"This kind of thinking failed because that focus did not soothe, but inflamed us, as the more we thought about ourselves, the more we thought about how others had wronged us."pic.twitter.com/vrWwKkMcKf
Show this thread
-
"It is difficult for people to improvise solutions to their problems, as failure cascades through a complex system. In such a scenario, the first response is to freeze, as rats will freeze initially when moved to a new cage, because all their current environment is unmapped"
Show this thread
"Using the Peterson theory, when something sufficiently anomalous happens, investors see chaos because it portends a major epistemic flaw in their maps. Thus, it is best to wait and see where their maps are wrong before investing more."
-
-
"They saw chaos and turtled in, froze like rats in a new cage, and investment declined across the board, which is the essence of a recession. When bad information arises, this causes all investors to put less weight on their Bayesian prior about the future"
Show this thread -
Summary: keep your eyes open and your maps updated. allocate buffer for unavoidable catastrophic events where you have to sit there like an idiot while you remake a meaningful reality for yourself.
Show this thread
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.