Estimates can be massively off in both directions. Why do you jump to the conclusion of inaction rather than action?
(My guess is that it’s sufficiently easy to generate plausible but wrong ideas at the 1% level that you should have SOME amount of inaction bias, but not to take it too far)
Estimates can be massively off in both directions. Why do you jump to the conclusion of inaction rather than action?
(My guess is that it’s sufficiently easy to generate plausible but wrong ideas at the 1% level that you should have SOME amount of inaction bias, but not to take it too far)