#413: Tyler Cowen on Rationality, COVID-19, Talismans, and Life on the Margins

In episode #413 of 'The Tim Ferriss Show,' Tim engages in a wide-ranging conversation with Tyler Cowen, a polymathic economist, blogger, and author known for his daily contributions to the blog Marginal Revolution. The discussion kicks off with Tyler's unique breakfast choices, which leads into a broader conversation about rational decision-making and self-discipline in daily habits. Tyler shares his perspective on rationality, explaining the concept of meta-rationality, which involves understanding one's own limitations in knowledge and the importance of deferring to experts when appropriate. The conversation then shifts to the topic of COVID-19, which was emerging as a global concern at the time of recording. Tyler discusses how he consumes information about the virus, emphasizing the use of Twitter as a tool for gathering diverse viewpoints and the latest developments. He also touches on his blog post about how he practices what he does, likening it to a pianist practicing scales, and underscores the importance of daily writing and continuous learning. Tyler reflects on his decision to focus on internet-based education and dissemination of economics, a choice that diverged from traditional academic paths but has proven successful and fulfilling for him. The episode also delves into Tyler's thoughts on the complacency he observes in American society, his philanthropic endeavor Emergent Ventures, and his views on religion's societal benefits. Throughout the conversation, Tyler and Tim discuss the value of travel, learning from different cultures, and the significance of being engaged with a variety of people and ideas. The episode concludes with a more personal segment where Tyler and Tim explore their own motivations, habits, and the unifying theories of their personalities and life choices.