There's an important piece missing from the articles analysis.
As humans we are inherently social in nature.
We delegate a lot of our reasoning to the wider social group around us. This is more energy efficient.
The article asks 'why do many people go through long training programs "to make money" without spending a few hours doing salary comparisons ahead of time'.
We do long training programs (eg, college degrees) mostly because they are socially esteemed. This social esteem serves as a proxy to their worth, and its typically information that has... (read more)
We delegate a lot of our reasoning to the wider social group around us.... the vast majority of the time its a much more cost/information efficient way of doing things.
This strikes me as half right. Specifically: Yes, we often use social indicators to take the place of personal reasoning. And, yes, these indicators are better than nothing. But given the rapid (relative to the EEA) of change in e.g. what jobs pay well, what we know about how to avoid accidents, what skills can boost your productivity (e.g., typing on computers is now important, and, t... (read more)
There's an important piece missing from the articles analysis.
As humans we are inherently social in nature.
We delegate a lot of our reasoning to the wider social group around us. This is more energy efficient.
The article asks 'why do many people go through long training programs "to make money" without spending a few hours doing salary comparisons ahead of time'. We do long training programs (eg, college degrees) mostly because they are socially esteemed. This social esteem serves as a proxy to their worth, and its typically information that has... (read more)
This strikes me as half right. Specifically: Yes, we often use social indicators to take the place of personal reasoning. And, yes, these indicators are better than nothing. But given the rapid (relative to the EEA) of change in e.g. what jobs pay well, what we know about how to avoid accidents, what skills can boost your productivity (e.g., typing on computers is now important, and, t... (read more)