How Physicians Were Once Like Today's Economists

The moral game of blame attribution is only one subtype of misattribution arbitrage. For example, epidemiologists estimate that it was not until 1905 that you were better off going to a physician. (Ignaz Semelweiss noticed that doctors doubled the mortality rate of mothers at delivery.) The role of the physician predated its rational function for thousands of years, so why were there physicians? Economists, forecasters, and professional portfolio managers typically do no better than chance, yet command immense salaries for their services.


John Tooby describes a past when you were more likely to die from seeing a physician and likens it to economics and other forecasters who do no better than chance.

Folksonomies: history economics medical science academic rigour

/business and industrial (0.227992)
/health and fitness/sports medicine (0.223546)
/health and fitness/disease (0.219918)

Economists John Tooby (0.988408 (negative:-0.765782)), command immense salaries (0.863212 (neutral:0.000000)), professional portfolio managers (0.781979 (neutral:0.000000)), misattribution arbitrage (0.728866 (negative:-0.666068)), blame attribution (0.693879 (negative:-0.666068)), Ignaz Semelweiss (0.651843 (neutral:0.000000)), mortality rate (0.645428 (neutral:0.000000)), moral game (0.641686 (negative:-0.666068)), rational function (0.623387 (neutral:0.000000)), forecasters (0.603071 (negative:-0.765782)), chance (0.528584 (negative:-0.765782)), physician (0.500085 (negative:-0.470224)), subtype (0.491989 (negative:-0.666068)), epidemiologists (0.490335 (positive:0.295559)), physicians (0.468565 (negative:-0.624933)), mothers (0.451840 (neutral:0.000000)), example (0.447529 (neutral:0.000000)), doctors (0.444428 (neutral:0.000000)), thousands (0.441622 (neutral:0.000000)), past (0.440080 (negative:-0.765782)), economics (0.439562 (negative:-0.765782)), delivery (0.433981 (neutral:0.000000))

John Tooby:Person (0.998575 (negative:-0.765782)), mortality rate:FieldTerminology (0.843050 (neutral:0.000000)), Ignaz Semelweiss:Person (0.840521 (neutral:0.000000))

Physician (0.949688): dbpedia | freebase
Social sciences (0.943492): dbpedia | opencyc
Rational function (0.830119): dbpedia | freebase | yago
Mathematics (0.799539): dbpedia | freebase | opencyc
Function (0.778731): dbpedia | freebase | yago
Epidemiology (0.728342): dbpedia | freebase | opencyc
Profession (0.698451): dbpedia | freebase
Meromorphic function (0.659438): dbpedia | freebase | yago

 This Will Make You Smarter
Books, Brochures, and Chapters>Book:  Brockman , John (2012-02-14), This Will Make You Smarter, HarperCollins, Retrieved on 2013-12-19
  • Source Material []
  • Folksonomies: science


    27 DEC 2013

     Economics is Not Science

    It is more akin to alchemy and witchcraft, lacking in scientific rigour.
    Folksonomies: science scientific method
    Folksonomies: science scientific method