Trying and struggling to understand this perspective. I’ve watched longer talks by Shiffrin and still don’t get it. https://featuredcontent.psychonomic.org/complexity-of-science-v-psprereg/ …pic.twitter.com/XAADkgdIg0
• goth gremlin • computational cognitive/neuroscience modeling • geek & techish Cypriot • plant aficionada • came up with #bropenscience • http://neuroplausible.com •
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Trying and struggling to understand this perspective. I’ve watched longer talks by Shiffrin and still don’t get it. https://featuredcontent.psychonomic.org/complexity-of-science-v-psprereg/ …pic.twitter.com/XAADkgdIg0
what the hell? "it's fine to lie because everyone knows that people lie" WOW.
What you're calling a "lie" is in market structure terms a unique new product which, for a limited time, has a downward sloping demand curve due to delayed debunking. Honest reporting would eliminate rents in the market for ideas & thus undermine incentive for disovery.
I’m glad you wrote lol because I couldn’t tell if that was sincere (econ humor is hard to understand sometimes
)
oh i dunno if he was joking but i loled either way
You're probably familiar with the argument that insider trading is efficiency-enhancing because it leads all knowledge to be reflected in market prices of stocks. This follows same principle, but with trade in dubious statistical artefacts instead of knowledge. And you scoff?
I'm so confused. Where did Rich say that it's OK to lie or OK to do something akin to lying?
The whole passage excerpted by @siminevazire at the start of the thread.
I don't see it that way at all.
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