Reading Roundup 2018–12

As always, a link is not an endorsement.

As always, a link is not an endorsement.

Read

Tyler Cowen & Paul Romer chat Immigration, Orthgraphy, Kanban

“I think we should talk about a trilemma for migration, which is three things, and we can only have two out of the three… One of the things we want is local democratic accountability for the officials in the government. The second would be equal treatment under the law. And the third is, in this jurisdiction, the ability to absorb large numbers of migrants, potentially numbers that are bigger than the existing population.”

Paul Romer on the Unrivaled Joy of Scholarship (Ep. 55)
Warning: there are 185 “ands” present in this transcript.

Your Intuition Is Wrong, Unless These 3 Conditions Are Met

How to develop good intuition:

  1. Train on something with rules and patterns that can be learnt. Chess has rules, the stock market does not.
  2. Get immediate feedback.
  3. Practice, practice, practice.

Notwithstanding my previous recommendation to listen to Conversations with Tyler, Tyler’s conversation with Daniel Kahhneman is probably not worth listening to. Read this article instead, then listen to Paul Romer and Tyler.

Daniel Kahneman: Your Intuition Is Wrong, Unless These 3 Conditions Are Met | ThinkAdvisor
Don't miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com…

What the Sydney Opera House teaches us about Brexit

Planning fallacy and optimism bias are my favourite biases. Among the best antidotes is to run a pre-mortem, Red Teaming, selecting an appropriate reference class, and opening a betting market.

“Alas, most British politicians are wary of seeming negative or timid about Brexit, for fear of implying the electorate was unwise. Instead, both government and opposition have embraced the goal of leaving while enjoying all the benefits of staying — hardly a clear-eyed exercise in spotting obstacles.”

What the Sydney Opera House teaches us about Brexit
Go down to Bennelong Point and make such progress that no one who succeeds me can stop this going through to…

The Secret to Ant Efficiency Is Idleness

Ask your self each week, how many people depend on me? How can I reduce my dependency tasks to, say, five.

“The reason, it seems, is that the ants were working in narrow tunnels where traffic jams could easily clog up the entire effort to build nests. So it helped if some of them took a pileup in the tunnel as a signal to suggest that they take a break.”

The Secret to Ant Efficiency Is Idleness
Ants are renowned for their industriousness. Ask the grasshopper in the story by Aesop. He had to come begging the…

Fallout 76 player begs Bethesda for the sweet relief of death

There’s a broader point here about the ethics of human longevity.

“I’ve had to limit myself to more boring activities because I do not want my exploration, or the PvP aspect ruined by my godmode… what the heck am I supposed to do besides actually starting to make all content in the game trivial? I’m really frustrated and I have no idea what I’m supposed to do.”

Fallout 76 player begs Bethesda for the sweet relief of death
"My character currently is unkillable", begins Reddit user "Brogadyn", "and I mean... really unkillable. She can even…

Suicide is declining globally

The evidence all points to a general, global reduction in suicide. Do we feel that the opposite it true because it’s the leading cause of death in Australian 15–44 years olds, when it is most preventable and tragic?

“As people move to cities and the grip of tradition loosens, women have more choice about whom they marry or live with, making life more bearable. Leaving the village helps in another way, too. Because farming involves killing things, rural folk are likelier to have the means to kill themselves — guns, pesticides — to hand. …

Policy plays a role, too. When Mikhail Gorbachev restricted the production and distribution of booze in the mid-1980s, both drinking and suicide fell sharply. The collapse of the Soviet Union swept those regulations aside, and both drinking and suicide shot up again. Restrictions introduced by Vladimir Putin in 2005 are reckoned to have contributed to the recent decline. …

Suicide is surprisingly impulsive. A study of young Chinese women who had tried to kill themselves showed that three-fifths had been contemplating suicide for less than two hours, and one in ten for less than a minute. Of 515 people who had survived the leap from San Francisco’s Golden Gate bridge between 1937 and 1971, 94% were still alive in 1978 — which suggests that a suicide postponed is likely to be a suicide prevented.”

Why suicide is falling around the world, and how to bring it down more
"YOU KNOW," says a trader in "Margin Call", a film about the crash of 2008, as he stands high on a building above Wall…

Headspace vs. Calm: The Meditation Battle That’s Anything but Zen

“Calm has topped the category in both downloads and mobile revenue since last December, with revenue through October at $50.7 million, according to estimates from mobile-data firm Sensor Tower. Headspace, now in second place, saw revenue of $34.3 million.”

Headspace vs. Calm: The Meditation Battle That's Anything but Zen
A pair of apps preach relaxation to millions of customers-but still badly want to beat each other.

Listen

Smiling Mind

If you’re trying to relax more, I recommend Smiling Mind. It’s a not-for-profit mindfulness app with a pleasing Australian accent. I’ve used it for better sleep and very much enjoy it. I hope you do too.

Smiling Mind
Smiling Mind is a non-for-profit web and app-based meditation program developed by psychologists and educators to help…

Political Research Digest

Political research digest is a fortnightly version of exactly what it says on the tin. Matt Grossman at the Niskanen Centre interviews political scientists on their new research for the gentle summarisation of all.

For example, “How Americans’ Politics Drives Their Religious Views”

  • All Americans become less religious in their youth but White Republicans and Black Democrats are likely to become religious when they start a family.
  • Politics drives religion as much as religion drives politics. After the election of famous Catholic Democrat John F Kennedy, Protestant Democracts and Catholic Republicans were less likely to attend church.
  • There is no neat distinction between atheistic Democrats and religious Republicans. Black Democrats are very religious. Only actively secular whites are strong Democratic. Passively secular and evangelical whites are strongly Republican.
  • Politicians lose support if they identify as an atheist. But they lose very little support if they instead say “I don’t currently practice a religion.”

https://niskanencenter.org/blog/niskanen-centers-podcast/

Watch

Thaler & Sunstein Discuss Nudge

  • People approach an identical risk-likelihood very differently if it’s the status quo or not.
  • Partisans are divided more by facts than values. (Though I wonder how often facts stand in for values and inter-group status competition.)
  • Cass Sunstein isn’t that into food, is very into John Stuart Mill. Book on Hayek
  • Nudges include GPS, auto-enrolment in voting and food programs, calorie labels, default number of prescribed drugs (e.g. opiods).
  • Choice architecture is unavoidable. If you do anything you must design it. To not choose is just another choice.