Join 📚Jof’S Book Highlights
A batch of the best highlights from what Jophin's read, .
PPP revisions are well known for discriminating against poor people. PPP moves relative to the price of consumer goods across whole economies. But people __living at national poverty lines do not consume such a broad range of goods; on the contrary, they spend around 70 per cent of their income on food.__ And it just so happens that the price of food has gone up dramatically since PPP was last revised in 2005, relative to the prices of everything else, which means that while most people are able to buy more with their dollars, poor people are actually able to buy less.
Bernoulli’s brilliance lay not in his mathematics but in his psychology—in his realization that what we objectively get (wealth) is not the same as what we subjectively experience when we get it (utility).
Stumbling on Happiness
Daniel Gilbert
When you think you choose the "right" methodology to analyze your data, you are eliciting an a priori on the model. There is nothing objective in that.
And if your a priori is degenerate, well, you are not objective, you're are just infringing Cromwell's rule.
Bad for you.
Tweets From Pasquale Cirillo
@DrCirillo on Twitter
...catch up on these, and many more highlights
Readwise