Ed Stringham and the Information Puzzle

I recently began writing about my interest in The Preference Elasticity of Demand. This article argues that the Austrian School of Economics is a logical theoretical home for the theory of preference elasticity. I also discuss an objection the preference elasticity called the information puzzle. Ed Stringham is an Austrian economist and author of Private … Read more Ed Stringham and the Information Puzzle

The Halo Effect and Unconscious Accuracy

The Halo Effect is a cognitive bias in which a person, A, is more likely to believe that another person, B, is good in some respect, D, if they are known to be good in some other respect, C, even in the absence of independent or observed evidence that B is in fact good with … Read more The Halo Effect and Unconscious Accuracy

Project Managers and Knowledge Types

This article will discuss a fundamental economic inefficiency with Project Managers and Middle Management and how this leads into a delineation of knowledge types.   The Fundamental Problem With Project Managers and Middle Management “I don’t have the local knowledge to do this,” said my project manager. His words, not mine. Although I wasn’t sure … Read more Project Managers and Knowledge Types

Misdiagnosing the God of the Gaps

There is a gap in the knowledge of each and every person and there always will be. The gap extends directly from the human condition in a number of ways at least consisting of human nature’s imperfect ability to ascertain, process and retain information. Other sources of the gap may exist as well, including some … Read more Misdiagnosing the God of the Gaps