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Barry Schwartz #mustread on efficiency and why ‘too much of a good thing can be a very bad thing’

The term used to describe this approach to decision-making is satisficing. And satisficing with an eye toward a radically uncertain future might be called robust satisficing. Satisficing is a form of insurance – insurance against financial meltdowns, global pandemics, nasty bosses, boring teachers and crappy roommates. Insurance can seem stodgy – like the guy who wears a belt and suspenders. Perhaps we don’t need both, but what happens if we have neither?

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Stop asking pundits to predict the future after the coronavirus. It doesn’t exist (Mark Lilla via NYT)

"The best prophet, Thomas Hobbes once wrote, is the best guesser. That would seem to be the last word on our capacity to predict the future: We can’t. But it is a truth humans have never been able to accept. People facing immediate danger want to hear an authoritative voice they can draw assurance from; they want to be told what will occur, how they should prepare, and that all will be well. We are not well designed, it seems, to live in uncertainty. Rousseau exaggerated only slightly when he said that when things are truly important, we prefer to be wrong than to believe nothing at all"

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