Incentives for Environmentally Responsible Markets

Incentives for Environmentally Responsible Markets

When it comes to environmental issues, no single actor is completely to blame, and that means no single actor can make the necessary changes to prevent catastrophic climate change. This means we can't put all the weight on governments to take actions to change the course of our climate future, and we can't blame individual … Continue reading Incentives for Environmentally Responsible Markets

Irrational Market Cycles - Joe Abittan

Irrational Market Cycles

I think about markets a lot, often focusing more on market failures than on market successes. I think our country generally views markets as infallible, and that drives me (in a somewhat contrarian strain) to look at spaces where markets don't work. I also started my career in healthcare and have some relatively expensive healthcare … Continue reading Irrational Market Cycles

We Think of Ourselves as Rational

We Think of Ourselves as Rational

In Daniel Kahneman's book Thinking Fast and Slow, Kahneman lays out two ideas for thinking about our thought processing. Kahneman calles the two ways of thinking about our thought processing System 1 and System 2. System 1 is fast, automatic, often subconscious, and usually pretty accurate in terms of making quick judgments, assumptions, and estimations … Continue reading We Think of Ourselves as Rational

How Helpful Are We?

"People are willing to help, but the amount they're willing to help doesn't scale in proportion to how much impact their contributions will make." Author's Kevin Simler and Robin Hanson write this in their book The Elephant in the Brain when discussing our behaviors around donations and charity. "This effect," they continue, "known as scope … Continue reading How Helpful Are We?

Our Mind Seems Counterproductive

I listen to a lot of science podcasts, and really love the discoveries, new ways of thinking about the world, and better understandings of the world that we gain from science. Science is a process that strives to be rational and to build on previous knowledge to better understand an objective reality. What is also … Continue reading Our Mind Seems Counterproductive

Attribution Bias

Our brains are pretty impressive pattern recognition machines. We take in a lot of information about the world around us, remember stories, pull information together to form new thoughts and insights, move through the world based on the information we take in, and we are able to predict the results of actions before they have … Continue reading Attribution Bias

Rational Relationships

In his book Some Thoughts About Relationships, author Colin Wright starts by examining what it means to be rational in a relationship. Often times we assume that relationships are built on emotional connections like love, fondness, and collegiality and we balk at the idea that we can bring a rational approach to a relationship or … Continue reading Rational Relationships

Being Irrational

Author Colin Wright addresses irrationality in his book Some Thoughts About Relationships. He dives into what irrationality looks like in our daily lives, and extends irrationality to relationships and our behaviors and actions in relationships. He writes, “Being irrational means that you rely on a storyline to make things right: that if you just believe … Continue reading Being Irrational