Econ Presentation 1 - Five Premises

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5 Premises

Premise #1

Incentives are the foundation of EVERYTHING.

Premise #2

The Butterfly Effect

Premise #2

The Butterfly Effect

is not just a crappy Ashton Kutcher movie

Premise #2

The Butterfly Effect

Small events can have HUGE consequences.

Premise #2

Premise #3

CONVENTIONAL WISDOM

Premise #3

CONVENTIONAL WISDOM

Is NEITHER conventional, NOR wisdom

Premise #3

CONVENTIONAL WISDOM

Is NEITHER conventional, NOR wisdom

Is usually WRONG!

Premise #4

Experts use informational advantage to serve their own agendas.

Premise #5

Knowing WHAT to measure, and HOW to measure it, simplifies understanding.

Premise #5

Knowing WHAT to measure, and HOW to measure it, simplifies understanding.

Premise #5

Knowing WHAT to measure, and HOW to measure it, simplifies understanding.

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