Pietro Ortoleva and Fedor Sandomirskiy joined Markus' Academy for a mini-series on AI for economic theorists and mathematicians. This is episode 3. Both are economic theorists at Princeton University.An AI's intelligence and stamina are substitutes. A slightly shallower model that grinds all day often gets further than a deeper one you can only afford to run for twenty minutes. Pietro compared the models available today: their preference, narrowly, is GPT-5.6, since it has more stamina than Fable. Pietro also argues that agents are fundamental in empirical work, but that for theory the browser is still enough for brainstorming.Timestamps:[0:00] The frontier since June: Fable 5, GPT-5.6, Opus 5[4:13] Intelligence and stamina are substitutes[8:53] The verdict, and what to run on a Pro, $20, or free budget[11:10] Browser or agents?
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