Incredibly interesting quote I heard recently from @tylercowen that’s going to require some processing: “I think if you've lived an optimal life, there is actually a lot of regret at the end of it. The best path for a life is not regret minimization... it's something else. (1/4)
“People assume that your deathbed perspective has this unique or special vantage point but it's when your faculties are at their weakest, your memory of what actually happened is at its worst. You're not responsible for any of it anymore” (2/4)
The core economist prescription [is] internalize the externalities. Don't ask me as I'm about to pass away... that guy will say anything. So I hope I'm full of regrets on my deathbed” (3/4)
And on a related note, if you don’t already listen to #ConversationsWithTyler it's an exceptional podcast on economics (and occasionally on how to live) (4/4)
