Two Species - Deepstash
Two Species

Two Species

When it comes to decision-making, there is a distinction between two idealized "species" of people:

  • Humans - Beings with flaws and feelings, susceptible to each of the biases presented here
  • Econs - Beings that are always able to think rationally, unaffected by the biases presented here

The "econ" term is the short form for "economist", as people that analyze and invest in the financial markets make every decision consciously, with a clear goal in mind.

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cristianpopa

Full-time AI specialist, part-time reader with ideas

The idea is part of this collection:

What Is Opportunity Cost

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