Another month, another rationality quotes thread. The rules are:
- Please post all quotes separately, so that they can be upvoted or downvoted separately. (If they are strongly related, reply to your own comments. If strongly ordered, then go ahead and post them together.)
- Do not quote yourself.
- Do not quote from Less Wrong itself, HPMoR, Eliezer Yudkowsky, or Robin Hanson. If you'd like to revive an old quote from one of those sources, please do so here.
- No more than 5 quotes per person per monthly thread, please.
- Provide sufficient information (URL, title, date, page number, etc.) to enable a reader to find the place where you read the quote, or its original source if available. Do not quote with only a name.
"I just don't have enough data to make a decision."
"Yes, you do. What you don't have is enough data for you not to have to make one"
http://old.onefte.com/2011/03/08/you-have-a-decision-to-make/
Marc Andreessen
It looks like that ANY advice from highly successful people might be dangerous, since they are only a small minority of those, who also tried those same things. Most of them much less successfully.
In reply to both Nancy and Thomas:
"For Taleb, then, the question why someone was a success in the financial marketplace was vexing. Taleb could do the arithmetic in his head. Suppose that there were ten thousand investment managers out there, which is not an outlandish number, and that every year half of them, entirely by chance, made money and half of them, entirely by chance, lost money. And suppose that every year the losers were tossed out, and the game replayed with those who remained. At the end of five years, there would be three hundred and thirteen people who had made money in every one of those years, and after ten years there would be nine people who had made money every single year in a row, all out of pure luck. Niederhoffer, like Buffett and Soros, was a brilliant man. He had a Ph.D. in economics from the University of Chicago. He had pioneered the idea that through close mathematical analysis of patterns in the market an investor could identify profitable anomalies. But who was to say that he wasn’t one of those lucky nine? And who was to say that in the eleventh year Niederhoffer would be one of the unlucky ones, who suddenly lost it all, who suddenly, as they say on Wall Street, “blew up”?
-Malcom Gladwell
A magician named Derren Brown made a whole program about horse racing to illustrate the point of the above story. It's kinda interesting, but wastes more time than reading the story above.
https://www.youtube.com/watch?v=9R5OWh7luL4
“The root of all superstition is that men observe when a thing hits, but not when it misses"
-- Francis Bacon
https://www.goodreads.com/quotes/5741-the-root-of-all-superstition-is-that-men-observe-when
The quote is true to Bacon's thought, and its expression much improved in the repetition. Here is the nearest to it I can find in Bacon's works on Gutenberg:
Francis Bacon, "The Advancement of Learning"
Peter Thiel
As somewhat of a libertarian, I tend to fall into that last group. I have to keep reminding myself that if nobody could outguess the market, then there'd be no money in trying to outguess the market, so only fools would enter it, and it would be easy to outguess.
There is the old joke about a student and a professor of economics walking on campus. The student notices a $20 bill lying on the sidewalk and starts to pick it up when the professor stops him. "Don't bother," the professor says, "it's fake. If it were real someone already would have picked it up".
That joke got less funny the first time I picked up a Christian tract disguised as a $20 bill. It got a lot less funny the second.
--Sorry, no cite. I got this from someone who said they'd been seeing it on twitter.
And what is the probability that one of them is a Prior?
Arthur Martine, quoted by Daniel Dennett
It tells a lot about the way our brains are built that you have to consciously remind yourself of this in the course of the argument and it doesn't really come naturally.
Medivh
edit: If you decide to reply, please read the original comment on SSC for context.
Though I am glad not everyone followed this advice with regards to me, when I was (more of) an idiot. I owe those patient, sympathetic, tolerant people a great deal.
Having been on both sides... how do you know when you are the idiot?
Maybe so, but this also assumes that you're good at determining who's an idiot. Many people are not, but think they are. So you need to consider that if you make a policy of "don't argue with idiots" widespread, it will be adopted by people with imperfect idiot-detectors. (And I'm pretty sure that many common LW positions would be considered idiocy in the larger world.)
Consider also that "don't argue with idiots" has much of the same superficial appeal as "allow the government to censor idiots". The ACLU defends Nazis for a reason, even though they're pretty obviously idiots: any measures taken against idiots will be taken against everyone else, too.
Having come from there, the general perception is that LW-ers and our positions are not idiots, but instead the kind of deluded crackpot nonsense smart people make up to believe in. Of course, that's largely for the more abstruse stuff, as people in the outside world will either grudgingly admit the uses of Bayesian reasoning and debiasing or just fail to understand what they are.
A large part of the problem is that all the lessons of Traditional Rationality teach to guard against actually arriving to conclusions before amassing what I think one Sequence post called "mountains of evidence". The strength and stridency with which LW believes and believes in certain things fail a "smell test" for overconfidence, even though the really smelly things (like, for example, cryonics) are usually actively debated on LW itself (I recall reading in this year's survey that the mean LW-er believes cryonics has a 14% chance of working, which is lower than people with less rationality training estimate).
So in contradistinction to Traditional Rationality (as practiced by almost... (read more)
The former has a fair amount of appeal for me and the latter I would find appalling and consider to be descent into totalitarianism. I don't think this comparison works.
Really? I feel the same way as Lumifer and asusmed that this was the obvious, default reaction. Damned typical-mind fallacy.
I do like the old "Never argue with stupid people, they will drag you down to their level and then beat you with experience" maxim :-)
Immanuel Kant, Critique of Pure Reason (trans. Norman Kemp Smith), p. A58/B82.
Kant seems to have one of the first systematic question dissolvers:
... (read more)Taleb, Aphorisms.
