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Epistulae Ciceronis
A Perfectly Squiffy Jag

Castrated Men and Uptight Women.

20.10.08 Monday
01:27 pm - Castrated Men and Uptight Women. Previous Entry Share Next Entry

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herbaliser [20.10.08::11:45]
human beings are elaborate biological pattern-perceiving machines.
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rrhexis [20.10.08::11:55]
It's in our DNA to look for patterns (as it is with almost all species). I agree with that. Most species don't have the same cerebrocortical wattage humans do and that's what makes humans fall into more traps/make more mistakes i.e. we take it, too far.
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tyrven [21.10.08::12:22]
Agreed. This is my problem with ideologists. They take a model and overextend its applications. It's the same idea as taking a metaphor too far. That said, I don't believe there is anything intrinsically wrong with patterns; the problem is in how we choose to apply them. (E.g., turning stereotypes into prejudices).

This all seems a bit obvious, though.
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rrhexis [21.10.08::12:40]
My problem with Wall Street. It can't be that obvious.
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tyrven [21.10.08::01:03]
Yes, precisely. The problem with Wall Street is that the models started failing at some point, but the people implementing them didn't understand them well enough to realize why and, therefore, dismissed the results. They just kept blindly doing the same thing, convinced that the data must be wrong. This is a classic instance of Emerson's observation that "a foolish consistency is the hobgoblin of little minds". The models were fantastic for a long time, but the fundamental assumptions and behaviors changed and the model failed to account for that. It's a huge error in application.
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