Knowing Things Is Hard

The same mechanism of transferring risk also impedes learning. More practically, You will never fully convince someone that he is wrong; only reality can. Actually, to be precise, reality doesn’t care about winning arguments: survival is what matters. For The curse of modernity is that we are increasingly populated by a class of people who are bett

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When facts are few, persuading the ignorant is relatively easy. But information abundance, already characteristic of early modern societies, engenders a degree of skepticism: The more there is to know, the more likely we feel that truth is elusive. Information super-abundance, or the condition of “digital plenitude,” as media scholar Jay David Bolt... See more

Looking back at the financial crisis, the people who came out relatively unharmed weren't the ones who saw the collapse coming. They were the ones who knew all along that nothing was certain, things change, people act irrationally, markets fail, information is incomplete, and above all, you have to be prepared for the unexpected. The biggest irony

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