Disease and infection won’t show up for days or weeks, even years
: The topics of
irrational behavior and cognitive biases have become quite popular in recent years.
However, many actions that
seem irrational on the whole have rational origins if you
consider their immediate outcome.
Frédéric Bastiat
: Frédéric Bastiat and W. B. Hodgson,
What Is Seen and What Is Not Seen:
Or Political Economy in One Lesson (London: Smith, 1859).
Future You
: Hat tip to behavioral economist Daniel Goldstein, who said, “It’s an unequal
battle between the present self and the future self. I mean, let’s face it,
the present self is
present. It’s in control. It’s in power right now. It has these strong, heroic arms that can
lift doughnuts into your mouth. And the future self is not even around. It’s off in the
future. It’s weak. It doesn’t even have a lawyer present. There’s
nobody to stick up for
the future self. And so the present self can trounce all over its dreams.” For more, see
Daniel Goldstein, “The Battle between Your Present and Future Self,” TEDSalon
NY2011, November 2011, video,
https://www.ted.com/talks/daniel_goldstein_the_battle_between_your_present_and_future_self
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