Weekly Problem No 12. A unified model of human biases

[raw] The Paradox of Market Street Week 1 Challenge | Deadline: Next Monday “In the bustling city of Behavoria, on the famous Market Street, a peculiar experiment is taking place…” The Scenario Three shops opened on Market Street, each selling

Read more

Liar! Weekly Problem

šŸ¤” Philosopher A 🤯 Philosopher B “Let’s start our discussion about the Liar Paradox…” Next Step Reset The Liar Paradox is one of the oldest and most famous logical paradoxes, dating back to ancient Greece. In its simplest form, it’s

Read more

This is why most people are wrong about almost anything

The case of minimum wage laws serves as a poignant illustration of the perils of inductive reasoning. Hayek’s predictions, though grounded in economic theory and empirical observations, failed to account for the multifaceted dynamics shaping labor markets. By extrapolating from limited data and theoretical abstractions, Hayek fell victim to the inherent biases and oversights characteristic of inductive reasoning.

Read more