Tipping points need Paradigm Shifts: Paradigm Shifts are Tipping Points

If you are familiar with the history of science you have probably heard of The Structure of Scientific Revolutions.  In it, Thomas Kuhn describes how science progresses not by gradual evolution but by revolutionary transitions or “paradigm shifts” between “normal science” and new models of reality.  Normal science chips away at small areas of ignorance … More Tipping points need Paradigm Shifts: Paradigm Shifts are Tipping Points

Errors, Mistakes, and Stupidity: Why Magical Thinking Can Be Deadly

We humans are both rational and emotional beings.  The mix between the two can produce some strange and amusing results.  Conventional economics assumes that all human behavior is rational in the sense that everyone chooses only actions that serve their best economic interests and the result is the best overall outcome for everyone.  Yet all … More Errors, Mistakes, and Stupidity: Why Magical Thinking Can Be Deadly