The Cultural Problems with Academia

Like any good bubble, this belief– while rooted in truth– gets pushed to unhealthy levels. Thiel talks about consumption masquerading as investment during the housing bubble, as people would take out speculative interest-only loans to get a bigger house with a pool and tell themselves they were being frugal and saving for retirement. Similarly, the idea that attending Harvard is all about learning? Yeah. No one pays a quarter of a million dollars just to read Chaucer. The implicit promise...

 Confirmation Bias

Numerous studies have demonstrated that people generally give an excessive amount of value to confirmatory information, that is, to positive or supportive data. The "most likely reason for the excessive influence of confirmatory information is that it is easier to deal with cognitively" (Gilovich 1993). It is much easier to see how a piece of data supports a position than it is to see how it might count against the position. Consider a typical ESP experiment or a seemingly clairvoyant dream: ...

 Spaceship Earth Didn't Come with Instructions

One of the interesting things to me about our spaceship is that it is a mechanical vehicle, just as is an automobile. If you own an automobile, you realize that you must put oil and gas into it, and you must put water in the radiator and take care of the car as a whole. You begin to develop quite a little thermodynamic sense. You know that you're either going to have to keep the machine in good order or it's going to be in trouble and fail to function. We have not been seeing our Spaceship Ea...