Not necessarily. What if the knowledge that the bias isn't true isn't yet known to anyone in the VC culture?
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Replying to @DavidDeutschOxf @webdevMason
In academic fields, it is disturbingly common for entire fields to be in thrall to a misconception, to their detriment, for decades.
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Replying to @DavidDeutschOxf
Right, but... a weakness of academia is that too often ideas aren’t expected to pay their own rent Shots fired
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Replying to @webdevMason @DavidDeutschOxf
I suspect this varies a lot by field? But you shouldn’t expect bad ideas to last long under conditions where the more that rests on them, the greater the *literal* bounty on a correction. And you should expect them to live long where there’s no bounty, only a guillotine
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Replying to @webdevMason @DavidDeutschOxf
As much as I enjoy academia bashing, there are bounties there too. They might not take the form of cash but there are people who'd work tirelessly to be recognised for correcting a particular misconception. And there are other bounties too.
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Replying to @MatjazLeonardis @DavidDeutschOxf
I agree, but I think (a) they don’t operate as efficiently as a literal market, which is what VC is, and (b) they vary widely by field, which essentially accounts for what we call “rigor” (less confident on that point)
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Replying to @webdevMason @DavidDeutschOxf
I don't think rigour is the most important - it's caring about what the truth is that matters. If a community cares about that then people can advance in it by devoting their efforts to that. If instead a community cares about something else things tend to degenerate.
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Replying to @MatjazLeonardis @DavidDeutschOxf
"If a community cares about that then people can advance in it by devoting their efforts to that." → But that community still needs to know what genuine truth-seeking looks like, which is easier when there is some actual gold to mine...you either come home with gold, or not.
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(For me, this manifests as a strong felt difference between e.g. "he was a great scientist, whose genius was only recognized after his death" and "he was a great businessman, whose genius was only recognized after his death.")
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Replying to @webdevMason @DavidDeutschOxf
I really like this comparison but wouldn't it be more accurate to compare such a scientist with a businessman who builds a company that makes no profits during his lifetime but then after his death becomes massively profitable and lasts for generations?
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The question is: it just a coincidence that this scenario occurs infrequently enough to seem very weird, or does it suggest something about the nature of business?
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Replying to @webdevMason @DavidDeutschOxf
I don't think this scenario is that weird - lots of companies lose money before they make money. Some do this for decades. And while they do so they often have lots of detractors. So money-in-business and recognition-in-science are quite analogous.
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I do think there is *something* about the nature of business that makes the culture that surrounds it a lot better than that of science/academia. I just don't think money is that thing.
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