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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The Canadian professor has an extensive collection posted on his site.
- Peterson's Great Books list features classics by Orwell, Jung, Huxley, and Dostoevsky.
- Categories include literature, neuroscience, religion, and systems analysis.
- Having recently left Patreon for "freedom of speech" reasons, Peterson is taking direct donations through Paypal (and Bitcoin).
Cosmologists propose a groundbreaking model of the universe using string theory.
- A new paper uses string theory to propose a new model of the universe.
- The researchers think our universe may be riding a bubble expanded by dark energy.
- All matter in the universe may exist in strings that reach into another dimension.
Despite incredible economic growth, it is not necessarily an investor's paradise.
- China's stock market is just 27 years old. It's economy has grown 30x over that time.
- Imagine if you had invested early and gotten in on the ground floor.
- Actually, you would have lost money. Here's how that's possible.
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