Booth Econ Camp Class Note Part I

Before we begin, it’s helpful to have this framework in mind: $$ \text{Utility Functions }u(\cdot) \Leftrightarrow\text{Preferences } a \succeq b \Leftrightarrow\text{Choices (aka Data) }(\beta, C) $$ Economists care about how to make the above concepts consistent (i.e. under what assumptions would the above $\Leftrightarrow$ hold mathematically). Choices and Choice Structures Given a finite set of mutually exclusive alternatives $X$: Definition. A choice structure is a pair $(\beta, C)$ with $\beta \subseteq \mathcal{P}(X)$ a family of budget sets, $C : \beta \Rightarrow X$ a choice correspondence such that $C(B) \subseteq B$ for all $B \in \beta$....

September 23, 2025

The Orthogonal Procrustes Problem

Given two matrices $A, B$, finding an orthogonal matrix $\Omega\in O(n)$ which most closely maps $A$ to $B$: $$ \min_{\Omega\in O(n)}\Vert \Omega A - B\Vert_F $$ Note: $O(n)$ means the set of n*n orthogonal matrices. The name Procrustes refers to a bandit from Greek mythology who made his victims fit his bed by either stretching their limbs or cutting them off. (Wikipedia) TL;DR: the optimal solution $\Omega^\star = UV^T$, where $U, V$ are given by taking SVD of $BA^T = U \Sigma V^T$....

September 22, 2025

Measuring the Distance of Singular Value Spaces | the Davis-Kahan-Wedin Sin Theta Theorem

bound SVD outcome by their og matrices

September 21, 2025

Singing through Joy | A Night with Joyce DiDonato & the CSO

The Chicago Symphony Orchestra’s celebratory fundraising concert took place on September 20, opening the 2025–26 season with a sense of homecoming. Symphony Center was filled to the brim, the audience bubbling with anticipation and festive spirits, rather like the champagne glasses at the pre-concert reception. The program was elegant and lighthearted curated. We began with Weber’s Oberon Overture, followed by Mendelssohn’s A Midsummer Night’s Dream — the Scherzo and the famous Wedding March....

September 20, 2025

A Night with Joffrey's Carmen

I recently attended the Joffrey Ballet’s production of Carmen, and while I had the privilege of watching from a perfect front-row, center seat (thanks to a remarkable $30 ticket), I left the theater somewhat unsettled. The dancers’ technique was solid, the orchestra gave a nice performance, and yet — something about the production went fundamentally astray. what went wrong in my pov: Carmen Herself The greatest shortcoming, in my view, lies in the characterization of Carmen....

September 19, 2025

Miniature Markets | Booth's iBid Course Auction and Carrel Lottery

Two fascinating cases of market design for grad students at UChicago. Bidding for classes At Booth, students enroll in courses through an auction system. The process runs across four stages — each a separate round of auction, with waitlist and drop-refund rules layered in. The bidding schedule for Fall 2025 quarter At the start, students are endowed with virtual currency (e.g. 8,000 Bid Points for new PhDs; returning students carry over 2,000 points per course completed)....

September 18, 2025

The Carillon on Top of the Rockefellar Chapel

There’s a carillon on the top of the Rockefeller Chapel at University of Chicago. The Rockefella Chapel viewed from the 7th floor of the David Rubenstein Forum building. It’s kinda like a piano, but instead of strings or pipes (like an organ), Carillons use bronze bells of different sizes, each producing a distinct pitch. The Rockefeller one operates pure mechanically. One very interesting fact about Carillon: its overtone is minor third, not major third....

September 17, 2025

Proof Sketch of (Adjusted) Lemma 3.5 in Matrix Estimation by USVT (Chatterjee 2015)

Some fun algebraic manipulations.

September 16, 2025

Use Audio Card in Hugo Website

You can configure Hugo Papermod file to create audio cards in websites—like pictures. Everytime you store in static/audio/track.mp3, then put the following embedding code in the markdown text: {{ < audio src="/audio/graze_the_roof.m4a" title="Graze the Roof" artist="Ariana Tang" caption="April 2022, Created using Logic Pro" cover="/audio/graze_the_roof_cover.jpeg" download=false > }} And the audio player would appear: Graze the RoofAriana Tang Your browser does not support the audio element. April 2022, Created using Logic Pro Here’s what you need to do for the above to work...

September 15, 2025

Linear Algebra Tip | Projection Matrix on Work

Professional music critiques rarely poses any aptitude for mathematics. As they like to compare musical processes unintelligible to them with the equally darksome methods of mathematical thinking, especially they hated algebra: “The science of Mousier Berlioz is a sterile algebra” (P. Scudo, Critique et Littérature Musicales, Paris, 1852); “The music of Wagner imposes mental tortures that only algebra has a right to inflict” (Paul de Saint-Victor, La Presse, Paris, March 1861); “This theme serves [Ravel] for four movements [of the String Quartet] during which there is about as much emotional nuance as warms a problem in algebra” (New York Tribune, Dec 12, 1906)....

September 14, 2025