Level Two Chaos

Level two chaos is chaos that reacts to predictions about it, and therefore can never be predicted accurately. Markets, for example, are a level two chaotic system. What will happen if we develop a computer program that forecasts with 100 per cent accuracy the price of oil tomorrow? The price of oil will immediately react to the forecast, which would consequently fail to materialise. If the current price of oil is $90 a barrel, and the infallible computer program predicts that tomorrow it wil...

 There is Too Much Art to Consume It All

So I have a counterclaim that exists today - Deviantart. Why can't everyone be an artist? Because you can only consume so much art. I have a page group that is currently ~45 pages of artists on that website whose galleries I need to review and potentially watch. They total up to around 15k works of art, and that pool just grows, I can never get it under wraps, because it would take me probably a full workweek just to get through half of that. On that, I'm already following nearly one thousa...

 People With High Cognition Want More

First, it seems to me (based on anecdotal evidence and personal observations) that people who are already endowed with above-average cognitive capacities are at least as eager, and, from what I can tell, actually more eager, to obtain further improvements in these capacities than are people who are less talented in these regards. For instance, someone who is musically gifted is likely to spend more time and effort trying to further develop her musical capacities than is somebody who lacks a m...

 Value is Based on Utility, Not Price

The determination of the value of an item must not be based on its price, but rather on the utility it yields. The price of the item is dependent only on the thing itself and is equal for everyone; the utility, however, is dependent on the particular circumstances of the person making the estimate. Thus there is no doubt that a gain of one thousand ducats is more significant to a pauper than to a rich man though both gain the same amount.