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