Adolph Fischer was not a happy man. Fischer was a labor leader in the late 1800s and spent his short life in poverty. His primary claim to fame was being accused, based on perjured testimony, of inciting the Haymarket riots. He was nowhere near them. Fischer was sentenced to death by hanging due to this… Continue reading Why Your Imagination Will Ruin Your Future (and How to Stop It)
I was an economics major in college, which means I heard the terms "rational consumer" and "opportunity cost" a lot. The former was pretty clearly a joke - a cursory glance reveals that few people behave rationally as defined by the whiteboard and dry erase marker crowd. If they did, sales of compressed carbon (diamonds)… Continue reading Pruning the Possibility Tree: The Simplest Way to Make Better Decisions