Barry Schwartz

Consider the following. A young child, having received a playhouse as a gift and finding its interior too dark, asks her mother how she makes their house so light. “By flipping a switch,” says the mother. The child finds a spare switch in the basement, hangs it on the playhouse wall, and flips it, but gets no light. How charming is the innocence of young children. And how oblivious adults can be to the background conditions that are necessary to make “flipping the light switch” give us light.

In part 1 of my discussion of Choose Wisely, I detailed a typical decision—what to do on a beautiful Saturday—to illustrate the sorts of decisions we face in everyday life. My aim was to show that even a simple decision such as this one comprises a complexity that we often fail to appreciate.

An early look at the Super Bowl market for next year on Kalshi The NFL offseason never really sleeps, and for traders who know what they’re doing, the time after the Super Bowl is one of the best times of the …