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Archive for April, 2009

It seems obvious that the value of some potentially rewarding endeavor should reflect not just the size of the reward but also the amount of effort involved in realizing it.  But how do we make that decision?  In business, this can be an external computation: some analyst will sit down in front of Excel and [...]

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Following last week’s unveiling of the “new” strategy in Afghanistan (part of which involves referring to the theater as “Af-Pak,” apparently), there was some speculation that, at least on the foreign policy front, President Obama was representing not change but more of the same.  As TNR editor Peter Scoblic argued, however, there might be some [...]

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As I imagine has been the case for many young Obama supporters, I’ve found these first few months of the new administration somewhat dispiriting.  Much of the idealistic hope surrounding Obama’s presidency evaporated soon after inauguration as the stimulus debate quickly degenerated into tired old left-right banality.  And, while I genuinely think it is too [...]

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Last year’s financial collapse and the ensuing recession have driven many who once trusted completely in the wisdom of the free market into a crisis of faith.  In this moment of introspection, some have turned to psychology for insight into the failure of their organizing worldview.  The recently-released book Animal Spirits by behavioral economists George [...]

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More than perhaps any of our other talents, the ability to reason strategically sets humans apart from the rest of the animal kingdom.  When faced with a decision, we alone are capable of thinking ahead to consider which option will offer the greatest reward and selecting it, even when it might not immediately seem [...]

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