Nice editing. NNT in excellent form. Wish it were longer.
Hay Festival video: On the power of cab drivers
Nassim Nicholas Taleb on knowledge, power and why a cab driver knows as much as a political scientist about what is going to happen tomorrow.
When it comes to economic life, we have evidence that a cab driver knows as much as a political scientist-anyone in Washington- in what’s going to happen tomorrow.
People tend to fit their beliefs to the profession, rather than fit their professions to their beliefs…
…when people’s income depends on certain set of beliefs, they will endorse these sets of beliefs, just for the sake of maintaining their lifestyle.