Pascal’s Market

The metaphor of risk management uses financial incentives to empower our nobler epistemic instincts.

While the metaphor of Facts excuses us from the responsibility of exercising personal judgment, the metaphor of risk management uses financial incentives to empower our nobler epistemic instincts to overcome our lazier ones.

... The employment of gree

Taleb’s notion of rationality-as-risk-management liberates “rationality” from conflicting sets of rhetorical expectations, and replaces them with a common set of market incentives .

Market incentives create the kind of consensus the information age demands, and also the kind of people who can tolerate it .

The metaphor of risk management creates good-faith discourse.

In a market, everybody knows their ideological opponents are making an honest effort to understand — or, l iterally paying for the luxury of not making that effort.

A market is a mechanism for establishing cross-ideological trust.

Note that Wall Street bulls never characterize bears as “in