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3min chapter
Rational Minds Part 1: A Nation Of Gamblers - Ed Glaeser
The Joe Walker Podcast
The Extrapolated Buyer Is One of the Best Models for Understanding Semi-Rationality
Aussie homelands report said median Sydney house price in 25 years time would be $6.349 million. But assuming 3% wages growth, which is pretty generous for Australia, that implies a price to income ratio of 26x. The gurus who lead these seminars are examples of what you would call entrepreneurs of error,. Timor Karan and Cass Unstein might call availability entrepreneurs.
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