Sublime
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This is Charlie Munger.
Moi Jamri • 22 cards
More generally, especially when compared to the private sector, governments are not well suited to disruption.
Cass R. Sunstein • Nudge: The Final Edition
6 discussion topics on which David agrees with Taleb:(1) [p. 286] The sterilized randomness of games does not resemble randomness in real life; thinking it does constitutes the Ludic Fallacy (his neologism). This is exactly right, and mathematicians should pay attention. In my own list of 100 instances of chance in the real world, exactly 1 item is... See more
David Aldous • Taleb, Nassim Nicholas. The Black Swan: The impact of the highly improbable. Random House, 2007.
Decentralized Science
sari and • 14 cards
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Choice architects (such as Carolyn the cafeteria director) have many opportunities to choose defaults, and they can do so in ways that are self-serving or welfare enhancing.
Cass R. Sunstein • Nudge: The Final Edition
