"...a stupid person causes damage to others while deriving no gain, or even possibly incurring losses. We invariably underestimate the number of stupid individuals in circulation as the probability that a certain person is stupid is independent of other characteristics or credentials (e.g., they can have a Ph.D. or be President). We (the non-stupid) are … Continue reading Identifying a Stupid Person
The Market of Truth & Faction
"Fooling people only requires telling them what they want to hear, over and over again. People love to hear how right they are." —Stan Beeman, in The Americans. The market for truth is a small one. On the scale of the universe, it is true that we are insignificant. On that level, we don't factor … Continue reading The Market of Truth & Faction
