Earlier quoted context omitted.
The same could have been said about computers fifty years ago. No one used computer as part of their daily life when computers filled entire rooms. I'm glad Steve Jobs and Bill Gates didn't get into insurance.
50 years ago (well, 60-70), a computer was a person - it was a job description. In world war 2 and the decade after, there would be rooms full of young women (they were usually women, because men were off at war) with Marchant calculators computing artillery trajectories and breaking Nazi codes. The first computers were invented to automate this job description. They were not some big pie-in-the-sky research project,…
In what areas are the massive fortunes of the future going to be made?
91–100 of 102 posts
Re: In what areas are the massive fortunes of the future going to be made?
#92Earlier quoted context omitted.
lutusp has a bit of a bee in his bonnet about psychology and psychiatry. His approximate view is that if a field can't be held to the same evidentiary standards as experimental physics, it's not a science. Because the two fields are imperfect, they are therefore of course completely and entirely wrong. But fear not! fMRI will save us!
> Because the two fields are imperfect, they are therefore of course completely and entirely wrong. Wrong? No, just dangerous to children and some especially foolish adults. http://en.wikipedia.org/wiki/Rebecca_Riley http://en.wikipedia.org/wiki/Candace_Newmaker > His approximate view is that if a field can't be held to the same evidentiary standards as experimental physics, it's not a science. That's how any scienti…
Physicists have subject domain advantages that psychologists and psychiatrists do not. Quarks do not self-deceive. Atoms will submit to any torture. Photons behave weirdly, but every photon behaves identically to every other photon. Humans are an altogether trickier subject of study and so the full apparatus of science is not always applicable.
What a mature scientist does is say, "OK, let's accept the limits of our field and do the best we can". As better observational tools become available, I expect that psychologists and psychiatrists will change their theories to fit the evidence. They've already been doing that for a long time.
Re: In what areas are the massive fortunes of the future going to be made?
#93Earlier quoted context omitted.
> Because the two fields are imperfect, they are therefore of course completely and entirely wrong. Wrong? No, just dangerous to children and some especially foolish adults. http://en.wikipedia.org/wiki/Rebecca_Riley http://en.wikipedia.org/wiki/Candace_Newmaker > His approximate view is that if a field can't be held to the same evidentiary standards as experimental physics, it's not a science. That's how any scienti…
I understand that psychology and psychiatry are imperfect, that they have a checkered history, that observability is difficult, that falsification is often unavailable, that the subject of study is itself tremendously capable of introducing confounding factors and so on and so forth. This is all true. Physicists have subject domain advantages that psychologists and psychiatrists do not. Quarks do not self-deceive. At…
Yes, and the possibility of falsification is required for science. It's not a convenient option.
http://en.wikipedia.org/wiki/Scientific_theory
Quote: "The strength of a scientific theory is related to the diversity of phenomena it can explain, which is measured by its ability to make falsifiable predictions with respect to those phenomena."
No falsifiability, no scientific theories. No scientific theories, no science.
> What a mature scientist does is say, "OK, let's accept the limits of our field and do the best we can".
Yes, in science. Psychology is not a science. You do grasp, don't you, that there is a lower threshold below which it's misleading to call something science? This is why the director of the NIMH recently (and reluctantly) decided to drop support for the DSM.
It hasn't occurred to psychiatrists and psychologists yet, but when the NIMH dropped the DSM, it dropped them too. This fact may require 30 more years to sink in, in much the same way that the changing status of astrology did in Galileo's time. As serious as astrologers sometimes are, astronomy just works better.
These things take time.
> I expect that psychologists and psychiatrists will change their theories to fit the evidence.
1. Psychologists don't have theories, they have hypotheses. A scientific theory must be falsifiable.
2. I expect more fiascoes like Recovered Memory Therapy, in which science and evidence were held in contempt. So do many others.
Re: In what areas are the massive fortunes of the future going to be made?
#94Everyone connected and addressed via internet. Eventually everyone personally will have an internet "address" that would combine voice, email etc. when you fill out forms and apply for credit, etc that will be part of your personal identification as well as the primary way to contact you.
Self driving long-haul delivery trucks, probably be accepted quicker than personal cars. Still will be manned initially to handle problems and to dissuade looters, or drive in hard to navigate areas.
Re: In what areas are the massive fortunes of the future going to be made?
#95Earlier quoted context omitted.
