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2min chapter
How to form habits effectively (with Jim Davies)
Clearer Thinking with Spencer Greenberg
The Importance of a New Numerical Model in Investments
In real life, for your own personal savings, you don't just care about the expected value. You want to make sure you have enough money to have a house and eat. In charitable giving, that is where you're like, hey, I got this certain amount of money. I'm going to give it. Since I'm not getting any returned, I'm not worried about it. The only return I'm getting is like good feelings or whatever. So what I would prefer in both the investment case and in this case is that you doing a new numerical model can be useful, but also back it up with other ways of looking at the problem.
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