The gulf between the information we proclaim & the information we know to be true is vast. In other words: we say one thing & do another.
Steven LevittAnd knowing what happens on average is a good place to start. By so doing, we insulate ourselves from the tendency to build our thinking - our daily decisions, our laws, our governance - on exceptions and anomalies rather than on reality
Steven LevittPeople who buy annuities, it turns out, live longer than people who don't, and not because the people who buy annuities are healthier to start with. The evidence suggests that an annuity's steady payout provides a little extra incentive to keep chugging along.
Steven LevittThe key to learning is feedback. It is nearly impossible to learn anything without it.
Steven Levitt