I understand that psychology and psychiatry are imperfect, that they have a checkered history, that observability is difficult, that falsification is often unavailable, that the subject of study is itself tremendously capable of introducing confounding factors and so on and so forth. This is all true. Physicists have subject domain advantages that psychologists and psychiatrists do not. Quarks do not self-deceive. At…
> ... that falsification is often unavailable ... Yes, and the possibility of falsification is required for science. It's not a convenient option. http://en.wikipedia.org/wiki/Scientific_theory Quote: "The strength of a scientific theory is related to the diversity of phenomena it can explain, which is measured by its ability to make falsifiable predictions with respect to those phenomena ." No falsifiability, no sci…
According to Popper's definition. I don't recall him being appointed the universal lawmaker for science. I mostly recall that he created a definition and then insisted, as you do, that everyone accept it wholesale and hurl into the outer darkness anything that didn't fit his square hole.
You're also fond of trying to create false dichotomy between Science, immaculately conceived, ever perfect, and the process of systematically searching for truth to the limits of our ability to observe reality and compound evidence pro and contra which inevitably varies according to subject matter. For example, you pin your hopes to neuroimaging, apparently unaware that subject variability means that eventually that too will rely on (gasp!) large sample studies to produce (oh noes!) statistical results.
I presume that you hope by saying "it's not a science" over and over that people will instead decide that it is utter quackery, astrology, akin to crystal healing and chakra-cleansing. Because you never address, or even acknowledge, the median between strong sciences with experimentally-friendly linear problem domains and utter falsehood.
Your other favourite debating tactic is to select particular very serious failures, reintroduce them over and over, and then to implicitly generalise them to the entire field for all time. By this standard Galen condemns modern medicine and Ptolemy makes physics a joke. You talk about science, but you refuse to entertain the view that psychology and psychiatry change when the evidence becomes sufficiently resolved. You give only one test for what is a science and ignore all the others.
I don't know why you have singled out psychology and psychiatry for this treatment.
Re: In what areas are the massive fortunes of the future going to be made?
#96The world energy industry needs to be very substantially reworked otherwise there's a high chance that many (most) of us (or subsequent generations) will die.
There are massive fossil incumbents who will be displaced.
I'd say energy.
Re: In what areas are the massive fortunes of the future going to be made?
#97Earlier quoted context omitted.
> ... that falsification is often unavailable ... Yes, and the possibility of falsification is required for science. It's not a convenient option. http://en.wikipedia.org/wiki/Scientific_theory Quote: "The strength of a scientific theory is related to the diversity of phenomena it can explain, which is measured by its ability to make falsifiable predictions with respect to those phenomena ." No falsifiability, no sci…
> Yes, and the possibility of falsification is required for science. It's not a convenient option. According to Popper's definition. I don't recall him being appointed the universal lawmaker for science. I mostly recall that he created a definition and then insisted, as you do, that everyone accept it wholesale and hurl into the outer darkness anything that didn't fit his square hole. You're also fond of trying to cr…
> According to Popper's definition.
Karl Popper didn't invent falsifiability, he discovered it. But I see you have a very common belief that falsifiability is optional, and that things can be called science that don't have this essential property. So let's do a thought experiment in which falsifiable theories aren't required -- let's see where this takes us.
Let's say I'm a doctor and I've created a revolutionary cure for the common cold. My cure is to shake a dried gourd over the cold sufferer until he gets better. The cure might take a week, but it always works. My method is repeatable and perfectly reliable, and I've published my cure in a refereed scientific journal (there are now any number of phony refereed scientific journals). And, because (in this thought experiment) science can get along without defining theories, I'm under no obligation to try to explain my cure, or consider alternative explanations for my breakthrough — I only have to describe it, just like a psychologist.
Because I've cured the common cold, and because I've met all the requirements that psychology recognizes for science, I deserve a Nobel Prize. Yes or no?
Ask yourself what's wrong with this picture, and notice that the same thing is wrong with psychology — all description, no explanation, no established principles on which different psychologists agree, no effort to build consensus, and no unifying theories.
> You give only one test for what is a science and ignore all the others.
There is only one test. It's a matter of common sense, philosophy, and law. The definition I gave, and provided references for, is written into the law, for a number of reasons including people's desire to keep religion out of public school classrooms. The Discovery Institute, that hotbed of Creationism, make the same argument you're making -- science isn't strictly defined, it's all a matter of opinion, and Evolution is just a silly idea cooked up by some eggheads.
> I don't know why you have singled out psychology and psychiatry for this treatment.
Easily explained. Sociologists and astrologers aren't scientific, but they don't have clinics and they don't mislead parents and children, invent imaginary illnesses for them to have. Physicists are scientists, but they don't have clinics and they don't presume to treat your ills. Doctors have clinics, but they're reasonably scientific, and when they're not, they can be sued within an inch of their lives, sometimes even thrown in jail.
