Category: Economics

Ignorance is inevitable

A survey showed that the British public is “wrong about nearly everything”. But the main lesson is not that so many people are stupid. It is that we are all ignorant, no matter how well-informed we like to think we are.

Living your life at random

A shortage of spare time has seen me deciding how to spend my spare time by using a random number generator. An experiment by Steve Levitt of Freakonomics fame has got me wondering if I could make even bigger decisions at random.