Sublime
An inspiration engine for ideas
Listening to Professor Jung talk, he couldn’t decide if the man was a genius or a crook. But when Professor Jung announced one day that he would spend the equipment budget on three cases of hard liquor, Dr. Lee thought he finally had some measure of what this man was: a nutcase. But this conviction faltered when Dr. Lee heard how the liquor would b
... See moreMyung-hoon Bae • Tower
Mindless shopping and the left-digit bias
Dr. David Lewis • The Brain Sell: How the new mind sciences and the persuasion industry are reading our thoughts, influencing our emotions, and stimulating us to shop
In a paper titled “Trading Is Hazardous to Your Wealth,” they showed that, on average, the most active traders had the poorest results, while the investors who traded the least earned the highest returns. In another paper, titled “Boys Will Be Boys,” they showed that men acted on their useless ideas
Daniel Kahneman • Thinking, Fast and Slow
David Swensen’s Unconventional Success or Joel Greenblatt’s You Can Be a Stock Market Genius.
Laurence Endersen • Pebbles of Perception: How a Few Good Choices Make All The Difference
Tyler Cowen
open.spotify.comJournalism, Subscriptions, and Podcasting with Li Jin and Nathan Baschez
podcasts.apple.comOur society has a love/hate relationship with quantification. The consensus is that we’ve OD’d on numbers and need to step back into a more intuitive state. I certainly feel that and find value in it too, but I’m still a number-head.
In fact, this category of natural experiments—utilizing sharp numerical cutoffs—is so powerful that it has its own name among economists: regression discontinuity. Anytime there is a precise number that divides people into two different groups—a discontinuity—economists can compare—or regress—the outcomes of people very, very close to the cutoff.