unfortunately you can't trust people's facts
our quantitative
understanding of elasticity is shortterm we can estimate what a price reduction will do this week in this quarter but we cannot estimate the effect that consistently lowering prices
Founders Podcast • #365 Nick Sleep's Letters: The Full Collection of the Nomad Investment Partnership Letters
Jeff Bezos on lowering prices this week or this quarter.
Pricing is psychology like all the pricing videos I watched and you can't say raising or lowering prices would be better.
Graham Duncan felt that when he starting advising and changed 400 a week and raised it to 22000 a week and got way more business.
Truth Sandwich (George Lakeoff, 2018?): trying to refute an idea can spread it, because your audience is probably not the audience that was first exposed. Another name is prebunking (but committing publicly to a position on something has dangers: if you turn out to be wrong, it will be harder to admit that).
Sean • Knowing Things Is Hard
Telephone, Game of: as stories are retold or texts are copied they change.
Sean • Knowing Things Is Hard
Research Incumbency Rule: “Once an article is published in some approved venue, it is taken as truth. Criticisms which would absolutely derail a submission in pre-publication review can be brushed aside if they are presented after publication. This is what you call ‘the burden of proof on critics.'”
Sean • Knowing Things Is Hard
Power of Fiction: many people’s understanding of the world they live in owes a lot to fiction. Even if you know how something worked in a past society, someone in the past may have had different ideas if they had little or no direct experience. And many people still get their ideas about the past from Asterix comics or Shakespeare plays or computer
... See moreSean • Knowing Things Is Hard
Persona: writers and poets often speak in voices which are not their own voice. Its dangerous to assume that a love song is about a love affair that the author really had, or that the politics of a chronicle are the politics which the author would express over a jug of beer.
Sean • Knowing Things Is Hard
Partisanship: many people much of the time are more interested in supporting their faction than finding the truth. Many of the customs of science were created to keep debates from becoming dominated by parties outside of science, but parties within science can emerge (eg. debates about the Anglo-Saxon migration into Britain).
