Sublime
An inspiration engine for ideas
A few examples include: Greed is good. Maximizing pleasure from consumption is the goal. A billion acts of selfishness will lead to a prosperous society. The social duty of business is just to maximize its profits. There’s no such thing as society, only individuals—that was Margaret Thatcher’s famous quote. Markets are efficient; other institutions
... See moreW. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
- Health insurance is subject to a lot of information asymmetry — the aforementioned adverse selection, plus “moral hazard” (ie., people with more insurance
Noah Smith • Should economists read Marx?
information asymmetry
Gaia Soykok • 2 cards
Both are dynamic systems in which the selfish actions of countless individuals—whether they be cells or investors—lead to unpredictable consequences at the system level. In turn, these collective actions and consequences feed back to influence individual actions in endless cycles of adaptation and evolution.
Jessica C. Flack • Worlds Hidden in Plain Sight: The Evolving Idea of Complexity at the Santa Fe Institute, 1984–2019 (Compass)
Rationality
Johanna and • 11 cards
Game Theory
Matt Mower • 1 card
Futarchy Fix — LessWrong
lesswrong.comOne of the things that we found very interesting was, once you have interest rate at zero, a cash flow in the future becomes as important as a cash flow you have visibility on.