Tuesday, January 17, 2017

Models................................


He had listened to an American economist talk about how so-and-so was stupid and so-in-so was a fool, then said, "All your economic models are premised on people being smart and rational, and yet all the people you know are idiots."

-Michael Lewis, channeling  Amos Tversky in  The Undoing Project:  A Friendship That Changed Our Minds

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