- Signaling, “Stand up straight with your shoulders back.”
- Moral hazard. Rule No. 2 is “Treat yourself like someone you are responsible for helping.”
- Asymmetric information. Rule No. 9 is “Assume that the person you are listening to might know something you don’t.”
- Short-termism. ...shortsighted thinking can be used to justify absolutely anything and therefore “breeds nothing good.”
- Future Value. “Pursue what is meaningful, not what is expedient.”
Tuesday, August 7, 2018
Can Economics teach us how to live?
Former student Quinn Connolly translates Jordan Peterson’s Rules for Life into economics: