Occupation: Economist Birth: May 29, 1967
Purity is a good mask for corruption because it discourages inquiry..
Solving a problem is hard enough; it gets that much harder if you’ve decided beforehand it can’t be done..
No matter how expert you may be, well-designed checklists can improve outcomes..
Morality, it could be argued, represents the way that people would like the world to work, wheareas economics represents how it actually does work..
If you own a gun and have a swimming pool in the yard, the swimming pool is almost 100 times more likely to kill a child than the gun is..
Don't trust, just verify..
The key to learning is feedback. It is nearly impossible to learn anything without it..
An expert must be BOLD if he hopes to alchemize his homespun theory into conventional wisdom..
The conventional wisdom is often wrong..
I do think that the standard media is controlled by the conventional wisdom about global warming. We've come to believe - from reading a lot of artic….
Many of life's decisions are hard. What kind of career should you pursue? Does your ailing mother need to be put in a nursing home? You and your spou….
The data don't lie: a Chicago street prostitute is more likely to have sex with a cop than to be arrested by one..
People who buy annuities, it turns out, live longer than people who don't, and not because the people who buy annuities are healthier to start with. ….
And knowing what happens on average is a good place to start. By so doing, we insulate ourselves from the tendency to build our thinking - our daily ….
Scarcity is a captivating book, overflowing with new ideas, fantastic stories, and simple suggestions that just might change the way you live..
The gulf between the information we proclaim & the information we know to be true is vast. In other words: we say one thing & do another..
As W.C. Fields once said: a thing worth having is a thing worth cheating for..
In the United States especially, politics and economics don’t mix well. Politicians have all sorts of reasons to pass all sorts of laws that, as well….
After all, your chances of winning a lottery and of affecting an election are pretty similar. From a financial perspective, playing the lottery is a ….
Data, I think, is one of the most powerful mechanisms for telling stories. I take a huge pile of data and I try to get it to tell stories..
Information is a beacon, a cudgel, an olive branch, a deterrent--all depending on who wields it and how..