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You have arrived at the web home of Noah Brier. I currently run Alephic, an AI-first strategy and software partner for marketing's most complex challenges. You can read more about me or get in touch. If you want more recent writing of mine, most of that is in my newsletters BRXND marketing x AI and Why Is This Interesting?, a daily email for the intellectually omnivorous.

January, 2012

Optimism versus Pessimism

Kahneman's take on overconfidence as the engine of capitalism.
Interesting thought from Daniel Kahneman (by way of this Economist article) on the role of overconfidence in the economy:
A cheery disposition may be necessary for societies to function. Daniel Kahneman, a psychologist and Nobel economics laureate, has a chapter in his book “Thinking Fast and Slow” which describes overconfidence as “the engine of capitalism”. No entrepreneur can be sure that his planned investment will succeed but if no one took a risk, new products and jobs would never be created. A certain blindness to the odds may be necessary.
I really need to read Kahneman's book ...
January 29, 2012
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Noah Brier | Thanks for reading. | Don't fake the funk on a nasty dunk.