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Ole U.S. childcare costs surpass those in all other OECD countries when taking into account single parents and couples earning average wage. The price tag for having two children minded while working full-time is also significantly higher in the U.S. than in most other developed countries that are part of the organization. Only Switzerland, the United … Les mer
Hunter-gatherers have to spend nearly all the energy they can acquire from their environment on acquiring that very energy. Most animals spend most of the energy they get from food on the task of acquiring more food. The ratio of the totality of energy acquired to the energy cost of acquiring that energy is called … Les mer
Rory Sutherland wrote about ‘doorman fallacy’ on page 126 of Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life. « The ‘doorman fallacy’, as I call it, is what happens when your strategy becomes synonymous with cost-saving and efficiency; first you define a hotel doorman’s role as ‘opening the … Les mer
In a 2019 interview with Yascha Mounk I don’t think the evidence is consistent with the idea that slavery was good for economic development in the United States. If you look at the U.S. South, it was a lot poorer. It had very little manufacturing industry. It was less urbanized. It was much less publicly … Les mer
GoodAlexander I think it’s interesting to reflect on how I got so blackpilled – and how I’ve finally seen the light it was a process in 2013-2014 – I was working with large scale transaction data at some Asian financial institutions. it became apparent you could use this data (SWIFT) to predict trade flows, in … Les mer
Naïve Realism We know others are biased, but think we see the world as it is. Thus, teaching people about biases & fallacies doesn’t make them doubt their own beliefs, it only makes them even more doubtful of their opponents’. Navals Razor Hvis du strever med å velge mellom to alternativer, velg den veien som … Les mer
Adams’ 25% rule: Instead of trying to be the best at one thing, try to be «merely» great at two things and then learn to combine them. Not only is this easier, but it will make your skillset more unique, cutting out the competition. Ad Hoc Rescue Vi blir så sterkt knyttet til våre standpunkter … Les mer
Fritt etter Jean-Baptiste Fressoz I begynnelsen var tre. Vi brukte trær til oppvarming, matlaging og produksjon av verktøy og byggematerialer. For to milliarder mennesker er dette fortsatt hverdagen, men i Vesten kom den industrielle revolusjon rundt 1800 og kull ble populært. Vi kan kalle det den første energiomstillingen og man skulle tro at forbruket av … Les mer
Danial Lashkari and Jeremy Pearce, July 11, 2024 Throughout the twentieth century, steady technological and organizational innovations, along with the accumulation of productive capital, increased labor productivity at a steady rate of around 2 percent per year. However, the past two decades have witnessed a slowdown in labor productivity (LP), measured as value added per hour … Les mer
Most people think that the problem with communism is that people aren’t perfectly altruistic, or central planners aren’t smart enough, but neither of these is the real issue. The real bottleneck is data, not intelligence. See, economics is the study of choice. Specifically, it’s about the choice of how you allocated limited resources that have … Les mer