There Are No Solutions In The Real World, Only Tradeoffs

1 min read

Should we “trust the science”? What does that even mean?

Dr. Carlos Carvalho is a professor of statistics and the Executive Director of the Salem Center for Policy at the University of Texas at Austin. He’s an expert in analyzing data and understanding the tradeoffs of competing policies.

Dr. Carvalho doesn’t believe we should “trust the science” because science is not capable of leading people. The scientific method is a process of gathering information about the world, but in the end, decision making lies with each of us, according to our values.

That said, Dr. Carvalho knows how important data is to the decision making process. In fact, one of the biggest problems today is that, whether the issue is poverty, climate change, or infectious disease, most people don’t have an accurate dataset on which to base their decisions. In his classes, he teaches the current generation of college students how to avoid these pitfalls and develop reliable critical thinking skills to carry with them into their lives after college.

If you would like to check out Dr. Carvalho's work at the Salem Center, click here.

These Guys Made YouTube’s First Viral Rap Battle

What do hip hop and economics have in common? Well, until host John Papola and Russ Roberts met following the 2008 Global Financial Crisis, there was...

Read More

Venture Capitalist Reveals His Top-Secret Steak Recipe

Evan Baehr has some wisdom to share. He may be a successful investor and entrepreneur, but Baehr’s most important role is as a devoted family man. In...

Read More

Pitch Perfect: Welcome To Business School

Is the point of a successful career to gather as much money as possible so that you can later start “doing good,” or should increasing your net worth...

Read More