This article is uncannily apropos for HN. The spectrum of opinions towards emerging technologies is so starkly colored by the eras during which practitioners did their primary work. It reminds me of the Heinlein quote from “A Door into Summer”, “When railroading time comes you can railroad—but not before.”
I was thinking about this in the context of large transformer based language models like GPT-3. Based on my years of experience in the field, I keep thinking that this is a dead-end on the path to full AI but I have to force myself to keep an open mind and to not to fall into that trap. Incidentally, Morgan Housel, the author of this essay is a very good financial writer - worth reading his other essays too.
Experts from a world that no longer exists
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Re: Experts from a world that no longer exists
#62Re: Experts from a world that no longer exists
#63Re: Experts from a world that no longer exists
#64Earlier quoted context omitted.
I went through grad school and I saw how change comes about one funeral at a time. A big shot professor that has made their name with their pet theory/work will fiercely defend it against competing ideas, and people will defer to their expertise. It's not scientific, it's egotistic. They are a wall against progress that gets removed upon death. These professors can also create a dogma through their students who also…
I can't help but wonder how much better our governments would operate if the median age of their workers were somewhat lower (IIRC that's around 45).
Youth who think they're forging new territory usually aren't, but there are plenty who think they are and have an arrogance about it that is insufferable.
Re: Experts from a world that no longer exists
#65This article offers nothing of value IMO... because what it's saying is basically that experts will, at some point, fail to see that circumstances have changed and advice that was good in their own "time" is no longer good... however, that's an obvious remark: as another commenter pointed out, people almost always tend to think "this time it will be different" and choose to ignore the experts... I would say more usef…
This article strikes me as the height of overconfidence tbh. The experts are frequently wrong but they're also usually right, and just blindly ignoring them usually leads to easily avoidable mistakes. You weigh the opinions of experts and then discount them when they're wrong, but only when you're really sure
Re: Experts from a world that no longer exists
#66Earlier quoted context omitted.
I went through grad school and I saw how change comes about one funeral at a time. A big shot professor that has made their name with their pet theory/work will fiercely defend it against competing ideas, and people will defer to their expertise. It's not scientific, it's egotistic. They are a wall against progress that gets removed upon death. These professors can also create a dogma through their students who also…
Exactly the reason why I left academia. Egos competing for space, money or talk-time to defend themselves not the progress of science.
Re: Experts from a world that no longer exists
#67Earlier quoted context omitted.
I went through grad school and I saw how change comes about one funeral at a time. A big shot professor that has made their name with their pet theory/work will fiercely defend it against competing ideas, and people will defer to their expertise. It's not scientific, it's egotistic. They are a wall against progress that gets removed upon death. These professors can also create a dogma through their students who also…
I can't help but wonder how much better our governments would operate if the median age of their workers were somewhat lower (IIRC that's around 45).
Re: Experts from a world that no longer exists
#68Earlier quoted context omitted.
I follow ZeroHedge, but this statistic isn't very helpful without knowing the number of false positives or incorrect timing.
At the risk of explaining the joke... "predicted 83 of the last 7 downturns" implies a false positive rate of at least 76 incorrect predictions for 7 correct ones. Of course, if they made 83 downturn predictions but didn't correctly predict the 7 that actually occurred, thee false positive rate could also be worse than that.
Re: Experts from a world that no longer exists
#69Something I've noticed in the pandemic: there's a pretty big gap between what people remember "the experts" saying vs what, if you listened to one or two qualified professionals and kept them straight, actually said. Individual experts—the good ones at least—seem to hold up pretty well even if they didn't see everything coming. It's the widespread sampling of chyrons and faces that inevitably says everything all of t…
Say, for example, a cancer researcher makes a statement like "Red wine contains compounds that might protect from some cancers" - not very interesting as news. So it gets magnified to "Red wine CURES cancer".
Next, another expert says "excessive use of alcohol can increases the risk of certain cancers". Of course the news converts this to "Alcohol causes cancer".
Finally, combine these two messages and people quite understanderbly conclude that cancer experts have no idea if alcohol causes or cures cancer.
Re: Experts from a world that no longer exists
#70There was an amusing example of this yesterday with The Economist saying, `The sharp increase in inflation over the past year has blindsided many economists. Almost no one saw it coming` https://twitter.com/TheEconomist/status/1461651190144503808