Episode 100
Understanding Nth Order Effects: How Legalising Gay Marriage May Help Straight Men
Charlie Munger, billionaire investor and vice-chairman of Berkshire Hathaway, was a large proponent of 2nd (and beyond) order thinking about the consequences of our decisions and the consequences of those consequences and so on as a good process for effective decision making. In this episode I highlight how the December 2017 changes to Australia's marriage act to legalise same-sex marriage may inadvertently help straight men in the future as the result of nth order effects as a means to demonstrate the principle. I also discuss the dangers of failing to consider nth order effects when we make decisions and evaluate the policies we support in jurisdictions where we have voting rights.
June 2, 202416m 51s
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Show Notes
Charlie Munger, billionaire investor and vice-chairman of Berkshire Hathaway, was a large proponent of 2nd (and beyond) order thinking about the consequences of our decisions and the consequences of those consequences and so on as a good process for effective decision making. In this episode I highlight how the December 2017 changes to Australia's marriage act to legalise same-sex marriage may inadvertently help straight men in the future as the result of nth order effects as a means to demonstrate the principle. I also discuss the dangers of failing to consider nth order effects when we make decisions and evaluate the policies we support in jurisdictions where we have voting rights. Want to listen to more episodes?
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Topics
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