Showing posts with label uncertainty. Show all posts
Showing posts with label uncertainty. Show all posts

Saturday, February 27, 2021

According to Keynes

Uncertainty about the future—not irrationality or stupidity—makes crowds prone to calamity in both finance and politics, particularly under conditions of significant anxiety. Markets are no more self-correcting than a mob hailing a demagogue.


Zachary D.Carter in The Price of Peace

Thursday, April 09, 2020

More Life During COVID-19

It troubles men as much that they may possibly suffer, as if they really did suffer. (Parem passis tristitiam facit, pati posse.)

Seneca, as quoted by Montaigne

Thursday, February 06, 2020

Though all that has arrived, by report, of our knowledge of times past should be true, and known by some one person, it would be less than nothing in comparison of what is unknown. And of this same image of the world, which glides away whilst we live upon it, how wretched and limited is the knowledge of the most curious; not only of particular events, which fortune often renders exemplary and of great concern, but of the state of great governments and nations, a hundred more escape us than ever come to our knowledge.

Montaigne

Thursday, July 12, 2018

He admitted the possibility of a central intelligent cause, while being unable to identify that cause, or understand why its designs should be brought to fulfillment in such roundabout and often terrible ways.

Julian Barnes, Arthur & George




Tuesday, July 25, 2017

The real benefit of complex inferences like weighing uncertainty may not be apparent unless the uncertainty has complex structure.

Quoted in Science News, "There’s a long way to go in understanding the brain," 7/25/2017)