Sublime

compare two treatments and see which tends to work better overall.

When I first got the positive pregnancy test I was worried

there is some evidence

incredible work in applied behavioral economics that was happening in the government, specifically using the power of defaults to encourage positive behavior. These defaults are known as nudges, made famous in the bestseller Nudge, by Richard Thaler and Cass Sunstein.

This happened not through explicit lectures on nutrients, but by channeling the children’s natural curiosity.

people are not as selfish as economists thought them to be,

Our argument in this chapter will go through the following propositions, which serve as headings for their own sections of discussion: Value is subjective; uncertainty is not risk; economic complexity resists equilibria; markets aggregate prices, not information; and, markets tend to leverage efficiency.

Economically relevant information is discovered from experimentation, not deduced from a model.