Human Nature as We Know it
Economists' long-held concept of the rational consumer, whose always acts in his or her self interests and whose tastes never change, has been sufficiently disproven by psychologists.
What's the Latest Development?
Michael Lewis' Moneyball, an account of how baseball professionals consistently misunderstand players' talents, is relevant to our times' most pressing psychological research. When Lewis' met Daniel Kahneman, perhaps the most eminent psychologist of our era, powerful insights followed. It turns out the mind takes any information it can to give order to our complex reality. Unfortunately, it is not very selective and choices often come down to a strong belief in misinformation.
What's the Big Idea?
Kahneman's experiments won him the Nobel prize in economics even though he is not an economist by trade, but a psychologist. He showed over and over that information which is not at all relevant to a decision can often determine which road we take. The inferences we make are illogical and the part of our brain which guards against our own fallacies is extremely lazy. The result is that we rely on a series of invented concepts in order to explain the world around us. Not surprisingly, it can easily result in failure.
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New research identifies an unexpected source for some of earth's water.
- A lot of Earth's water is asteroidal in origin, but some of it may come from dissolved solar nebula gas.
- Our planet hides majority of its water inside: two oceans in the mantle and 4–5 in the core.
- New reason to suspect that water is abundant throughout the universe.
Progressive America would be half as big, but twice as populated as its conservative twin.
- America's two political tribes have consolidated into 'red' and 'blue' nations, with seemingly irreconcilable differences.
- Perhaps the best way to stop the infighting is to go for a divorce and give the two nations a country each
- Based on the UN's partition plan for Israel/Palestine, this proposal provides territorial contiguity and sea access to both 'red' and 'blue' America
SpaceX plans to launch about 12,000 internet-providing satellites into orbit over the next six years.
- SpaceX plans to launch 1,600 satellites over the next few years, and to complete its full network over the next six.
- Blanketing the globe with wireless internet-providing satellites could have big implications for financial institutions and people in rural areas.
- Some are concerned about the proliferation of space debris in Earth's orbit.
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