"In life, it’s usually even more complicated because in most real decisions we haven’t examined the coin. We don’t know if it is a fair coin, if it has two sides with a heads and tails on it and is weighted properly. That’s the hidden information problem. We can’t see everything. We haven’t experienced everything. … Continue reading The Resulting Fallacy Is Ruining Your Decisions – Issue 55: Trust – Nautilus
Tag: risk
Imagined Possibilities & One Bad Storm
"Docility no longer emanates from priestly magic, it results from a mass of minor hypnoses: news, culture, town-planning, publicity, mechanisms of conditioning and suggestion in the service of any order, established or to come."—Raoul Vaneigem, "The Revolution of Everyday Life." Oakland, California: PM Press, 2012. I was reading an article in The Guardian on the problem … Continue reading Imagined Possibilities & One Bad Storm
