I have snipped the abstract below from this paper – The Lure of Incredible Certitude Forthright characterization of scientific uncertainty is important in principle and serves important practical purposes. Nevertheless, economists and other researchers commonly report findings with incredible certitude, reporting point predictions and estimates. To motivate expression of incredible certitude, economists often suggest that researchers…
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Working from home can be a coveted perk, allowing you to opt out of rush-hour traffic and eliminate the tedious banalities of office life. But it can also cut you off from the spontaneous interactions that can spark new insights (part of the reason Marissa Mayer famously rescinded Yahoo’s telecommuting policies). And, at times, the solitude may lead to…
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Australia is a fascinating place not least for some of its quaint (read staggeringly unrealistic) attitudes to things. I live in an area where English cottage gardens are often the preferred mode of vegetative display. And each year these gardens that are wonderfully manicured during spring are burnt to a crisp during our ferocious summers.…
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On a July morning, Billy Joel watches through the window of the study at his Long Island estate as a helicopter takes flight. “My wife had to go into the city today,” he says as the Joel family chopper ascends. He smiles. “Life is funny, isn’t it?” It’s a week before the singer and erstwhile…
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Wherever you go, money talks. And it has for a long time. Sadly, though, money has been mum about its origins. For such a central element of our lives, money’s ancient roots and the reasons for its invention are unclear. As cryptocurrencies such as Bitcoin multiply into a flock of digital apparitions, researchers are still…
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I am staring at a photograph of myself that shows me 20 years older than I am now. I have not stepped into the twilight zone. Rather, I am trying to rid myself of some measure of my present bias, which is the tendency people have, when considering a trade-off between two future moments, to more heavily…
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