Articles of Interest
- References the Gell-Mann Amnesia effect to understand why we ascribe wisdom to tweets from people that we know to be wrong in numerous of their other tweets.
In this sense, every tweet is an option with asymmetric returns. If you’re right, you cash out; if you’re wrong, everyone forgets and you lose nothing. The incentive is to ramp up variance, make bold claims in a variety of areas, and hope you’re right some of the time.