Archive for May 2021

The Business of Lying

Bill Bryson’s remarkable book, Made in America: An Informal History of the English Language in the United State (William Morrow, 2001), chronicles the history of the English language in the US.  His chapters on travel, cooking, shopping, and advertising are particularly compelling. A key element of Bryson’s story concerns how we are convinced to value, […]

Making Money Without Providing Value

What if you could make money by selling people securities, or equivalent, that have no inherent value, but people think will eventually be worth substantially more than they paid you for them?  You can potentially make money from an endeavor that provides no value to the economy or society.  You can make money off of […]

Games for Life

I have always enjoyed playing cards.  When growing up, card games were frequent in my family and quite serious in the sense that you did not joke around.  You seriously and studiously did your best to win.  I play cards every day, now online.  In this post, I consider how card games can help us […]

Intuitions That Mislead Us

One of my recent readings has been the late Hans Rosling’s Factfulness: Ten Reasons We’re Wrong About the World — and Why Things Are Better Than You Think. (Flatiron Books, 2018).  It is a fascinating read, loaded with valuable insights. Hans Rosling asked chimpanzees to answer 13 multiple-choice questions about the state of the world.  […]