Shared by JohnH

Thought you Taleb fans might enjoy this. Personally, I can’t get enough Danny Kahneman. See also: http://www.useriscontent.com/blog/2008/05/03/daniel-kahneman-a-bat-and-a-ball-cost-110/

What we’re saying is that there is a technology emerging from behavioral economics. It’s not only an abstract thing. You can do things with it. We are just at the beginning. I thought that the input of psychology into behavioral economics was done. But hearing Sendhil was very encouraging because there was a lot of new psychology there. That conversation is continuing and it looks to me as if that conversation is going to go forward. It’s pretty intuitive, based on research, good theory, and important. — Daniel Kahneman