Examples of ergodicity
Some examples of how ergodicity (the new hot topic in economics) applies to everyday life: in your career, at the gym and in social relationships.
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Notes on The Control Heuristic
Some notes from the author of The Control Heuristic, two and a half years since its publication.
The Bottom-Up Manifesto
Less time should be spent on discussing top-down solutions and more on creating the conditions for bottom-up ones.
Complexity: why our brain succeeds & AIs fail
The main reason current AIs fail to achieve intelligence outside of very narrow use cases is that their developers tend to reduce complexity too much. Many software developers perceive coding as a satisfying activity, as it reduces complexity through modularity.…
The prerequisite for accountability
In order for a manager being comfortable in holding employees accountable for the quality of their job, it is necessary that they are clear beforehand on what constitutes a good job and what constitutes a bad job.
If you are not Paretoing, you are doing it wrong
Pareto's law states that, in many contexts, 80% of the impact is produced by 20% of the items. Some examples: 20% of your customers might be responsible for 80% of your profits; 20% of the lectures you attended contained 80%…
Centralization and decentralization of rewards
Note: this is not intended to be a comprehensive review of the ways markets centralize and decentralize, but rather a list of some of the ways they do centralize, and a remark on how decentralization at a given level often…
Aggregators and trust
TL;DR: The profitability of aggregators is based upon two points: to be popular amongst demand (the users), and to be trusted to the point of minimizing the trust requirements for transactions to happen. Aggregators are companies such as Uber, AirBnB…
Fragilization: how the antifragile breaks
An analysis of the second-order effect which cause antifragile entities to behave like fragile ones. The process through which skin in the game leads to antifragility.