Ethan Ding on the economics of providing LLM services:

when you're spending time with an ai—whether coding, writing, or thinking—you always max out on quality. nobody opens claude and thinks, "you know what? let me use the shitty version to save my boss some money." we're cognitively greedy

Scott Sumner's final EconLog post:

In my view, people focus far too much on individual issues and far too little on the essential role of integrity in the political process. We should demand that politicians tell the truth. We should demand that politicians refrain from corrupt practices. We should demand

A multi-agent research system that uses OpenAI's o3-deep-research model to conduct comprehensive research with automatic extraction of key insights. The system uses markdown-based prompts with dynamic placeholder replacement and configurable extraction templates to generate structured research outputs.

Uses OpenAI o3-deep-research with web search and code interpreter tools
Processes

A streamlined version of Tiktokenizer for Happy Robots demo purposes