Daniel Kahneman on Cutting Through the Noise
Conversations with Tyler
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Optimism Is the Engine of Capitalism
There's a good deal of evidence that people and businesses areover confident. But you think they're more over confident than they should be? Over confidence has many virtues, imean, it's nice. Its especially if you're an optimist. To exaggerate the oddof success is a very useful thing for people. It will make them more appealing to others. They will get more resources, and they will take risks. So i call that the engine of capitalism. Really d that that sort of optimism is a collaboration between a human being and a machine.
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