The funny news (five years ago), original by Metro’s Basit Mahmood: Chinese businessman Tan Youhui was looking for a hitman to take out a competitor, Wei Mou, and was willing to pay 2 million yuan (£218,000) to get the job done. The hitman that Mr Youhui hired decided to offer the job to another hitman for half the original price. The second hitman then subcontracted to another hitman, who then subcontracted to a fourth, who gave the job to a fifth. ...

Two things that are notoriously slippery to pin down: fairness and democracy. Fairness—what is it, really? To me, fairness is just another way of thinking about efficiency. To elaborate, we often define efficiency as the sum of everyone’s value or surplus. But maybe that’s too simplistic. What if fairness is just a more complex version of that same idea? Instead of a straightforward sum, fairness might be a more intricate mapping of each participant’s value into the final outcome. In the end, achieving fairness feels a lot like maximizing some kind of welfare function—it’s just a matter of balancing competing interests and getting the best overall result. ...

The story starts with today’s law class. For the last topic of this semester, we dove into healthcare policies—And wow, the slides are a work of art: Yes, I’m flexing on my course materials. It is titled ‘A Glimpse into U.S. Society from Supreme Court Rulings’ Healthcare in the United States used to be (and might still be) a mess (but who’s doing good, anyway?) Going to the hospital is expensive, so most people don’t pay directly out of pocket and instead have it covered by private insurance or government programs. In some way, the market’s design in US has created a vicious cycle. ...

December 15th is the unofficial standard for PhD applications starting next fall, but of course, academia loves its quirks. Columbia Business School goes for December 16th, Carnegie Mellon wraps up by December 11th, and some elite schools close as early as December 1st. Some schools seem more relaxed, with deadlines stretching into January. Let’s be honest—I guess no one’s reading applications until after winter break anyway. Fast forward to the next big date: April 15th. This one often gets billed as a “decision deadline”—UCLA’s FAQ clears it up: ...

Supply chains are the unsung heroes of every industry—arguably as important as market rules, if not more so. And when it comes to China’s most popular drink, lemonade, the role of supply chains becomes even more crucial. Today’s story is of how MiXue, one of China’s most successful beverage brands, conquered the market with its mastery of supply chain innovation. MiXue dominates the low-price milk tea market in China, earning it the title of ‘Starbucks of low prices.’ ...

One of my coauthor shared this immensely inspiring advice with me: write the paper first by Jason Eisner (2010). In short: If you’re planning to submit a conference paper, I’d like to strongly suggest that you spend the next few days just writing the paper (even if you haven’t yet planned or finished the experiments). The motivations is explained from the perspective of getting computer science papers ready for submission to conferences: ...

NY Times have the story It’s Ariana Grande vs. Selena Gomez at the Oscars, at Least in Fans’ Minds By Esther Zuckerman, Dec. 10, 2024 link Pop music fans are notoriously ruthless — far more so than movie lovers. Their loyalty is unwavering to the point that they take aim at anyone who dares to criticize their beloved stars… It’s not as if pop stars have never competed for movie prizes. Cher and Barbra Streisand might have something to say about that. More recently Lady Gaga was nominated in 2019 for her role in A Star Is Born. ...

It’s the first Ice Age for AI, but certainly not the last: First ChatGPT is currently unavailable. Status: Identified - We have reports of API calls returning errors, and difficulties logging in to platform.openai.com and ChatGPT. We have identified the issue and are working to roll out a fix." Later some of my friends found out: ChatGPT is at capacity right now As you read this message, please take a moment to pause and breathe. Notice the sensations in your body and the rhythm of your breath. Remind yourself that you are not alone in wanting to try out ChatGPT. Many others are interested in it as well. Be patient and know that the website is doing its best to accommodate everyone. Trust that the right time for you to try ChatGPT will come. In the meantime, continue to focus on your breath and stay present in the moment. ...

Some interesting facts on how actually people use Google Search, research conducted by Backlinko—an analysis of 1801 Google user behavior. Some key findings highlights: 50% of Google users click on their results within 9 seconds of searching. And the average amount of time it takes a Google searcher to click on something is 14.6 seconds. … Although this varied widely depending on the query, 19% of searchers click on a Google Ad during their search. ...

When I slid out of my weekly group meeting and logged into my Zoom call with Professor Yinyu Ye, I was surprised to find him in a classroom just like me—likely at a university in Hong Kong (HK Tech, perhaps?). All three of us had just logged off other meetings to hopped into this interview, which really feel casually—profound. ...