Hi All,

NasSim Taleb:
"My major hobby is teasing people who take themselves and the quality
of their knowledge too seriously and those who don’t have the guts to
sometimes say: I don’t know...." (Reminds me of Socrates)

The Problem of Induction or why experience may have a negative value
for knowledge...

 "Consider a turkey that is fed every day for 1000 days. Every single
feeding will firm up the bird's belief that it is the general rule of
life to be fed every day by friendly members of the human race
"looking out for its best interests," as a politician would say. On
the afternoon of the Wednesday before Thanksgiving, something
unexpected will happen to the turkey. It will incur a revision of
belief."

Consider the 999th feeding. "What can a turkey learn about what is in
store for it tomorrow from the events of yesterday? A lot, perhaps,
but certainly a little less than it thinks, and it is just that
"little less" that may make all the difference."

Our confidence in our belief increases as we encounter more and more
evidence confirming our original hypothesis.

"Consider that the turkey's experience may have, rather than no value,
a negative value. It learned from observation, as we are all advised
to do (hey, after all, this is what is believed to be the scientific
method). Its confidence increased as the number of friendly feedings
grew, and it felt increasingly safe even though the slaughter was more
and more imminent. Consider that the feeling of safety reached its
maximum when the risk was at the highest!"

Does the MOQ help us not be turkeys?
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