Commensurate
Y los millones de mujeres con mayores probabilidades de abortar tras el caso «Roe contra Wade» —madres pobres, solteras, adolescentes para quienes el aborto ilegal resultaba excesivamente costoso o in...
What sort of signal does a college diploma send to a potential employer? That its holder is willing and able to complete all sorts of drawn-out, convoluted tasks.
Turns out that a real-estate agent keeps her own home on the market an average of ten days longer and sells it for an extra 3-plus percent, or $10,000 on a $300,000 house.
This theory rapidly became an article of faith because it appealed to the factors that, according to John Kenneth Galbraith, most contribute to the formation of conventional wisdom: the ease with whic...
That we think with neither fear nor favor, with neither blind optimism nor sour skepticism. That we think like—ahem—a Freak.
Tetlock’s words, even when their predictions prove.
Some of Becker’s most compelling research concerned altruism. He argued, for instance, that the same person who might be purely selfish in business could be exceedingly altruistic among people he knew...
So in the tradition of Poland Spring, Evian, and other hydro-geniuses, we’ve decided to bottle something that was freely available and charge you money for it.
If morality represents how people would like the world to work, then economics shows how it actually does work.
I don’t expect perfection, I expect excellence. I expect 100 percent effort in all you do.
Humans respond to incentives.
Serendipitous
People respond to incentives—
Penultimate
Namely, how much kids have learned from their parents, how hard they work at home, and whether the parents have instilled an appetite for education. If these home
Connote
We associate truth with convenience, he wrote, with what most closely accords with self-interest and personal well-being or promises best to avoid awkward effort or unwelcome dislocation of life. We a...
There are three basic flavours of incentive: economic, social and moral.
That is a lethal combination—cocky plus wrong—especially when a more prudent option exists: simply admit that the future is far less knowable than you think.