1 hour ago · Culture · hide · 0 comments

August was the busiest month yet for Misaligned Markets, with five blog posts and three podcast episodes. Here is what we covered.Aug blog postsBad eggsBad Eggs: How Big Egg cracked the market interface and scrambled pricesA recent DOJ complaint gives a masterclass in how to use market position to exploit market mechanisms.An eggcellent case study on Urner Berry, the egg producer who authors benchmarks used to price eggs. The largest egg producers colluded to raise egg prices with bids tailored to game how Urner Berry mesured market performance. This post uses this case as an example of my “capitalist serialization” framework which illustrates how markets create abstractions (like pricing benchmarks) to make complex realities operable, and how those abstractions can be captured.4 Questions to beat AI hypeThese 4 questions are the antidote to AI hypeThe next time you encounter AI claims stop and ask yourself four questions.The first in a series called “Take the Antidote” where I…

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