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mistermircea's profile
Mircea Macavei
Mircea Macavei
Mircea Macavei
@mistermircea

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Mircea Macavei

@mistermircea

Individualist, Gallivanter.

Joined October 2016

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    1. Luca Dellanna‏ @DellAnnaLuca 28 Aug 2017

      Kahneman&Tversky spent a career explaining how our brain is wrong, while they should have explained why it's right but our metrics are wrong

      2 replies 0 retweets 7 likes
    2. Tristan Lavender‏ @TristanLavender 28 Aug 2017
      Replying to @DellAnnaLuca

      I agree on the first part but could you explain the second part?

      1 reply 0 retweets 0 likes
    3. Luca Dellanna‏ @DellAnnaLuca 28 Aug 2017
      Replying to @TristanLavender

      1/ E.g. prospect theory. They basically say humans aren't able to compute Expected Financial Outcome of decisions such as bets.

      1 reply 0 retweets 0 likes
    4. Luca Dellanna‏ @DellAnnaLuca 28 Aug 2017
      Replying to @DellAnnaLuca @TristanLavender

      2 This is true,but they assume our brain should be able to do it because Financial Expected Outcome is the right metric to base decisions on

      1 reply 0 retweets 0 likes
    5. Luca Dellanna‏ @DellAnnaLuca 28 Aug 2017
      Replying to @DellAnnaLuca @TristanLavender

      3/ Instead, our brain uses another utility metric to take decisions: Expected Emotional Outcome. And take correct decisions based on it.

      2 replies 0 retweets 0 likes
    6. Luca Dellanna‏ @DellAnnaLuca 28 Aug 2017
      Replying to @DellAnnaLuca @TristanLavender

      4/ I find pretentious to say: "this is how our brain should work, and it is wrong to work the way it does."

      1 reply 0 retweets 1 like
    7. Tristan Lavender‏ @TristanLavender 28 Aug 2017
      Replying to @DellAnnaLuca

      I understand your point. The rationality of emotion has eluded psychologists for a long time.

      1 reply 0 retweets 0 likes
    8. Luca Dellanna‏ @DellAnnaLuca 28 Aug 2017
      Replying to @TristanLavender

      Exactly. Here I extend the concept to all behavioral psychology, not only behavioral economics.pic.twitter.com/BaMMZsW05L

      1 reply 0 retweets 2 likes
    9. Luca Dellanna‏ @DellAnnaLuca 28 Aug 2017
      Replying to @DellAnnaLuca @TristanLavender

      By the way, @nntaleb reached some similar conclusions here: https://medium.com/incerto/how-to-be-rational-about-rationality-432e96dd4d1a …

      1 reply 0 retweets 0 likes
      Mircea Macavei‏ @mistermircea 28 Aug 2017
      Replying to @DellAnnaLuca

      👍

      1:03 PM - 28 Aug 2017
      0 replies 0 retweets 0 likes

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