Eric Weinstein: Economic Thinking In A Fallible World

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Business, Religious Studies, Other, Social Studies, Physics, Science
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University
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Hard
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the key components of reflexivity as discussed in the video?
Risk and reward functions
Profit and loss functions
Supply and demand functions
Cognitive and participating functions
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What analogy is used to describe the interaction between minds and markets?
Minds tell markets how to invest, and markets tell minds how to save
Minds tell markets how to move, and markets tell minds how to curve
Minds tell markets how to stop, and markets tell minds how to start
Minds tell markets how to grow, and markets tell minds how to shrink
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the speaker suggest classical economic theories can be improved?
By eliminating all psychological factors
By focusing solely on mathematical models
By relaxing assumptions to include diverse consumer behaviors
By increasing government intervention
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential downside of relaxing assumptions in economic models?
Loss of elegance
Increased predictability
Increased complexity
Decreased accuracy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is considered a hallmark of interoperability in economic models?
Complexity
Elegance
Simplicity
Inaccuracy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the speaker's view on the use of advanced mathematics in economics?
It is unnecessary and overly complex
It should be avoided to maintain simplicity
It is only useful for theoretical purposes
It can provide a closer approximation to reality
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What mathematical theory is mentioned as being used to calculate consumer price inflation?
Probability theory
Chaos theory
Gauge theory
Game theory
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