2 posts tagged “economics”

"Economists should listen more to techies on what techs will be feasible at what costs, but techies should also listen more to economists on the social implications of tech costs. Alas, just as economists prefer to rely on their intuitive folk tech forecasts, techies prefer to rely instead on their intuitive folk economics."

Let's you and me try a little experiment.

Take the last 3 digits of your phone number. Add 200.

Now tell me when in history, approximately, you think Attila the Hun was getting his rampage on.

...

Now chances are that your Puny Earth Brain has instructed you to pick a date close to that number I asked you to work out when in fact the answer is approximately 450 AD.

It is because of irrational stuff like this that we are all doomed.

...

Also, it's possible that waking up inexplicably at 5.30am and then reading books on Behavioural Economics is Bad For Me™.