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I think there is clearly a connection between free time and procrastination. The more you have of the former, all things being equal, the more likely you are to procrastinate.

James Surowiecki

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James Surowiecki
Age: 57
Born: 1967
Born: April 30
Journalist
Writer
Meriden
Connecticut
James Michael Surowiecki
Free
Procrastinating
Things
Procrastination
Time
Connection
Think
Former
Thinking
Clearly
Likely
Connections
Equal
Procrastinate

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But, if recent history has taught us anything, it’s that self-regulation doesn’t work in finance, and that worries about reputation are a weak deterrent to corporate malfeasance.
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In part because individual judgement is not accurate enough or consistent enough, cognitive diversity is essential to good decision making.
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In a world where companies increasingly know about their business in real time, it makes no sense that public reporting mostly follows the old quarterly schedule. Companies sit on vital information until reporting day, at which point the market goes crazy.
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Of course, plenty of people don't think that guaranteeing affordable health insurance is a core responsibility of government.
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The fact that industries wax and wane is a reality of any economic system that wants to remain dynamic and responsive to people's changing tastes.
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Linux is a complex example of the wisdom of crowds. It's a good example in the sense that it shows you can set people to work in a decentralized way - that is, without anyone really directing their efforts in a particular direction - and still trust that they're going to come up with good answers.
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If army ants are wandering around and they get lost, they start to follow a simple rule:Just do what the ant in front of you does. The ants eventually end up in a circle. There's this famous example of one that was 1,200 feet long and lasted for two days the ants just kept marching around and around in a circle until they died.
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The fundamental problem with banks is what it's always been: they're in the business of banking, and banking, whether plain vanilla or incredibly sophisticated, is inherently risky.
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I think people don't understand compound interest because typically no one ever explains it to them and the level of financial literacy in the US is very low.
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Moviegoers love the intricacies of a crime all the more when it's for a good cause.
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The U.S. is excellent at importing cheap products from the rest of the world. Let's try importing some human capital instead.
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Developing countries often have hypertrophied bureaucracies, requiring businesses to deal with enormous amounts of red tape.
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Under the right circumstances, groups are remarkably smart - smarter even sometimes than the smartest people in them.
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