Sam Tatam, "Evolutionary Ideas: Unlocking Ancient Innovation to Solve Tomorrow's Challenges" (Harriman House, 2022)
New Books in Economics
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The Achilles Heel of Modern Financial Theory
The academic piece that we are, what dellor calls the econ the pofe, economic is processing thousands of data points and building spread sheets to make a simple decision. And you're dealing in the real world. Sometimes these curistics can be more beneficial than spending the time to run long calculationsso essentially, oh, it's just, isThese times like hyperbolic discounting or temporal discounting thatw forego a larger reward in the future for a smaller short term gain. These are things that that the aconomo sort of hate. But if you understand why that made sense a its, it kind of make sense in in our history. It just makes less sense now
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