Plato on cognitive biases

Platonically irrational

In his essay ‘On Being Modern-Minded’ (1950), Bertrand Russell describes a particularly seductive illusion about history and intellectual progress. Because every age tends to exaggerate its uniqueness and imagine itself as a culmination of progress, continuities with previous historical periods are easily overlooked: ‘new catchwords hide from us the thoughts and feelings of our ancestors, even when they differed little from our own.’ Behavioural economics is one of the major intellectual developments of the past 50 years. ….[READ]

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