Psychiatrists and psychologists are in a class by themselves -- they masquerade as scientists, some ill-educated people think they're scientists, psychiatrists can dispense rather dangerous drugs, but neither they nor psychologists are remotely scientific. And best of all, they don't have to accept adult responsibilities.
Rebecca Riley was diagnosed with bipolar syndrome and ADHD at the age of two, with the encouragement of her parents, who were already making $30,000 per year from Social Security payments for their other children, diagnosed earlier with bogus mental illnesses and already a walking gold mine. But Rebecca was their finest moment, and that of her psychiatrist. Rebecca died at age four from the drugs her parents and psychiatrist encouraged her to take.
Her parents were convicted of murder. Her psychiatrist is still practicing. Sort it out for yourself.
Re: In what areas are the massive fortunes of the future going to be made?
#98Earlier quoted context omitted.
> Yes, and the possibility of falsification is required for science. It's not a convenient option. According to Popper's definition. I don't recall him being appointed the universal lawmaker for science. I mostly recall that he created a definition and then insisted, as you do, that everyone accept it wholesale and hurl into the outer darkness anything that didn't fit his square hole. You're also fond of trying to cr…
>> Yes, and the possibility of falsification is required for science. It's not a convenient option. > According to Popper's definition. Karl Popper didn't invent falsifiability, he discovered it. But I see you have a very common belief that falsifiability is optional, and that things can be called science that don't have this essential property. So let's do a thought experiment in which falsifiable theories aren't re…
And you're still overgeneralising bad cases onto a whole field. Ordinary doctors commit horrible crimes too. Ordinary doctors misdiagnose because of a pet theory and kill people. Ordinary doctors make simple errors and people die.
You are comparing strawmen to strawmen and unsurprisingly, the negative strawman comes out behind the positive strawman. Then you denounce the negative strawman. A scientist to the last.
Re: In what areas are the massive fortunes of the future going to be made?
#99Earlier quoted context omitted.
>> Yes, and the possibility of falsification is required for science. It's not a convenient option. > According to Popper's definition. Karl Popper didn't invent falsifiability, he discovered it. But I see you have a very common belief that falsifiability is optional, and that things can be called science that don't have this essential property. So let's do a thought experiment in which falsifiable theories aren't re…
You're still creating a strawman version of psychology which ignores that psychologists and psychiatrists regularly develop studies that disprove or weaken earlier theories (for example, recent research into trust as a confounding factor in the "cookie test" of delayed gratification). And you're still overgeneralising bad cases onto a whole field. Ordinary doctors commit horrible crimes too. Ordinary doctors misdiagn…
Psychology isn't melting down because of what's present, it's melting down because of what's absent -- reliable, unifying, testable, falsifiable principles. Each scientific field is defined by those principles that stand the test of time and evidence. Psychology doesn't have any of those. It's a movable feast that can't stop moving.
> And you're still overgeneralising bad cases onto a whole field.
No, actually, Thomas Insel, director of the NIMH, is doing that. His predecessor at the NIMH, Steve Hyman, is doing that. Allen Frances, editor of DSM-IV, is doing that. If what I say relied on strawman arguments, or if I were the only person saying them, I'm sure these very intelligent people, these leaders in the field, would refuse to say the same things and take the actions they've taken.
It's not every day that you see a field collapsing from the top down.
http://www.newyorker.com/online/blogs/elements/2013/05/the-s...
Quote: "The reification of the D.S.M. might not have been more than a philosophical problem, were it not for the fact that, at least in Hyman and Insel’s view, it was beginning to hamstring research. And, indeed, the D.S.M. has frustrated scientists, who note that the most common symptoms of mental disorder—sadness and worry, for instance, or delusions and hallucinations—appear as criteria for many different diagnoses; that many patients can be diagnosed with more than one disorder; and that the few solid findings about mental illness that have emerged from genetic and neuroscience studies indicate that the D.S.M’s categories simply don’t correspond to biological reality."
Wow. Look at all those straw men.
Re: In what areas are the massive fortunes of the future going to be made?
#100Read Asimov. It's all there. It comes down to space travel. Presumably, the ultimate propulsion will be nuclear-boiled water ejected out of a nozzle as steam. I suppose you could do something similar with other low molecular weight (stable bonds), low atomic weight (plentiful in post-stellar debris) fluids, but water's on a sweet spot in terms of caloric density. Hydrocarbons would probably be good, so I suppose you…
How many people thought the sound barrier couldn't be broken?