Will Price has a fantastic post summarizing a Princeton paper on “the pursuit and misuse of useless information.” He sums up the paper well by talking about how we love to obtain additional, useless information before making a decision and then how we let that noninstrumental information affect the process. It seems to me that people think about these things when making *big* decisions, so our real losses come during all those day-to-day decisions that we make without thinking twice and, given our bad habits, we fall prey to these fallacies.
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- RT @ggreenwald: File under the enduring "why do they hate us?" mystery https://t.co/3Rjh9xnf3f, 4 hours ago
- Writing well is a two-stage process: (1) write not so well; (2) fix it. -- Jim Holt, 6 hours ago
- Agreed. Masters of Scale is a new must-listen podcast by @reidhoffman! https://t.co/PPTfwbhayK, 21 hours ago
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