Scott Kominers
@skominers
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Market Design/Entrepreneurship Professor @HarvardHBS & Faculty Affiliate @Harvard Economics; Research @a16zcrypto ; Editor @restatjournal ; Econ @Quora ; … | #QED
Harvard University
Joined May 2011
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Pinned Tweet
𝐓𝐡𝐞 𝐄𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐓𝐨𝐤𝐞𝐧, coauthored with
@NFTbark
-- available for pre-order now 📚👀
We attempt to demystify NFTs and explain why they’re valuable -- and what they mean for the future of business.
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I mean from the perspective of a Bayesian, can we really give any ex ante credence to the possibility that someone named Bayes had important mathematical observations?
The average person never makes a novel contribution to probability theory, so how could we expect any given…
SBF using population statistics to argue why Shakespeare sucks is peak SBF
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Fun fact: in what is kind of the most excellent coincidence I have ever seen, today's economics laureate
@PikaGoldin
has a new
@nberpubs
working paper out this morning called "Why Women Won."
(This really presumably is a coincidence because not only is it not possible to…
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As far as I can tell from this site, while it does provide access to free tests (assuming you haven't already ordered the maximum of 8), it doesn't actually provide any of those other things; rather, it gives hard-to-navigate information on where you might potentially find them.
- Free vaccines
- Free at-home tests
- Free high-quality masks
- Free lifesaving treatments
You can find all this and more at , a new one-stop shop to access COVID-19 resources and get the latest guidance for your community.
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Lol so I'm teaching a brand new case study about
@BoredApeYC
in my MBA course next week; it's so hot off the presses that it's not even cleared for circulation outside of
@HarvardHBS
yet...
... and it's already out-of-date.
Happy $APE day, QED 🙈
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If NFTs are all about enabling ownership, then why would creators choose to give away intellectual property rights through creative commons licensing (cc0)? 🤔❓❔❓
@flashrekt
and I explain in a new
@a16z
crypto article:
🧵👇
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I'm incredibly honored and excited to be part of the founding research team at
@a16z
crypto!
This is a new initiative that brings together scholars and builders to push the boundaries of crypto theory and practice – and hopefully advance the entire space.
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I'm thrilled and incredibly honored to have been awarded tenure at
@HarvardHBS
.
This moment has proven a good reminder of how essential all of my friends are in energizing and inspiring me. Thank you all so, so much for being so awesome.
QED.
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Thrilled to have a piece with
@NFTbark
in
@HarvardBiz
today explaining why we think NFTs are real and here to stay.
The piece features art by
@VinnieHager
, along with
@BoredApeYC
,
@RealSupDucks
, and
@GutterCatGang
.
Thread below 👇
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Don't get me wrong -- I'm VERY glad we've improved access to Paxlovid!
But posting increased treatment counts isn't the win that
@WhiteHouse
apparently thinks it is.
What we want to do is reduce transmission, so the number of people needing to get treatment would go *down*.
Thanks to the Biden-Harris Administration’s COVID-19 response, more tools are available than ever to protect against and treat COVID. In July, over one million Americans benefited from Paxlovid – a pill that reduces the likelihood of hospitalization or death by about 90%.
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Why build in web3?
@Jad_AE
and I explain in
@HarvardBiz
:
The "web3 way" – building open platforms that directly share value with users – can create more value for everyone, including the platforms(!).
How so?
Thread 🧵👇
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Last weekend, the puzzle and game community lost one of its shining stars:
#AlexTrebek
, legendary host of the game show
@Jeopardy
.
This week's
@bopinion
#Conundrum
is a tribute to him.
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In retrospect, we probably should have *always* had masks in many/most healthcare settings. They would be a good idea even if there weren't still a raging pandemic going on.
So the push to remove them baffles me -- especially when it comes from the medical establishment.
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So proud of my student Ravi Jagadeesan, who has just accepted an offer to join
@Stanford
's Economics Department faculty 🥳🥳🥳🥳🥳, QED!!
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Who among us has not discarded all of Galois theory on the basis that it seems rather unlikely that someone who died in a duel might also have revolutionized the field of abstract algebra?
@littmath
@ben_golub
@wirelyss
SBF using population statistics to argue why Shakespeare sucks is peak SBF
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economics
What’s a word that has a drastically different meaning in your field from the meaning the general public ties to it?
I’ll start: behavior
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This is totally absurd. We could have built a website with this level of (non-)functionality two years ago 🤦♂️! And *why* can't we just mail people masks!?
