If majority of academics vote Democrat, it is not random: they 1) don't have skin in the game, (others take risks for them) 2) are not productive members of society but want to lecture others on what to do 3) have steady income etc.https://twitter.com/paulkrugman/status/934863186494459904 …
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Academics, when they leave academia become at best back-office support staff, not decision-makers. Not like the grocery store owner who owns his own risk.
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Footnote: Lektchuring Birds How to Fly in Antifragile discusses the myth that science -> technology, rather than reverse.
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Note that neither medicine nor engineering are academia-driven pursuits, rather practice and apprenticeship-based.
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In other words Krugman falls for the mistake: "For academics there is no difference between academia and the real world. In the real world there is".pic.twitter.com/BYujVSb0Nu
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The odds of an academic “researcher” producing anything eventually used by society is of the order of .00001%. That includes scientists. The odds for a baker: 100%
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Errata: Meant 1 in 100,000. Also note that the net contribution of economics/finance is negative.
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This is the discussion in Antifragile about "academic" discoveries that were in fact made by practitioners.pic.twitter.com/xiLZdPOkzi
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Replying to @nntaleb
Strange how the "luck' in medicine almost always seems to strike medical researchers in universities or research institutes - Penicillin, polio vaccine, anti-HIV drugs, most cancer treatments, all built on academic research. Can't think of single counter-example in last century
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Viagra?
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Rogaine, Viagra, and Propecia were all developed by companies, not by researchers or scientists at Universities.
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