Stijn Sanders
reported on vr 12/04/2019 7:47:38
Tragedy of the commons
https://blogs.scientificamerican.com/voices/the-tragedy-of-the-tragedy-of-the-commons/
parse: 0ms build: 0ms query: 4ms
Stijn Sanders
reported on vr 12/04/2019 7:47:38
Tragedy of the commons
https://blogs.scientificamerican.com/voices/the-tragedy-of-the-tragedy-of-the-commons/
Gentle Advice Deck behavioural economics
If something cannot go on forever, it will stop. If a trend cannot go on forever, there is no need for action or a program to make it stop, much less to make it stop immediately; it will stop of its own accord.
Gentle Advice Deck behavioural economics
Under some conditions, it is rational for competitors to make their products as nearly identical as possible.
weight: 0 c: 06/2018
Gentle Advice Deck behavioural economics
When a measure becomes a target, it ceases to be a good measure.
Gentle Advice Deck behavioural economics
The logical error of concentrating on the people or things that made it past some selection process and overlooking those that did not, typically because of their lack of visibility. This can lead to false conclusions in several different ways.
weight: 0 c: 06/2018
Gentle Advice Deck behavioural economics
A donkey that is equally hungry and thirsty is placed precisely midway between a stack of hay and a pail of water. Since the paradox assumes the ass will always go to whichever is closer, it dies of both hunger and thirst since it cannot make any rational decision between the hay and water.
weight: 0 c: 03/2018
Gentle Advice Deck behavioural economics
The more equally attractive two alternatives seem, the harder it can be to choose between them—no matter that, to the same degree, the choice can only matter less.
weight: 0 c: 03/2018 m: 03/2018
Gentle Advice Deck behavioural economics
When technological progress increases the efficiency with which a resource is used (reducing the amount necessary for any one use), but the rate of consumption of that resource rises because of increasing demand.
Gentle Advice Deck behavioural economics
The phenomenon where people justify increased investment in a decision, based on the cumulative prior investment, despite new evidence suggesting that the decision was probably wrong.
weight: 0 c: 01/2018
Gentle Advice Deck behavioural economics
"Would you prefer a dollar today or three dollars tomorrow?" or "Would you prefer a dollar in one year or three dollars in one year and one day?" It has been claimed that a significant fraction of subjects will take the lesser amount today, but will gladly wait one extra day in a year in order to receive the higher amount instead.
Gentle Advice Deck behavioural economics
We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.
Gentle Advice Deck behavioural economics
Ninety percent of everything is crud.
Gentle Advice Deck behavioural economics
For many events, roughly 80% of the effects come from 20% of the causes.
Gentle Advice Deck behavioural economics
The time it takes to make a decision increases with the number and complexity of choices.
Gentle Advice Deck behavioural economics
Companies tend to systematically promote their least-competent employees to management (generally middle management), in order to limit the amount of damage they are capable of doing.
weight: 0 c: 01/2018 m: 03/2018
Gentle Advice Deck behavioural economics
The selection of a candidate for a position is based on the candidate's performance in their current role, rather than on abilities relevant to the intended role. (Managers rise to the level of their incompetence.)
Gentle Advice Deck behavioural economics
An economic theory of a situation within a shared-resource system where individual users acting independently according to their own self-interest behave contrary to the common good of all users by depleting or spoiling that resource through their collective action.
weight: 0 c: 01/2018
Gentle Advice Deck behavioural economics
A cognitive bias in which consumers place a disproportionately high value on products they partially created.
weight: 0 c: 01/2018