122. Hive Mind by Garrett Jones
Education Bookcast
Why People With Hgher Acuer Are More Patient Than Others
People with higher acu er tend to be more patient. Hyperbolic discounting is something that you see less with people as they become oow, the more intelligent some one is. There's an idea of how countries become rich based on this simple model: incomes partly get saved, so they go into savings. Then, on the basis of their savings, they boost their investment. An investment boots productivity. And it goes all round in a circle, from savings, nvest, prolactivity, incomes around in a sort of virtuous circle like that. A country with a lot of patients might be one that gets rich because of the savings, which can lead to the investments. Higher ac
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