Category Archives: Epistemic Rationality

Ominous

Zerohedge: I told Rex Tillerson, our wonderful Secretary of State, that he is wasting his time trying to negotiate with Little Rocket Man… Save your energy Rex, we’ll do what has to be done! It appears that President Trump has … Continue reading

Posted in Decision-making, Epistemic Rationality, Flotsam and Jetsam, Goal Rationality, Instrumental Rationality | Leave a comment

Epistemic rationality: the role of data in logistical planning and coordination

Epistemic rationality is the key to economic efficiency, as two pieces from the Financial Times make clear. First, a letter from Richard Christian, August 23 this year: Sir, Martin Sandbu is right when he says that crises are caused by … Continue reading

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False positive: over-zealous securities market regulation in India

Again, from the Financial Times – I’ve been reading a lot and have collected many stories in the last couple of months, but haven’t had time to write them up here – Ham-fisted crackdown sparks Indian companies’ ire: The directors … Continue reading

Posted in Epistemic Rationality, Formal fallacies in reasoning, Instrumental Rationality, Poor reasoning | Tagged , | Leave a comment

Habituation: Japan and their difficult neighbours

Also seen in the Financial Times on Friday, from Japan, missiles and bad 1980s bands: There are tow leading answers to why the Nikkei 225 Average only dropped 0.9 per cent in intraday trading on Tuesday despite the heightened risk … Continue reading

Posted in Epistemic Rationality, Mind-sets and Logic-Bubbles, Problems with perception intuition and judgement, Strat. Assumptions v. Tac. Indicators | Tagged , , | Leave a comment

Affect Heuristic and Investing

Spotted in the Financial Times on Friday, in an article about Northern Rock [Martin Arnold, ‘Northern Rock investors accuse Treasury of profiting from bailout’, Friday, September 4, 2017]: Many small shareholders lost their life savings when  Northern Rock was nationalised. … Continue reading

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Dégringolade

All week, I’ve thought of putting my thoughts on Charlottesville and the aftermath together in a succinct, powerful essay. But I can’t. Too much of significance has happened, my time and my cognitive resources have been diverted to other, more … Continue reading

Posted in Cult-Marx Inversion, Democracy and freedom of mind, Epistemic Rationality, Mind-sets and Logic-Bubbles, Narrative and Taboo, The Suicide of the West | Leave a comment

Europeans shaping the Middle East

Recently, while bored at work waiting for replies to emails, I surfed Infogalactic to the page on Mark Sykes, the Englishman who worked with the Frenchman Picot to draw the lines in the sand that defined the boundaries of a … Continue reading

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Foresight – Enoch Powell

A letter to the Financial Times, from Mr Julian Boswall, 20 June, 2017: Sir, It is not correct that the people in Britain were mendaciously told in 1975 that the common market had “no political agenda” (Letters, June 16). Enoch … Continue reading

Posted in Benefits, Critical Thinking, Epistemic Rationality, Good Thinking, Insights, intuition and judgment, Narrative and Taboo, Sound Reasoning, The Mind & Society, The Suicide of the West | Leave a comment

Play stupid games, win stupid prizes

From the Australian Financial Review, 29-30 July – ‘Slow Connections’: When Stephen Sims hears one of his clients is getting the National Broadband Network installed, he sends them a wireless router and a 4G dongle. “The NBN connections have been … Continue reading

Posted in Critical Thinking, Decision-making, Epistemic Rationality, Esau Problem, Instrumental Rationality, Moral Hazard, Principal-Agent Problems, Prize for Myopia, Sunk Cost Fallacy | Leave a comment

Critical Thinking – what is it?

Making my way through the library of Paul Monk’s essays that I recently discovered, I came across this passage in the essay Expert Knowledge and Scientific Thinking are Under Siege: The most important of…intellectual capabilities and the one most under … Continue reading

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