Finally! Thank you for this, Dave!
I have a theory that I think this community is uniquely capable of providing feedback on, and any thoughts would be appreciated.
Through the lens of economics and Prospect Theory, we can better understand the dangerous increase in people's willingness to "gamble" with the current western society/ government structure.
Prospect Theory tells us that people don't consider the value of things objectively; they consider them subjectively in relation to a reference point. Consider the following:
Winning a prize of $30 vs. Winning a prize of $10
Winning a prize of $1030 vs. Winning a prize of $1010
In the first example, you notice and feel the difference from the gain of $20 more than the second, because it is closer to the reference point- in this case, $0.
Take another example:
Purchasing a toaster for $30 instead of $50, a $20 savings.
Purchasing a computer for $1030 instead of $1050, a $20 savings.
Again, the same savings ...
Went to an illegal backyard dinner last night. Illegal fun (including tequila) was had by consenting adults. Please don’t report us.
No live show today as I wanted to give my guys a four day weekend with MLK Day on Monday.
Anyone got good weekend plans?
“Sometimes the most educated is the most brainwashed.” — Peter Thiel
We posted our Big Tech compilation video in the content section about an hour ago. Think this moment with PT sums up so much of what’s wrong with society right now...
A message from Dave.