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Nassim Taleb Exposes The World’s “Intellectual-Yet-Idiot” Class | Zero Hedge

Full article: Nassim Taleb Exposes The World’s “Intellectual-Yet-Idiot” Class

Indeed one can see that these academico-bureaucrats wanting to run our lives aren’t even rigorous, whether in medical statistics or policymaking. They cant tell science from scientism?—?in fact in their eyes scientism looks more scientific than real science. (For instance it is trivial to show the following: much of what the Cass-Sunstein-Richard Thaler types?—?those who want to “nudge” us into some behavior?—?much of what they call “rational” or “irrational” comes from their misunderstanding of probability theory and cosmetic use of first-order models.) They are prone to mistake the ensemble for the linear aggregation of its components as we saw in the chapter extending the minority rule.

2 Comments

  1. Joanna Dunn Samson wrote:

    I’m an IYI and trying to figure out how to cure it!

    Monday, February 19, 2018 at 7:56 am | Permalink
  2. John wrote:

    I’m afraid the answer might be statistics! Best, John

    Monday, February 19, 2018 at 10:23 am | Permalink

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