Category Archives: Prize for Myopia

Play stupid games, win stupid prizes

From the Australian Financial Review, 29-30 July – ‘Slow Connections’: When Stephen Sims hears one of his clients is getting the National Broadband Network installed, he sends them a wireless router and a 4G dongle. “The NBN connections have been … Continue reading

Posted in Critical Thinking, Decision-making, Epistemic Rationality, Esau Problem, Instrumental Rationality, Moral Hazard, Principal-Agent Problems, Prize for Myopia, Sunk Cost Fallacy | Leave a comment

From the ‘Cutting one’s nose off …’ department

A historical episode which, if it happened this year, would quite possibly win the Zbig Brzezinski Prize for Myopia. From page 342 of an interesting but overly-long book, Operation Kronstadt, by Harry Ferguson: But before Paul [Dukes, MI6’s operative in Bolshevik Russia just … Continue reading

Posted in Esau Problem, Poor reasoning, Prize for Myopia | Leave a comment

Zbig Brzezinski Prize: oil exporters enter the competition

And so, only one day after the initiation of the competition, we have a collective entry into the competition for the Zbigniew Brzezinski Prize for Myopia: When the price of oil was above $100, many of the less developed oil exporting … Continue reading

Posted in Esau Problem, Moral Hazard, Prize for Myopia | Leave a comment