If the whole process of learning from failure means discarding stuff that’s not working, but in fact, our natural reaction is to keep going, to throw more money behind it, to throw more emotional energy behind it… that’s a real problem.
Tim Harford Quotes
Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can. You don't expect dentists to be able to forecast how many teeth you'll have when you're 80. You expect them to give good advice and fix problems.
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