot tell him the whole truth,” he explained to Anatoly, “nor do I wish to upset him. In short, there are moments when I am angry at myself and angry at him and the result of all this has been the sulks.” In the next breath, however, he sought to reassure his brother, apparently with sincerity. “But do not pay attention to this, and do not think that he is a burden to me. In the first place, I enjoy making music with him; in the second, he is essential for my violin concerto; in the third, I love him very, very much. He has the kindest and most tender of hearts, and his character is extremely comforting and pleasant.” ...

This is a problem from Theory of Income II problem sets. Courtesy to Elle Edmonds who worked out this problem with great clarity. All the contributions are hers and mistakes are mine. Inequality in the Neoclassical Growth Model For standard NGM: given CRS technology $F(K_t, X_t L_t)$ with capital accumulation $\dot{K}_t = I_t - \delta K_t$ and TFP growth $\dot{X}_t/X_t = g > 0$. Agents: Measure $\pi_c$ of capitalists: endowed with $k_0$, no labor, rent capital competitively Measure $\pi_w$ of workers: no initial wealth, each supplies $1/\pi_w$ units of labor inelastically Preferences: Both types maximize $\int_0^\infty e^{-\rho t} \ln C_{it}\, dt$, $ i \in \{c, w\}$. ...

The Price Theory II class crashed through these three topics within three 80minutes lectures (spoiler alert: we are also going to finish Arrow’ Impossibility Theorem for voting in one). Though the logic sequence goes vNM -> Savage -> Anscombe-Aumann. vNM and anscombe-aumann’s space of alternative has good topological structure, so the intuition is easier. But Savage’s version is discrete hence makes it complicated. Von Neumann–Morgenstern utility theorem Wikipedia Page Savage’s subjective expected utility model Wikipedia Page ...

This quarter I’m taking Professor Candogan’s Frontiers in AI for Operational Decision-Making (BUSN 40915). We swept through the fundamentals of AI for the first two weeks. My opinion may be biased because I am already preloaded with all the AI terminologies, but the course infused extreme clarity into my understanding. The following are key slides that I found informative/inspiring. Courtesy to Professor Candogan — I don’t own copyrights! All mistakes are on my own. ...

Academic industry is a beautiful ecosystem that has contributed a lot to human. It’s more easy to criticize something that is supposed to be perfect and pure. This is an article based on paper The junkification of research by Martina Linnenluecke and Carl Rhodes: The 5 stages of the ‘enshittification’ of academic publishing Martina Linnenluecke, Carl Rhodes | The Conversation | January 5, 2026 The social media platforms, e-commerce sites and search engines they were using had noticeably deteriorated in quality. Many had begun to prioritise content from advertisers and other third parties. Profit became the main goal… Enshittification isn’t just confined to the online world. In fact, it’s now visible in academic publishing and occurs in five stages. The same forces that hollow out digital platforms are shaping how a lot of research is produced, reviewed and published. ...