@BehavioralMacro to his credit he did warn us... https://twitter.com/chamath/status/1363571801289154560
Im about to really fuck some shit up...just fyi.
Prosperity comes with three terminal diseases: debt, obesity, and tourism.
[BoP, 3rd ed.]
I think the implications of the Nature piece on the bias toward complexity is to underline the need for governments to create routines where they examine existing processes from the perspective of citizens, and seek to simplify, what @CassSunstein describes as "sludge audits."
Things are never dangerous because they are fragile, they are only dangerous when you don't know that they are fragile.
[BoP, 3rd ed.]
There are some people about whom whatever you may say will be true.
[Bed of Procrustes, 3rd ed]
Listen to this. You just might learn something, or save yourself.
Always learning from @mark_dow @AnthonyCrudele
These guys forgotten more about trading that I’m still learning
I will add my own quote to this
Misdirected anger has lead many astray
Tidligere Goldman Sachs partner er blitt sjef for det amerikanske finanstilsynet (SEC). #GS_rules_the_world
Gary Gensler was sworn in Saturday to be chairman of the Securities and Exchange Commission, where he’ll be President Joe Biden’s top cop on Wall Street https://trib.al/ckliMbn
Recently accepted by #QJE: “What Do Consumers Consider Before They Choose? Identification from Asymmetric Demand Responses,” by Abaluck (@jabaluck) and Adams-Prassl (@abicadams): https://economics.harvard.edu/files/economics/files/ms29358.pdf?m=1613498782
Fans of Daniel Kahneman, @CassSunstein, and @SibOliv ... get ready because NOISE is coming May 18th. http://www.readnoise.com
Fabulous, very important paper by @alexoimas and colleagues: Ownership, Learning, and Beliefs. Forthcoming, @QJEHarvard
Some Benefits and Costs of Cost-Benefit Analysis (forthcoming, Daedalus).