Glenn Reynolds
From Wikipedia "Various species of mosquitoes are estimated to transmit various types of disease to more than 700 million people annually in Africa, South America, Central America, Mexico, Russia, and much of Asia, with millions of resultant deaths. At least two million people annually die of these diseases, and the morbidity rates are many times higher still."
Related: let's eliminate species of mosquitoes that bite humans.
-- Anne Morris
Three Bayesians walk into a bar: a) what's the probability that this is a joke? b) what's the probability that one of the three is a Rabbi? c) given that one of the three is a Rabbi, what's the probability that this is a joke? (c)
According to the base rate there is an evidence that this is a joke about Russia national team or Suarez bite
Prisca iuvent alios: ego me nunc denique natum gratulor
Let others praise ancient times; I am glad I was born in these.
-- Ovid
http://izquotes.com/quote/140267
"My ambition is to say in ten sentences what everyone else says in a book - what everyone else does not say in a book."
-Nietszche
Relevant to bounded cognition and consequentialism:
-- Loyal to the Group of Seventeen, The Citadel of the Autarch, Gene Wolfe
C is quirky, flawed, and an enormous success
-- Dennis Ritchie, The Development of the C language
He's saying that one does not need to do a perfect job to win. A common failure mode is to spend ages worrying about the details while someone else's good-enough quick hack takes over the world. It's quite a resonant quote for programmers.
C and Unix obliterated their technically superior rivals. There's a whole tradition of worrying about why this happened in the still extant LISP community which was one of the principal losers. Look up 'Worse is Better' if you're interested in the details.
C was a major improvement on the languages of the day: COBOL, Fortran, and plain assembly. Unlike any of those, it was at the same time fully portable, supported structured programming, and allowed freeform text.
But I don't think programmers would have embraced LISP even if its performance was as good as the other languages. For the same reasons programmers don't embrace LISP-derived languages today. It is an empirical fact that the great majority of programmers, particularly the less-than-brilliant ones, dislike pure functional programming.
On Confidence levels inside and outside an argument:
Heimskringla - The Chronicle of the Kings of Norway
I think the idea is something like: the probability of rolling 12 on fair 2d6 is 1/36, but the probability of fair dice being used when kings gamble for territory is far lower.
What about fanfictional evidence?
More seriously, shouldn't it be "don't update on fictional evidence as if it were true"?
Certainly it's reasonable for a story to make us reconsider our beliefs.
-- Peter Singer, Marx: A Very Short Introduction
No, the second clearly implies that the speaker simply doesn't hold with Enlightenment principles, empiricism, and all that "judicious study of discernible reality" crap. That speaker clearly prefers to just act, not out of rational calculation towards a goal, but because acting is manly and awesome. This is why people have such vicious contempt for that speaker: not only is he not acting rationally on behalf of others, he doesn't even care about acting rationally on his own behalf, and he had the big guns.
Duplicate
Michel de Montaigne, Essais, Book III.
Taleb, Aphorisms
Chance is always powerful. Let your hook always be cast; in the pool where you least expect it, there will be fish
-- Ovid
http://izquotes.com/quote/140231
Don't know the original. Anyone? Quidquid in latine dictum sit, altum videtur, and all that.
-- Lemony Snicket, All The Wrong Questions, Book 2, When Did You See Her Last?, Chapter Seven
Nassim Taleb
I'd love to see Taleb actually prove his assertion here, rather than expecting his readers' cynicism and bitterness to do the work of evidence.
In my estimation (having worked at several universities of various size and prestige, and more recently having consulted at all sorts of businesses) the problem is a common problem in a lot of American business/government since the 1970s/80s- the rise of professional management.
At large flagship U down the street from my house, professor labor costs have dropped markedly (the trend has been to replace tenure track lines with adjuncts and grad students as well as to increase grant overhead. In the science departments, many professors turn a net profit because grant overhead is larger than their salary costs). Enrollment is way up, tuition is way, way up. A drive to leverage university held patents has created massive profits for the university (with some absurdity along the way- a professor tried to start a company only to get a cease and desist order from a semi-conductor company. The university had sold the rights to his research to the semi-conductor company.)
And yet- the university finds itself on the verge of bankruptcy... (read more)
I disagree- you'd be amazed how inefficient you can be and still be profitable. Lots of very large companies are being strangled by their bureaucracy even while remaining at least somewhat profitable (generally the existence of a huge company is all-in-itself a barrier to entry for competitors). I've worked for a surprising number of companies that have the basic problem of "I used to be very profitable, but now I find I'm slightly less profitable despite selling more products at higher margins." Even worse, I've seen attempts to solve the problem derailed by the same management apparatus.
A former boss was fond of blaming MBAs. He had a saying something along the lines of- the core problem with MBAs is the idea that you can good at "business" without being good at any particular business. MBAs march in, say "we need to quantify these decisions" and add a ton of process (which invites the managers in). A decade later, they notice that despite generally better conditions they aren't as profitable, they higher some big data consultants to come in and we say things like "you are spending $x+100 dollars to better quantify decisions that are only worth $x, and thats not even counting all the time you waste for all the paperwork that the process requires."
I would be interested to know how well documented this "curse of success" is? Is it studied in the economic literature? When do corporations, nations, firms, individuals suffer from this curse, when do they not? When do entire industries--like universities-- suffer from the curse? When do they survive and recover? When do they go completely bust? It seems possible to find examples going both ways, so I'm guessing there's something more subtle going on.
It ain't what we don't know that causes trouble, it's what we know that just ain't so.
David Deutsch, claiming the authority of an "unknown sage" http://www.theguardian.com/science/2012/oct/03/philosophy-artificial-intelligence
-- Johan George Granstrom, Treatise on Intuitionistic Type Theory
Nassim Taleb
Nassim Taleb