Marginal Stupidity
Episode description
"One of the most important cognitive tradeoffs we make is how to process information, and perhaps more specifically, the deluge of information that bombards us every day. A study out of UCSD in 2009 estimated that Americans read or hear more than 100,000 words a day — an increase of nearly 350% over the prior three decades (and that was before Slack and Substack!) It would seem logical that more information is always better for decision-making, both for individuals and for societies. Yet, that’s precisely the tradeoff: humans and civilizations must balance greater and better information with the limits of their rationalities." - Danny Crichton
Lux Capital's "Securities" newsletter edition: The marginal returns of information by Danny Crichton
"Securities" podcast is produced and edited by Chris Gates