Ep28 Incentives and Externalities
All Else Equal: Making Better Decisions
00:00
The Overload of Information Problem
In the past, we had some constraints on the way in which you could produce and distribute information. Today, there's essentially no cost anymore to produce or spread information. That has quite a few benefits potentially, but I also think that it has a downside. None of us can possibly process the amount of information that comes out by this many people on a daily basis. And so we hate this overload of information.
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