Sublime
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Look at any business, talk to anyone you know, and you will see prudent, thoughtful actors. But look at the sum total of their actions, and sometimes it will seem without rhyme or reason, bordering on chaos. The sum of individually rational actions can be the genesis of a crisis.
Richard Bookstaber • The End of Theory: Financial Crises, the Failure of Economics, and the Sweep of Human Interaction
Crisis of rationality
phenomenologyofk • 2 cards
it assumes a narrow and overly ‘rationalistic’ view of human motivation,
Rory Sutherland • Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life
psycho-logic as a neutral and non-judgemental term. I
Rory Sutherland • Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life
Antifragile has been about the failure of the average to represent anything in the presence of nonlinearities and asymmetries similar to the minority rule. So let us go beyond: The average behavior of the market participant will not allow us to understand the general behavior of the market.
Nassim Nicholas Taleb • Skin in the Game: Hidden Asymmetries in Daily Life
Understand your own and others’ mental maps and humility.
Ray Dalio • Principles: Life and Work
