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Wed, 21 Jan 2009

A Bias Towards Action

Doing "nothing" is exactly what a soccer goalie does when he's positioned himself in the right place given the shot angles available to the opposition.

Unfortunately, doing "nothing" gets politicians no extra credit on their final exam. Politicians, like soccer goalies, have a bias towards action which causes them to fail more than inaction would.

posted at: 06:58 | path: /economics | permanent link to this entry

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