Thursday morning news drop
Dunning-Kruger Effect: Intuitive Errors Predict Overconfidence on the Cognitive Reflection Test The present study explores the DKE within the context of a reflective-reasoning test, where a compelling, intuitive but incorrect response must be overridden for successful performance to be attained (Frontiers in Psychology)
How Not to Get Fooled by the New Inflation Numbers We could be on the verge of a golden era for inflation nonsense. The potential for misunderstanding derives from several forces crashing against one another at once. There are sure to be shortages of some goods and services as the economy creaks back to life, which could create scattered price increases for airplane tickets or hotel rooms or, as has been the case recently, certain computer chips. (Upshot)
‘The Start of a Comeback’ in 5 U.S. Cities With vaccinations picking up, warmer weather and increased business re-openings over the last week, tourism has picked up in these destinations. (New York Times)
NFTs Are Selling for Millions. Are They Warming the Planet, Too? Making the digital artworks requires colossal amounts of computing power, and that means greenhouse gases. (New York Times)
Home is where the cartel is Singapore expanded its housing supply, at remarkable speed and scale, by building out extremely dense but nevertheless green, livable, and attractive “new towns“. Rather than restricting our attention to putting more housing in existing desirable neighborhoods, why not follow Singapore and build new neighborhoods, and when we run out of space for those, new ring cities? Singapore has done a ton of experimenting, in regulation, architecture and urban design, in putting greenspaces around (and on) increasingly creative high-rise developments. (Interfluidity)
How Becky Lynch Became 'The Man' On the eve of another WrestleMania, go inside the WWE Superstar's brutal, bloody fight to shape the world to her will. (Elle)
Housing bubble Two Point No “Home prices are not in a bubble. It’s not like people are collecting houses. These are first-time home buyers! The rise in prices was fueled by Covid, low interest rates, and most importantly, demographics. Are prices red hot? Yes. Is this a bubble that will pop? No.” (Irrelevant Investor)
Federal government unveils $1.5 billion plan to boost green building Infrastructure Minister Catherine McKenna has announced a $1.5-billion program designed to spur green building through retrofits, upgrades and new construction of public institutions. (On Site)
How Hedge Funds Lost Their Way and Why They’ll Come Back HFRI Equity Hedge Total Index returned 14% a year from inception in 1990 through the financial crisis in 2008, doubling the total return of the S&P 500 Index. Since 2009, however, the tables have turned. The HFRI index has returned 8% a year through February, roughly half the return of the S&P 500. To understand what happened, and why fortune may return for equity hedge funds, it helps to know a bit about how stock pickers make money for investors. (Bloomberg)
How The Next Batteries Will Change the World Silicon Valley is about to commercialize revolutionary technology that will enable huge breakthroughs in the battle against global warming. The future of batteries, sought for decades by academics, startups, and corporate R&D armies is—quite possibly—just a slender sheet of ceramic material that’s supple enough to bend between two fingers. But no one outside of a Silicon Valley startup is allowed to know what it’s made of. Even the color of this man-made substance is a closely held secret, so of course it’s never been independently analyzed.