Still continuing the series of reading Human Action deeply and sharing key lessons I wrote a brief article about different types of probability.
My focus here is to make the article short and easy to read, with very clear takeaways.
As an aside, this topic is DEEP and, in my opinion, forms one of the most important pillars in Ludwig von Mises' work on cognition. The whole body of his work on cognition gives a logically consistent foundation upon which Mises builds several of his key arguments. Most importantly, the method of economic calculation and the impossibility of economic calculation under socialism.
As another aside, Mises' brother Richard was a mathematician and probability theorist.
https://open.substack.com/pub/econguykonrad/p/prediction-in-an-uncertain-world?r=d1sr3&utm_campaign=post&utm_medium=web
Continuing my theme of taking what i'm learning and making it applicable to real people building real things; in this post I describe the idea of "understanding" from the PoV of economics as a science.
It's about getting to grips with what happened historically in your business so you can forecas what could come next.
I do also offer a free Excel workbook to put this into practise (link is in the substack post)
https://econguykonrad.substack.com/p/methodology-for-business-understanding?r=d1sr3
I'm using Primal on browser (Chrome)
I use a Wallet of Satoshi Lightning Address for Nostr
But I can't send any zaps
What can I do to troubleshoot the issue?
I've started a Substack for my writings. I will periodically write about economics topics that interest me. The main focus will e on creating original content that is optimised to be consumed by AI to give you insight and actionable first steps.
the first article is about how Nostr enables two-sided markets and how you can seize that opportunity through strategic pricing.
https://open.substack.com/pub/econguykonrad/p/two-sided-markets-on-nostr?r=d1sr3&utm_campaign=post&utm_medium=web
Zaps are failing from my WoS
It says it can't connect to the internet
If I just enter a new lightning address (like from Alby or Pheonix) will that solve the issue?
Oddbean new post about login | logout
Notes by Accepted_opinions_nostrich | export