Chapter
Hayek and Keynes on Setting Initial Conditions
24:30 - 28:49 (04:18)
The speaker discusses cost-benefit analysis in having children and reflects on contrasting views on setting initial conditions by Hayek and Keynes, as prompted by two rap videos featuring talented actors. The speaker also shares his observation that people have children not necessarily for the fun or better days they bring, as most married couples appear unhappy from an outsider's perspective.
Clips
The author of "Wild Problems" discusses why he wrote the book and how he became interested in investigating how people make decisions, using a story of a friend struggling to decide whether to have a child as an example.
24:30 - 25:55 (01:25)
Summary
The author of "Wild Problems" discusses why he wrote the book and how he became interested in investigating how people make decisions, using a story of a friend struggling to decide whether to have a child as an example.
ChapterHayek and Keynes on Setting Initial Conditions
Episode#613: Russ Roberts on Lessons from F.A. Hayek and Nassim Taleb, Decision-Making Insights from Charles Darwin, The Dangers of Scientism, Wild Problems in Life and the Decisions That Define Us, Learnings from the Talmud, The Role of Prayer, and The Journey to Transcendence
PodcastThe Tim Ferriss Show
People do not have children because it will make their lives more fun, rather they consider it as an important aspect of life.
25:55 - 28:49 (02:53)
Summary
People do not have children because it will make their lives more fun, rather they consider it as an important aspect of life. Despite the decision of having kids not being a more fun activity, people still choose to bring children into the world.