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A batch of the best highlights from what Quinn's read, .
The danger, and you see it often in investing, is when people become too McNamara-like – so obsessed with data and so confident in their models that they leave no room for error or surprise. No room for things to be crazy, dumb, unexplainable, and to remain that way for a long time. Always asking, “Why is this happening?” and expecting there to be a rational answer. Or worse, always mistaking what happened for what you think should have happened.
The ones who thrive long term are those who understand the real world is a neverending chain of absurdity, confusions, messy relationships, and imperfect people.
Does Not Compute
collabfund.com
The Expert Identification Problem and the Challenges of Democratic Decision-Making
Key takeaways:
• The expert identification problem is a major concern when it comes to trusting experts in a democracy.
• Democracies aim to harness the intellectual power of diversity for better solutions.
• The challenge lies in recognizing the best solutions when they require expertise that the democratic entity may not possess.
• There is no clear solution to this problem, and democracy remains the best way to organize society according to the speaker.
Transcript:
Speaker 2
So for a long time I would say that the problem I've been most obsessed with is something I call the expert identification problem it's like how does the non-expert figure out which expert To trust if they don't have the expertise and one of the worries about a democracy is that it runs straight into the expert identification problem right like if we're democratically Voting on what to do we are aggregate non-experts I mean I'm not talking here about like oh we are the experts and you all are not even if you are the world expert in X you're a non-expert In a million other fields right so as an aggregate we are non-expert so here's the real worry for me if you have the right solution how would that get democratically approved Helen Landemore Is this a political theorist I really like she's part of a movement who are epistemic democrats and they think that democracies are the best way to harness the intellectual power of Diversity and the basic model is something like diverse people will come up with a better set of solutions and when you put them together the best solutions will rise to the top and my Worry is how will the democratic entity recognize which are the best solutions because if the best solution requires expertise to recognize and the democratic entity as an aggregate Is not an expert how will they figure it out and that's a problem I'm not sure there's a solution to and I also can't think of a better way to organize the world than democratically
Paul Smaldino & C. Thi Nguyen on Problems With Value Metrics & Governance at Scale
COMPLEXITY: Physics of Life
the depth of social problems is largely derived from the “stickiness” of power. Power is the ultimate positive feedback loop: simply put, people in positions of power use their positions of privilege to stay there.
The Systems Work of Social Change
Cynthia Rayner and François Bonnici
...catch up on these, and many more highlights
Readwise