From the Blog
My thoughts on economics, life and everything in between
Social Media is full of people bragging about their achievements: tech award x winner, raised y $, founder of z and etc. Is that right, showcasing the triumphs only?
In the famous Stanford marshmallow experiment, many children chose one sweet now instead of two if they waited 15 minutes. That early test captured a truth we keep seeing: we overvalue the reward we can get now and undervalue a larger reward that comes later.
Let’s say you are offered a choice. To take 50$ as granted or to risk it and gamble for heads/tails with one being 100$ and the other 0$. A risk-averse person would choose the first option, but what does it tell us?
News screaming of a new Chinese Pandemic. Chill 5th grader from Uzbekistan did not care that much. I was enjoying my life to the fullest back then.
Surfing on Reddit, which is not that useless after all, I saw the post about feeling a failure in life. It made me question. Did I feel that way? Not yet, but I feared.
Sitting on a podcast with Dartmouth Professor Bruce Sacerdote, I was surprised to hear about the differences of social and human capital when my partner asked such a question.
Warm Ludwigsburg evening. Birds chirping, sun setting, Neckar murmurring. The dark used to come at 11, making the evening longer.
What a gorgeous girl, look. You do not have a nerve to approach her. 20$ that I will. Everything changed for me now, at this point. This was not about buying confidence. It was about buying the right kind of fear.
I was reading Nietzsche's "Beyond Good and Evil" in Bon Cafe. Classic cappuccino and a couple of cookies. The fleya, as North Germans call it, was perfect.