prior probability

On this day (11 December) in 1972, the sixth and final manned mission (Apollo 17) lands on the Moon.

My colleague and dear friend Patricia Navarro Velez was taken from us on 6 December, one of more than 40,000 people killed in gun violence in the U.S. so far this year. Here is the link to the verified GoFundMe campaign for her family: https://www.gofundme.com/f/62d9t-navarro-family

Here is a link to the original webcomic, via XKCD, and here is an explanation, via Anders Sandberg’s blog Andart 2.

The History of Economics Society (HES) will hold its 51st meeting (and celebrate the 50th anniversary of the founding of the Society) from July 14 to 18, 2024 in Santiago de Chile. (See here.) The deadline for submissions is 1 March 2024. (Alas, I may not be able to attend next year’s meeting as my family is planning to visit East Africa in June or July of 2024.)

In honor of National Pearl Harbor Remembrance Day (today, 7 December), check out the map pictured below, which I first posted here in 2017 (as well as in 2020).

In a previous post, I reviewed my scholarly comings-and-goings during the first half of 2023; below is the second half of my end-of-year review:

1. TWO NEW WORKS-IN-PROGRESS: During the summer of 2023 I began writing up two new papers. One of my papers, Die Adam Smith Probleme, was inspired by the many lectures, panels, and workshops I attended at the University of Glasgow in June of this year in honor of Adam Smith’s 300th birthday. At the same time, I was motivated to research and write my other paper, Gödel’s Loophole 2.0, to commemorate the 10-year anniversary of the publication of my most cited and downloaded law review article: Gödel’s Loophole from 2013. (I will have much more to say about both of these pending projects in future blog posts.)
2. NEW DRAFT OF TRUTH MARKETS. In addition to Gödel’s Loophole 2.0 and Die Adam Smith Probleme, both of which I began writing this past summer (see item #1 above), I revisited a third work-in-progress, my previous paper on truth markets. Starting with the feedback I received from two anonymous referees earlier in the year, I made major revisions to the paper, which I have now rechristened “Speech Markets“. (I will also have more to say about this project soon.)
3. HISTORY OF ECONOMICS SOCIETY: In June of 2013, I presented my newly-published paper “Coase’s Parable” (available here) at the annual conference of the History of Economics Society (HES), which met in Vancouver on June 23-25, 2023. (Although this conference was in person, I presented my work virtually as I was in Scotland at the time; in any case, I want to take this opportunity to shout out professors Diane Coyle and Steven Medema for their excellent questions and comments.)
4. THOMISTIC INSTITUTE: In July of 2023, I attended a four-day symposium on “Uncertainty, Confidence, and Truth in the Sciences” at the Thomistic Institute in Washington, D.C. on July 12-16, 2023. Among other things, it was at this symposium that I discovered an excellent book on the history of subjective probability theory, “Degrees of Belief” by Steven G. Vick. (I also got to visit the National Museum of the American Indian during my time in D.C.)
5. SAN DIEGO: Also in July, I flew out to California to attend the annual conference of the Academy of Legal Studies in Business (ALSB), which met in beautiful San Diego on July 25-29, 2023. (The ALSB is composed of business law professors at the college level, who meet once a year in various places to present papers and share ideas.) For me, the high point of this year’s ALSB conference was the keynote speech by Dr Wendy Patrick (brief bio here) on the “Ethics of Artificial Intelligence.”
6. REPLY TO BAUDE & PAULSEN: After my trip to San Diego, I began reviewing William Baude and Michael Stokes Paulsen’s forthcoming law review article “The Force and Sweep of Section Three”, a work that was being cited by many mainstream political pundits in support of disqualifying Donald Trump from the ballot. Among other things, I posted a multi-part review of their article over several days on this blog (August-September), converted my blog posts into a formal essay titled “The Limited Sweep and Ineffectual Force of False Analogies“, and posted my reply essay to SSRN on Sept. 14.
7. PEPSI POINTS CASE: Also in September (Sept. 22), I spoke at a panel on the Pepsi Points case at the Dwayne O. Andreas Law School in Orlando, Florida, a leading reward offer case (and the subject of an entertaining Netflix documentary) that I argued was wrongly decided on procedural grounds, and I attended a fun two-day conference on “Teaching and Learning with A.I.” at my home institution, the University of Central Florida (Sept. 24-25).
8. HOLMES : In October, I was invited to contribute to an episode of “Books that Shaped America” on C-SPAN. The episode, which first aired on Oct. 16, was devoted to the classic book The Common Law by the great North American jurist Oliver Wendell Holmes. Later that month (Oct. 27), I spoke about the life and legacy of Holmes at a meeting of the student chapter of the American Constitution Society (ACS) at the Dwayne O. Andreas Law School, along with my former colleagues Seema Mohapatra (SMU), Michael Morley (FSU), and Dan O’Gorman (Barry).
9. FALL CONFERENCES: In November, I presented parts of my works-in-progress (see items #1 and #2 above) at the fall symposium of the Journal of Law & Public Policy or JLPP at the University of Saint Thomas in Minneapolis (Nov. 17), where I had the honor of meeting Nadine Strossen as well as Professor Charles Reid in person, and at the annual Constitutional Law Colloquium at Loyola University in Chicago a week earlier (Nov. 10-11).
10. GODEL PREQUEL: Most recently, I have been rewriting and revising an old work of mine titled Gödel’s Interbellum, a kind of “prequel” to my 2013 paper Gödel’s Loophole. (I will be presenting this new/old paper at a conference in January 2024, so I will have more to say about it next month.)

