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Podcast: The Real Estate Espresso Podcast
Episode: Acceleration and the Economy
Description: On today’s show we are looking at our human ability to forecast non linear effects and in particular how this relates to economic forecasts. We are accustomed to looking at the world in very linear ways. When we see a car approaching most people are pretty good at estimating whether they have enough time to cross the road as long as the car is travelling at constant speed. But if the car is accelerating, virtually all people have a very hard time assessing whether it is safe to cross the road.That’s the difference between a li...