To my mind, the ideal would be if everyone were guided by morals / ethics and just did what was right. To a large extent, I think that’s really what has kept Singapore running so well. To me, Lee Kuan Yew created and inspired a culture of good governance among the PAP, while also setting … Continue reading On effective government
Before anyone takes it upon himself to criticise the government, their own parents, their teachers, etc., consider this: In a democracy, the government governs on behalf of the people. In a company, the managers manage on behalf of the shareholders. Whenever we allow another party to act on our behalf, we encounter the principal-agent problem: <quote>PRINCIPAL-AGENT … Continue reading The individual vs the government — principal-agent problem and information asymmetry
Daniel Kahneman: The riddle of experience vs. memory | Talk Video | TED.com (The reader is strongly encouraged to watch the above-linked talk before proceeding.) Here’s a summary/analysis: (1) The following are fundamentally different: what we remember, vs what we actually experience. The level of happiness (or pain) experienced by the self during an activity tends to be very different … Continue reading “Happiness”: Experiencing Self, vs Remembering Self
Caveat Lector 