Interessant3 #92
Markets, Simple Beauty in Physics, The Curse of Knowledge | Three Interesting Things for W/C 2024-06-02
š Techno-Optimism in Markets
An oldie but a goldie, A16Zās Techno-Optimist Manifesto argues for the transformative power of technology, by emphasising how innovation drives economic growth and empowers individuals. Itās a compelling argument for embracing a techno-optimistic perspective, and the bit on markets is especially good.We believe a market sets wages as a function of the marginal productivity of the worker. Therefore technology ā which raises productivity ā drives wages up, not down. This is perhaps the most counterintuitive idea in all of economics, but itās true, and we have 300 years of history that prove it.
š” The Fermi-Pasta-Ulam-Tsingou Problem: Simple Beauty
The Fermi-Pasta-Ulam-Tsingou problem is a cornerstone in the study of nonlinear systems. This article from 3 Quarks Daily explains the beautifully simple yet profoundly complex nature of this mathematical enigma, highlighting its significance in understanding chaos and predictability in physics.
Discover the beauty
š§ The Curse of Knowledge: Explaining Complexity
Ever felt like you struggle to explain something that is already obvious to you, to someone hearing it for the first time? The 'Curse of Knowledge' is a cognitive bias that explains why experts often struggle to convey complex ideas to novicesāthey forget what it's like not to know the information.
Join us next week for three more intriguing topics that challenge the norm and expand your horizons! āļø
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