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@heavyredaction
Fascinating. I wonder if there are any other currently circulating health risks that are associated with vascular sequelae
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@asv141
Seems like a regressive policy thb since anyone who proves the Riemann hypothesis gets a million dollars in prize money.
(Yes, I am aware that is the least silly thing about this proposal 💀)
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Happy New Year! 2022 will be historic for numerous wonderful reasons.
How can I be so sure of that? Math!
A thread: 👇🧵
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A "one-stop shop"? That is literally false -- to get the free masks, you have to go to a CVS.
- Free vaccines
- Free at-home tests
- Free high-quality masks
- Free lifesaving treatments
You can find all this and more at , a new one-stop shop to access COVID-19 resources and get the latest guidance for your community.
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Using percentage-of-deaths-in-region as a metric for thinking about a preventable illness is absurd even leaving aside all of the risks from "mild" Covid cases.
Suppose drunk driving deaths doubled. According to
@CDCgov
, that means we should care less about preventing Covid!?
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This is special.
Two years ago
@NFTbark
and I collaborated for the first time, coauthoring the first
@HarvardBiz
article about NFTs.
Yesterday we received the first copies off the presses of our book with a major publisher.
And, along the way, we became great friends.📙🧡
This is special.
Two years ago
@skominers
and I collaborated for the first time, coauthoring the first
@HarvardBiz
article about NFTs.
Today we received the first copies off the presses of our book with a major publisher.
And, along the way, we became great friends.📙🧡
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Apropos of nothing in particular, I've been thinking about my advisor Al Roth's keen observation that "rules that shouldn't need to be rules" are often a sign of market failure.... 👇
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For example
@VP
says the website gives access to "free masks." Really? Here's what you see when you go to the site:
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This isn't available at Newark Airport. This is why Americans think the economy is terrible.
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@wsbgnl
Weird I thought a pandemic was a technical concept from epidemiology, but I guess maybe it was always just a state of mind 🤔🤦♂️
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Some news: as of earlier this month, I am Theory editor at
@restatjournal
!
I'm very grateful to
@RFisman
and Will Dobbie for the opportunity 🙏
And I'm especially excited that
@john_eric
and
@t8el
will be joining as associate editors 🙌
Please send us awesome papers, QED!
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Misinformation is on a massive rise, and social media platforms are scrambling to figure out what to do about it.
In
@TheAtlantic
today, my
@Harvard
colleague Jesse Shapiro and I offer a surprising answer: 👇👀
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Making auction theory work in practice makes for a very, very well deserved
@NobelPrize
. Congratulations to Paul Milgrom and Bob Wilson, QED!
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Curious (or skeptical) about NFTs?
@NFTbark
and I are writing a book about what NFTs are, how they create value, and how both businesses and consumers can leverage them. 👇👀
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Do the collapses of FTX, Celsius, and Terra signal the end of crypto?
No, but they do show why we need
#DeFi
.
With
@BernsteinShai
in
@HarvardBiz
this morning:
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If
@ben_golub
won't debate me live on a podcast about eigenvalues, then I guess we have no choice but to conclude that the Spectral Theorem is false.
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SEDENTARY (adjective) sed·en·tar·y
Lacking in activity, such as commuting to work in a car and sitting at a desk there
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1/ Here’s a (seeming) paradox: If digital space is infinitely expansible, then how can there be scarcity? And how should builders and users think about the value of digital land and other spaces in the metaverse? 🧵👇
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Thanks so much to
@br0wnblockchain
and
@HollanderAdam
for joining my
@HarvardHBS
class today to talk about virtual real estate, NFTs, and "Making Markets" in the metaverse
@whitesandsgame
! 💻🌴
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IT'S FINALLY HERE!!
This is special.
@cdixon
has been one of my biggest intellectual influences for years -- and a close friend and mentor on my personal Web3 journey.
I had the honor of READing an early draft, and can confirm that this book is the definitive take on how Web3…
My new book is finally here -- published today in the U.S.! 🟧
I hope you pick it up, share it, debate it with me.
Looking forward to your feedback.
More editions in more languages coming soon.
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@williamlegate
Hmm maybe he should consider adding more moderation to the platform at the top level so there wouldn't be so many people that need to be individually blocked 🤔
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Who could possibly have predicted that uncontrolled spread of highly infectious respiratory viruses would lead to more big waves? 😮
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If enough students express interest,
@BernsteinShai
and I will teach a web3/crypto mini-course at
@HarvardHBS
this winter.
