Grasp how behavioral economics uses methods from both economics and psychology to better understand biases and anomalies in decision making—factors that “rational choice” models don’t explain. Learn three core experimental principles of behavioral economics, and about Prospect Theory, which helps explain what human beings value.
Still some overview and basic intro. Hope it picks up soon.
An alarming photo of a hallway crowded by mostly maskless students in a Georgia high school raises issues with reopening schools all around the country.
A strange sea monster appears on the lake ...a fortune is unearthed from an old cannon ...a valuable dinosaur egg is stolen. Watch out as the Mad Scientists turn Mammoth Falls upside down!
Read two chapters: The Strange Sea Monster of Strawberry Lake and The Unidentified Flying Man of Mammoth Falls
Begin by examining “rational choice” models of decision making from traditional economics, which assume consistent, foresighted, and self-interested decision makers. Then consider how this concept fails to explain many human decisions that appear counterintuitive or paradoxical. Identify two fundamental limitations that challenge our decision-making process.
Fairly facile introduction from my perspective. Didn’t learn anything new here.
Metadata is "data about data" -- information like keywords, page-length, title, word-count, abstract, location, SKU, ISBN, and so on. Explicit, human-generated metadata has enjoyed recent trendiness, especially in the world of XML. A typical scenario goes like this: a number of suppliers get together and agree on a metadata standard -- a Document Type Definition or scheme -- for a given subject area, say washing machines. They agree to a common vocabulary for describing washing machines: size, capacity, energy consumption, water consumption, price. They create machine-readable databases of their inventory, which are available in whole or part to search agents and other databases, so that a consumer can enter the parameters of the washing machine he's seeking and query multiple sites simultaneously for an exhaustive list of the available washing machines that meet his criteria.
If everyone would subscribe to such a system and create good metadata for the purposes of describing their goods, services and information, it would be a trivial matter to search the Internet for highly qualified, context-sensitive results: a fan could find all the downloadable music in a given genre, a manufacturer could efficiently discover suppliers, travelers could easily choose a hotel room for an upcoming trip.
A world of exhaustive, reliable metadata would be a utopia. It’s also a pipe-dream, founded on self-delusion, nerd hubris and hysterically inflated market opportunities. ❧
Apparently this also now applies to politics and democracy too.
Annotated on August 06, 2020 at 09:12AM
When poisoning the well confers benefits to the poisoners, the meta-waters get awfully toxic in short order. ❧
If we look at Twitter as a worldwide annotation tool which is generating metadata on a much tinier subset of primary documents (some of which are not truthful themselves), this seems to bear out in that setting as well.
ref: Kalir & Garcia in Annotation
Annotated on August 06, 2020 at 09:17AM
Schemas aren’t neutral ❧
This section highlights why relying on algorithmic feeds in social media platforms like Facebook and Twitter can be toxic. Your feed is full of what they think you’ll like and click on instead of giving you the choice.
Annotated on August 06, 2020 at 09:23AM
It’s wishful thinking to believe that a group of people competing to advance their agendas will be universally pleased with any hierarchy of knowledge. The best that we can hope for is a detente in which everyone is equally miserable. ❧
The fate of true democracies.
Annotated on August 06, 2020 at 09:33AM
P2 powers internal collaboration at WordPress.com — and now it’s free for everyone. As more collaboration is happening remotely and online — work yes, but increasingly also school and persona…
My sense is that RSS is having a mini resurgence. People are getting wary of the social media platforms and their rapacious appetite for data. We’re getting fatigued from notifications; our inboxes are overflowing. And people are saying that maybe, just maybe, RSS can help. So I’m seeing RSS being discussed more in 2020 than I have done for years. There are signs of life in the ecosystem.
I’ve enjoyed linkblogging. When I read something, I can share the link along with a quote or reflection on how it affected me. It’s a great space to think out loud. ❧
Annotated on August 05, 2020 at 01:51PM
As Austin Kleon notes, blogging is a great way to discover what you have to say. My microblog has given me a chance to have thoughts, and this longer blog has given me a space to figure out what it means–to discover what it is I have to say. In other words, my microblog is where I collect the raw materials; my blog is where I assemble them into questions and, perhaps, answers. It’s a place where I figure out what I really think. ❧
Annotated on August 05, 2020 at 01:54PM