Andrei Stoica

“the internet is full of smart people writing beautiful prose about how bad everything is... i find this confusing and tragic, like watching Olympic high-jumpers catapult themselves into a pit of tarantulas.”

i have also been thinking about how all the timeless classics do not do this. my heroes do not do this, at least not in their heroic works.

why... See more

For models like these to explain the value of TRUMP and MELANIA, there would have to be someone out there who thinks these memecoins have long-term value. But in fact, the models will work just as well if there are people out there who love to gamble , even when they know it’s likely to lose them money. We know from the existence of craps and... See more

https://t.co/7znzXEJeob

That's the second major confusion. There is no such thing as average!! An average person doesn't exist. This is an error of statistics. Average is a statistical concept. It doesn't and can't make sense outside of the context of statistical analysis. There is no such thing as average culture, or an average teacher, or an average school. Anytime you... See more

Some of Cowen’s theories seem to misunderstand on a fundamental level why people do things at all. Use opportunity cost to your advantage, he enjoins his reader, by scheduling a call halfway through a movie; if you don’t have to reschedule, the film wasn’t worth finishing. Desserts deliver diminishing marginal returns after the first few bites; the... See more