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 @dcurtis: Number of photos posted each day: Instagram: 100 million+ Snapchat: 410 million FB Messenger: 500 million+, 12 hours ago
- RT @auren: Agreed. Turns out that most things that deal with people are harder than math. https://t.co/yBzAqDsXGZ, Mar 21
- @romanmars Why? Seems like this diminishes the knock-on effect from other entrepreneurs who would want to copy Uber and grow in Oakland..., Mar 20
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