Endowment effect

Valuing an object more, only because you possess it.

source

We are emotionally attached to things that we own. It makes sense: There’s an emotional investment in having made the decision, in shifting or cementing your identify as “a person who would have this object,” and how you believe that ownership will be perceived by others. ... See more

Visualization more broadly is a very important part of the Hoffman process. They mention the study where three different control groups shoot free throws and then do three different things over 30 days and shoot free throws again. The first group does nothing for 30 days. The second group shoots free throws for 30 minutes a day for 30 days. The las... See more

That is, we should be building systems for universal simulation.

For of all sad words of tongue or pen,

The saddest are these: "It might have been!"

By adopting a human-centric approach, a new structure or infrastructure – whether it’s a bridge, playground, park, or reservoir – isn’t simply a physical object consisting of raw materials and labour. Instead, it’s the manifestation of community aspirations. It’s a carefully considered design brought to life. It’s a way to solve underlying issues a... See more

Well, one explanation I liked quite a bit was recently written by Wall Street Journal columnist Christopher Mims, who argued that social media isn’t dying, but changing into broadcast media. The majority of the content we see on a daily basis is now made or shared by a small professional class of users, known as the creator economy. Which is making... See more

Workers of the world... relax!