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John Alcorn's avatar

Re: "while the financial crisis is happening, you go down the hall and start talking to your economist colleague, and then you realize the economist colleague doesn’t actually know what a credit default swap is, but at the same time is giving you some long spiel about what’s happening in the economy."—Steven Hsu

Academics spend much of their time with students, who know little, and who tend to assent, at least outwardly, to a professor's pronouncements. It's unlikely that students provide a check on a professor's competence.

Academics also spend much of their time with peers, comparing research. Peer review is their 'market test;' but external, real-world tests rarely happen outside STEM. There is substantial risk that sound epistemic norms yield to peer conformity -- a mutual validation society.

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John Alcorn's avatar

Re: Hsu's elitist thoughts.

Compare Richard Hanania's alternative to elitism in his latest SubStack essay, "How to Think about the 'Current Thing'":

"One thing I find odd about the anti-SJW crowd, say your median contributor to Quillette, is that they seem to believe that IQ is real and important and also that normal people with average IQs can be expected to think for themselves and reach reasoned conclusions about economics, geopolitics, and epidemiology. But the truth is you’re not going to be able to teach 'critical thinking' in schools, so you might as well decide in which direction you want people to be sheep.

[... ] you often have to choose between movements that are pro-current thing ('trust the experts') and the aforementioned knee-jerk contrarianism that is unhealthy in an intellectual but in practice can make for relatively sound policy.

[...] Of course, I advise you to think for yourself, seek out objective evidence, and proceed with intellectual humility. But if you’re going to be involved in politics at any level – from voting to campaigning or running for office – we all have to choose what movements, political parties, and programs to support. We also have to decide which priors we should start with when consuming new information and incorporating it into our worldview. As far as heuristics go, 'oppose the current thing' is probably pretty good as long as it’s not the only one you’re using."

https://richardhanania.substack.com/p/how-to-think-about-the-current-thing?s=r

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