Let's say I offer you a chance to peer into a tiny box. In the box, there's a card. On the card, there's a number. The number is how many hours you have left to live. It would take a lot of courage to look at that number. But you're young and healthy, so you… Continue reading Playing Grand Theft Life
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