2851: Why You Don’t Know the Price Until You Sell by Nick Maggiulli of Of Dollars and Data on Liquidity
Optimal Finance Daily - Financial Independence and Money Advice
Optimal Living Daily LLC
4.5 • 1.3K Ratings
🗓️ 1 September 2024
⏱️ 11 minutes
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| 0:00.0 | This is optimal finance daily. |
| 0:03.0 | Why you don't know the price until you sell, |
| 0:06.0 | by Nick Majulley of of dollars and data.com. |
| 0:10.0 | And I'm your host and personal finance enthusiast Diana Merriam. |
| 0:14.0 | I'm going to jump right into today's post as we optimize your life. |
| 0:20.0 | Why you don't know the price until you sell by Nick Mad Julie of of dollars and data.com |
| 0:30.7 | It was 1935 and the Austrian physicist Erwin Schrodinger had a problem with Albert Einstein. |
| 0:38.0 | Einstein had just released a paper with two fellow scientists that discussed the concept of superposition, an idea |
| 0:46.8 | that seemed somewhat absurd to Schrodinger. Superposition implied that an atom or any quantum system was simultaneously in multiple states |
| 0:58.4 | until the point of observation. Once the system was observed, its true state would be revealed to the observer. |
| 1:07.0 | This implied that the act of observation changed how the universe behaved. |
| 1:12.0 | In order to convey his skeptical view on his changed how the universe behaved. |
| 1:12.7 | In order to convey his skeptical view on the matter, |
| 1:16.1 | Schrodinger devised a thought experiment. |
| 1:19.4 | Quote, one can even set up quite ridiculous cases. A cat is penned up in a steel chamber with a Geiger counter and a tiny bit of radioactive substance, so small that perhaps in the course of the hour one of the atoms |
| 1:37.0 | decays, but also with equal probability perhaps none of it decays. If it decays, the counter tube discharges and |
| 1:46.8 | releases a hammer that shatters a small flask of hydrocyanic acid. If one has left this entire system to itself for an hour, the |
| 1:57.4 | cat still lives if no atom has decayed. However, the first atomic decay would have poisoned it. The entire system would |
| 2:06.4 | express this by having in it both the living and dead cat." Shrodinger argued that since the atom's state of decay is unknown, the cat's state of |
| 2:18.6 | being alive or dead is also unknown. |
| 2:22.4 | Only once you've opened the steel chamber could you determine |
| 2:25.6 | whether the cat was living or deceased. You've probably heard of Shrodinger's cat |
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