Intelligence Is Not Only The Ability To

Economists Think About What People Ought To Do. Psychologists Watch What They Actually Do.

You Should Expect Little Or Nothing From Wall Street Stock Pickers Who Hope To Be More Accurate Than The Market In Predicting The Future Of Prices. And You Should Not Expect Much From Pundits Making Long-term Forecasts.

We Have A Very Narrow View Of What Is Going On.

Employers Who Violate Rules Of Fairness Are Punished By Reduced Productivity, And Merchants Who Follow Unfair Pricing Policies Can Expect To Lose Sales.

People Are Very Good [at] Thinking About Agents. The Mind Is Set Really Beautifully To Think About Agents. Agents Have Traits. Agents Have Behaviors. We Understand Agents. We Form Global Impression Of Their Personalities. We Are Really Not Very Good At Remembering Sentences Where The Subject Of The Sentence Is An Abstract Notion.