This article, and some of the comments here, seem to confuse "second-order" with "long-term". Long-term just means doing the same analysis far out into the future: "If I spend less on maintaining software product $LEGACY, I will save money. If I continue to do this, I will save more and more money by each passing month." Second-order means discovering neighbouring causal links. "If I spend less on maintaining softwar…
I am not particularily familiar with the connotation of the term second-order-thinking , but to me it implies the somewhat mathematical meaning of it. The first order might be some value (e.g. a voltage) and the second order might be the rate with which that voltage changes and the third the rate with which this rate changes etc. To me this implies that thinking on a higher order is somewhat about stepping back and v…
Second-Order Thinking
201–210 of 266 posts
Re: Second-Order Thinking
#202It touches on systems, modeling, nonlinearilites, etc.
I saw someone suggest another book on economics. Are there any other books people recommend for systems and multi-order thinking?
Re: Second-Order Thinking
#203A great book, if you're interested in complex systems and feedback loops is Thinking in Systems by Donella Meadows. https://www.goodreads.com/book/show/3828902-thinking-in-syst...
Re: Second-Order Thinking
#204Re: Second-Order Thinking
#205Earlier quoted context omitted.
Aren't totally meaningless graphs the best though? ;) You're just bitter because you're already fourth order thinking... you assessed the whole thing as a dumbass waste of time. Also, never show people graphs when /ok, never mind
especially when the graph has a slope so you can calculate the derivative as an example of 2nd order thinking.
Re: Second-Order Thinking
#206Applied Economics: Thinking Beyond Stage One by economist Thomas Sowell[0] explores this in good detail, applying it to political and economic policies, in his book. Housing policies, medicare and today's problem of defund the police can be better analysed if the framework of second-order thinking is used to view the pros and cons of such policies and their subsequent ramifications. Second-order thinking is a great m…
Ironically, a lot of economics sound-bites are all about ignoring first order effects in favor of questionable second order effects. I'm mostly thinking here about deficit spending discussions, where it's popular to inject worry about second-order effects creating a drag on the economy, e.g., crowding out. Meanwhile, it completely ignores the fact that the first-order effects are almost always all positive for the ec…
Given that, I totally agree with you on the sentiment.
Re: Second-Order Thinking
#207Earlier quoted context omitted.
I am not particularily familiar with the connotation of the term second-order-thinking , but to me it implies the somewhat mathematical meaning of it. The first order might be some value (e.g. a voltage) and the second order might be the rate with which that voltage changes and the third the rate with which this rate changes etc. To me this implies that thinking on a higher order is somewhat about stepping back and v…
It's simply about looking further down up the casual chain, not stopping at the initial cause-effect: thinking about the effects of effect themselves (and, in third order, the effects of the effects of the effects, and so on). A simple example of failing to do so and only considering the first level cause-effect: "The British government, concerned about the number of venomous cobras in Delhi, offered a bounty for eve…
Re: Second-Order Thinking
#208Earlier quoted context omitted.
I think it roughly amounts to “thinking through the implications of the implications”.
I think that's 3rd order, actually. Why does this remind me of Abbot and Costello? https://youtu.be/sShMA85pv8M?t=64
"If y, then z" is second-order reasoning.
Re: Second-Order Thinking
#209Earlier quoted context omitted.
It is long term thinking. But long term thinking is not necessarily 2nd order thinking. It's basically good long term thinking, where you don't just come up with a plan that addresses a problem, but you also enumerate all the secondary effects, and the effects of those effects, etc. Any good long term thinking would do that, but it's not always clear if people really have thought it through. If someone says ban ICE v…
It is but it isn't? Followed by some banter about illegals. This comment in it's blind ignorance is a godsent gift to people of a leftwing political bias...
edit: oh you mean you don't understand how something can be a superset of something else without being the same set. So I'm saying there's long term thinking with 2nd order thinking, and there's long term thinking without 2nd order thinking.
Re: Second-Order Thinking
#210This article, and some of the comments here, seem to confuse "second-order" with "long-term". Long-term just means doing the same analysis far out into the future: "If I spend less on maintaining software product $LEGACY, I will save money. If I continue to do this, I will save more and more money by each passing month." Second-order means discovering neighbouring causal links. "If I spend less on maintaining softwar…
I am not particularily familiar with the connotation of the term second-order-thinking , but to me it implies the somewhat mathematical meaning of it. The first order might be some value (e.g. a voltage) and the second order might be the rate with which that voltage changes and the third the rate with which this rate changes etc. To me this implies that thinking on a higher order is somewhat about stepping back and v…