Truth course
From Huben's Wiki
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*** It is easy to reject second best solutions even when first best solutions are not available. (Economics, fallacies of argument.) | *** It is easy to reject second best solutions even when first best solutions are not available. (Economics, fallacies of argument.) | ||
*** Differences in values. | *** Differences in values. | ||
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| + | * Dumb trend projection is people's tendency to view trends as structural. Examples of this include: "Housing prices have never fallen; hence they will never fall." "This stock returned 17.2% over the past three decades; hence it will continue to do so." "The center of gravity of the global economy is inevitably shifting to Asia." And so forth. But in reality, past performance is no guarantee of future results. Or, to put it more pithily, "The trend is your friend til the bend at the end." http://noahpinionblog.blogspot.com/2012/08/what-happened-to-japan.html | ||
