What’s an example of someone using a flawed widely believed mental model (understanding of the world) with terrible consequences. (E.g. our belief the world was flat {flawed model of reality} slowed human progress by preventing trade and exploration).
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Replying to @farnamstreet
The false assumption that US housing prices couldn’t fall simultaneously nationwide had some pretty negative consequences in ‘08.
2 replies 0 retweets 13 likes
Replying to @davealevine @farnamstreet
Granted I wasn’t around then, but I still can’t believe how few people called BS on a notion like “prices of x never fall”
8:18 PM - 18 Feb 2018
0 replies
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