Here's the promotional video, featuring
@chain_runners
,
@Nifty_Island
, and
@HologramLabs
.
Are we gonna make it? 😀🙏
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If your operational model starts out centralized, is it doomed to stay that way?
Not at all!
Progressive decentralization is possible, as
@Jad_AE
and I discuss today in
@a16zcrypto
:
🧵👇
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In our
@HarvardBiz
article last week,
@Jad_AE
and I discussed not only the value web3 provides [], but also how it may (and may not) change business strategy.
(thread 👇)
Why build in web3?
@Jad_AE
and I explain in
@HarvardBiz
:
The "web3 way" – building open platforms that directly share value with users – can create more value for everyone, including the platforms(!).
How so?
Thread 🧵👇
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Happy to announce the hiring of my bwainy new research assistant:
A recent graduate from Gobblesteen University, he studied media and communications, interning at both
@g_weakli
and
@GTN_wtf
.
What should I put him to work on first?
@goblintown
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I'm incredibly honored to be giving the
@HarvardCMSA
/Tsinghua Math-Science Literature Lecture on Monday:
"60 Years of Matching: From Gale and Shapley to Trading Networks"
The session is open-registration, so please attend if interested 🙏
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This is not, generally, how markets work.
My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril.
Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now.
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Who among us has not discarded all of Galois theory on the basis that it seems rather unlikely that someone who died in a duel might also have revolutionized the field of abstract algebra?
@littmath
@ben_golub
@wirelyss
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The 2010s were mathematically glorious
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I don't have any
@goblintownwtf
, but hey, they're cc0 – so here goes:
Whᵒ ᵃr dₑe gobᵇoₛ?
Gᵤd kwₑzdⱼᵤₙ! Sulᵛ dᵢₛ puzᵉᵉl, uₙ dyₑw ᶜᵤd ₘebₑₑ wₑₙ ₛᵤₘ (ₛₘaₗₗ) ˢᵗᵘf!
Reeᵀʷᵉᵉ fawₗₒₕ & subₘₑₑₜ ₐnsₑₑrz ₕeᵉᵉʳ:
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An NFT mint largely determines who your community is, and how they and the broader market view the project.
The question is, then: How can a new NFT project recruit holders who share the project’s values and goals?
Read on! 👇👀
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... and it appears there's only one in this ZIP code.
Do they have any free masks? Who knows??
I called them, spent several minutes navigating a phone tree, and then was just told that they were given some free masks to give out while supplies last 🤷♂️
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When your students appreciate your module (w)raps, you know you're teaching at the right school 😀
@HarvardHBS
@HBSAlumni
When your prof raps class module summary, you know you are at the right school
@skominers
@HarvardHBS
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Plus as
@wsbgnl
points out, currently Paxlovid is earmarked for high-risk individuals; we shouldn't be celebrating the fact that the number of high-risk individuals getting infected is going up, even if we are successfully getting them treatment.
In June and July, over two million Americans who are at elevated risk of serious illness from covid were infected
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New paper with Mirac Suzgun,
@lukemelas
,
@SuproteemSarkar
, and
@pmphlt
:
We introduce the "Harvard USPTO Patent Dataset," a multi-purpose corpus of more than 4.5 million US patent applications, for use in natural language processing and innovation science
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I first met
@garyvee
when I was in grad school at
@HarvardHBS
, and I still have a bottle of wine from a tasting he hosted for us.
I'm a huge fan, and with my coauthor
@NFTbark
rockin' the Brave Bison, it was time.
Welcome home, Prudent Polar Bear
@veefriends
, QED.
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"Those [...] for whom a 'return to normal' is more urgent than stemming the continuing tide of death and suffering are the real pied pipers in this tale."
@gregggonsalves
, brilliant as always, in
@thenation
:
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OK, so that took multiple clicks, but assuredly we must be there, right?
Wait, no -- this just lists pharmacies and other sites participating in the program; they don't know anything about inventory...
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2019 = 1 + 4 + 8 + 9 + ... + 243 is also the sum of the first 22 perfect powers. The sum of the first 21 perfect powers was an exciting year: 1776.