In addition to my regular teaching duties, this past year I worked on several different projects and attended a number of conferences. Here, I will review my scholarly activities during the first half of 2023:

1. TRUTH MARKETS PAPER: In January of 2023, I submitted my paper on “Truth Markets” to The Journal of Free Speech Law. Outcome: rejection due to two negative (for the most part) but extremely useful referee reports. (I would later re-write and improve the paper during the second half of 2023.)
2. ADVENTURES IN A.I.: Also in January, I finally began playing around with ChatGPT; among other things, I fed some of the research questions that I had worked on in past papers into the chatbot and then shared the results of my AI adventures on this blog. (See here, for example.)
3. REVIEW OF RULE OF LAW: I began writing up an in-depth, chapter-by-chapter review of the book Rule of Law by Tom Bingham, and I posted each installment of my multi-part review to this blog. (Here, by way of example, is my review of Chapter 3.)
4. RICHARD POSNER’S LEGACY: I also began writing up a series of blog posts in honor of my intellectual mentor and hero Richard Posner, starting with this one.
5. CONFERENCES: Next, I attended two cool conferences during the month of March: one on March 10, 2023 on the topic of “Advanced Air Mobility” at my home institution, the University of Central Florida in Orlando, Florida, where I discussed the pros and cons of regulating the new “flying car” industry; the other on March 17-18, 2023 on new developments in the law of contracts (the Sixteenth Annual International Conference on Contracts or KCON XVI) at Texas A&M University School of Law in Fort Worth, Texas, where I presented my work-in-progress on “belief contracts”. (Here is a selfie I took of my panel at KCON.)
6. ADAM SMITH REVIEW. In April my review of Our Great Purpose: Adam Smith on Living a Better Life by Ryan Patrick Hanley was published in Volume 13 of The Adam Smith Review. (See here.)
7. ALMA MATER: Also in April, my wife and I visited my college alma mater, the University of California at Santa Barbara, where I conducted research on one aspect of Adam Smith’s life — his studies at Oxford in the 1740s — and wrote up the first draft of my paper “Adam Smith, David Hume, and the Balliol College Conspiracy“, which is now under review at the Journal of the History of Economic Ideas.
8. FIRST DRAFT OF OUTER SPACE AUCTIONS: In May of 2023, I finally got around to writing my “shitty first draft” of a formal paper I had been actively researching since December of 2021. (In fact, I had already done so much research on this particular topic that the paper practically wrote itself!)
9. COASE’S PARABLE: Also in May (25 May, to be precise), my law review article “Coase’s Parable” was published in the Mercer Law Review. (This is another paper that practically wrote itself back in the summer of 2022, for I have been fascinated with the Coase Theorem since my first year of law school, when my torts professor Guido Calabresi introduced me to Ronald Coase’s classic paper “The Problem of Social Cost” in the fall of 1990.)
10. ADAM SMITH 300: In June of 2023, my family and I crossed the Atlantic Ocean to celebrate the tercentenary of Adam Smith’s birth in Scotland. In addition to attending a series of public lectures at the University of Glasgow and presenting my work on Adam Smith’s friendship with Horace Walpole, I also got to meet such luminaries as Sir Angus Deaton, Ryan Patrick Hanley, Dierdre McCloskey, and Craig Smith (no relation); visited David Hume and Adam Smith’s graves in Edinburgh; and got to take a private tour of Panmure House, where Adam Smith lived during the last 12 years of his life — highlights that I shall never forget!

Note: I will write up the second half of my year in review in the next day or two.