Pascal’s Market

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

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 .