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Tag Archives: narrative fallacy

Daniel Kahneman – A Bat and a Ball Cost $1.10

[Update 9/8/2010 A paper Danny co-authored, “Income’s Influence on Happiness” has just been released.] … the bat costs $1 more than the ball. How much does the ball cost? Daniel Kahneman KNOWS that the first thought that entered your head was $.10–even if you’re a Computer Science major at MIT. But that’s the wrong answer. […]

Nassim Nicholas Taleb – The Future Ain’t What It Used To Be

If you want to be a dentist, it’s rational to assume that if you go to school, get your degree, and set up a dental practice, you will be able to attain a comfortable standard of living. You may be able to project your probable income range with some degree of accuracy. But if you […]