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Listen "John Kay and Mervyn King on Radical Uncertainty"
Episode Synopsis
Points this week:
(1) How do we know if someone is claiming the right degree of precision?
(2) If Russ + guests are right, how have economists gotten away with it for so long?
(3) Sunk cost fallacy is real and we should continue to preach it.
Twitter: https://twitter.com/EconReply
Email me at [email protected]
Get the PodTalk app: https://apps.apple.com/us/app/podtalk/id1438894462
Join EconTalkers PodTalk group: https://podtalk.app/join_group?u=podtalk://join/group:3
(1) How do we know if someone is claiming the right degree of precision?
(2) If Russ + guests are right, how have economists gotten away with it for so long?
(3) Sunk cost fallacy is real and we should continue to preach it.
Twitter: https://twitter.com/EconReply
Email me at [email protected]
Get the PodTalk app: https://apps.apple.com/us/app/podtalk/id1438894462
Join EconTalkers PodTalk group: https://podtalk.app/join_group?u=podtalk://join/group:3
More episodes of the podcast EconReply
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Cohen on the Hot Hand
12/08/2020
Taleb on the Pandemic
29/07/2020
Intro
29/07/2020
In God we trust