4 papers
Scaling Efficient LLMs
B. N. Kausik
Recent LLMs have hundreds of billions of parameters consuming vast resources. Furthermore, the so called "AI scaling law" for transformers suggests that the number of parameters mu…
Equity Premium in Efficient Markets
B. N. Kausik
Equity premium, the surplus returns of stocks over bonds, has been an enduring puzzle. While numerous prior works approach the problem assuming the utility of money is invariant ac…
Cognitive Aging and Labor Share
B. N. Kausik
Labor share, the fraction of economic output accrued as wages, is inexplicably declining in industrialized countries. Whilst numerous prior works attempt to explain the decline via…
Long Tails, Automation and Labor
B. N. Kausik
A central question in economics is whether automation will displace human labor and diminish standards of living. Whilst prior works typically frame this question as a competition…