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Okay so 𝟮𝟬𝟮𝟰 𝗵𝗮𝘀 𝗮 *𝗹𝗼𝘁* 𝗼𝗳 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗶𝗻𝗴 𝗻𝘂𝗺𝗲𝗿𝗶𝗰𝗮𝗹 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝗶𝗲𝘀, 𝗮𝗻𝗱 𝗜 𝗷𝘂𝘀𝘁 𝘀𝗽𝗲𝗻𝘁 𝘁𝗵𝗲 𝗲𝗻𝘁𝗶𝗿𝗲 𝗱𝗮𝘆 𝗰𝗮𝘁𝗮𝗹𝗼𝗴𝘂𝗶𝗻𝗴 𝘁𝗵𝗲𝗺.
Here are a few: 👇🧵
2024 = 2^3 + 3^3 + 4^3 + 5^3 + 6^3 + 7^3 + 8^3 + 9^3 is the…
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I'm really excited to have had the opportunity to write a bit on
#NFTs
as part of this year's
@HarvardHBS
business trends roundup!
TL;DR below 👇
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If you had told me that I would one day have a trending new release in "Money & Monetary Policy," I would never have believed you. 😅🙏
𝐓𝐡𝐞 𝐄𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐓𝐨𝐤𝐞𝐧 📙. Tomorrow. QED.
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So glad to have had the opportunity to present my work on "Redistributive Allocation Mechanisms" in
@a16z
crypto's new research seminar series:
(joint work with
@akbarpour_
and Piotr Dworczak, QED)
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@DougJBalloon
I called it!
@TimOBrien
"Trump fell asleep in court today. Here's why that's bad news for Joe Biden"
@DougJBalloon
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Clicking the link takes you to the
@CDCgov
page on masking, which is pretty hard to navigate. But midway down, we do indeed see:
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The NFT sale market design primer you didn't even know you were looking for this Saturday afternoon -- auctions, allow-lists, and more from
@Tim_Roughgarden
and me via
@a16z
crypto:
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Holy cow –
@biginc
named me (Fifth-Best) Employee of the Month! And that's not all… 🤯
(Thanks so much
@truth
,
@goblintown
,
@ZDestories
, and especially BiG MiSTER – could never have done this without you 🙏)
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So proud to be part of this team.
📙🟧
@a16zcrypto
Our office bookshelves in NYC, now featuring
@skominers
.
Coming soon: Read Write Own by
@cdixon
.
📚
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So apparently I'm now in a Wizard's Cult.
Meet Wild Mage Ratko 🧙♂️ and his pet rat, Rat 🐀.
Thanks so much to
@HollanderAdam
for introducing me to the
@forgottenrunes
🙏!!
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Probably nothing
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Excited to announce a new paper with Piotr Dworczak,
@marco_reuter
, and
@ChanghwaLee_
:
We give a framework for "𝗢𝗽𝘁𝗶𝗺𝗮𝗹 𝗠𝗲𝗺𝗯𝗲𝗿𝘀𝗵𝗶𝗽 𝗗𝗲𝘀𝗶𝗴𝗻" – with applications to everything from concert ticket and NFT sales to college admissions/affirmative action policy.…
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I have to say I'm super impressed with the grumpls. Not only did
@process_grey
/
@goblintown
elegantly meld together a diverse group of artists and styles, but in doing so, they created a collection that many quite different types of people can all find themselves in at once. 🎩☯️
@goblintown
has always been about community, and we see grumpls as a way to celebrate some of the creators that make this space special.
(my favorite 🧵 ever 👇)
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.
@DLeonhardt
's ability to misunderstand statistics is second to none.
The elderly die of cancer more frequently than children, too -- but we certainly don't think of childhood cancer as "not a big deal!"
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This is me this, is also me
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Thanks so much to
@PirateNationNFT
for this
#NewProfilePic
!! An incredible likeness 😎
YARR, QED 🦜
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👀
ₛₑₑₑwᵢₒᵤₛ ᵢₙᵥₑₛₜₒᵣᵣᵣᵣᵣᵣ & ₚᵣₒfₑₛₛₛₒᵣᵣᵣᵣ
@skominers
wₑₗcᵤₘ ₜₒ
@goblintownwtf
aaᵤaaᵤᵤᵤggggggₕ
#goblinfollowgoblin
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It's been a long time coming, but as of today I'm super excited to finally be joining the
@KitaroStudios
Adventure, along with my magic frogger friend 😁
🎩
🐸
(
@wenkamiyama
I hear it might be possible to get a gif rendition somehow? 👀)
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🧡🧡🧡
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Making auction theory work in practice makes for a very, very well deserved
@NobelPrize
. My take via
@bopinion
:
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Happy New Year! 2023 is *awesome* 🥳
How do I know that? Simple math!
🧵👇
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