Re: Economics of crazy ideas message dated "Thu, 20 Jul 2000 21:25:31 -0400."

2000-07-20 Thread Sourav K. Mandal
"Pierre Lemieux <[EMAIL PROTECTED]>" wrote: > For example, why do libertarians look more or > less crazy in public discourse, and are often absent from public debates, > while PETA (People for the Ethical Treatment of Animals) runs half a doze > websites (including cowsarecool.com) and wage cam

Economics of crazy ideas

2000-07-20 Thread Pierre Lemieux
Why do people have crazy opinions? What are the social consequences of crazy opinions? More importantly, How are promising ideas selected among crazy and non-crazy opinions?  What makes an opinion sound crazy, and another one look serious? For example, why do libertarians look more or less crazy in

Re: Extremists due to strong priors? (Out of Country)

2000-07-20 Thread Shireen Pasha
I will be out of the country between July 21st and August 20th. Shireen Pasha

Re: Extremists due to strong priors?

2000-07-20 Thread Alex Tabarrok
Robin writes (in reference to my model explaining extremeness and firmness) "A problem with this model is that if all these people are getting signals about the same thing, their signals should be correlated. The people who become more confident and move from the initial consensus positi

Re: Extremists due to strong priors?

2000-07-20 Thread William Sullivan
At 02:46 PM 7/20/00 -0400, Robin Hanson wrote: >Another problem is that people have to be unaware of other people's positions, >otherwise they could update on that and then should all end up at the same >place. I'm not clear why they'd have to be ignorant of other people's positions. It seems tha

Re: Extremists due to strong priors?

2000-07-20 Thread Robin Hanson
Alexander Tabarrok wrote: >Consider the following model. If you are ignorant it's reasonable to adopt >what you perceive as the consensus view but unreasonable to hold that view >firmly ... If you investigate the issue (you receive a series of signals) >it may turn out that the consensus view app

Re: Extremists due to strong priors?

2000-07-20 Thread Alex Tabarrok
Consider the following model. If you are ignorant it's reasonable to adopt what you perceive as the consensus view but unreasonable to hold that view firmly since you haven't investigated the issue in any depth. If you investigate the issue (you receive a series of signals) it ma

Re: Extremists due to strong priors?

2000-07-20 Thread Robin Hanson
Fred Foldvary wrote: > > It seems you posit that people who reason will be inflexible, and those > > who don't will be flexible and go with the crowd, which won't happen to > > be where reason would lead. But under this theory, how do you explain that > > the people on the *other* side from you o

Re: Extremists due to strong priors?

2000-07-20 Thread Fred Foldvary
On Wed, 19 Jul 2000, Robin Hanson wrote: > It seems you posit that people who reason will be inflexible, and those > who don't will be flexible and go with the crowd, which won't happen to > be where reason would lead. But under this theory, how do you explain that > the people on the *other* si

Re: Extremists due to strong priors?

2000-07-20 Thread Edward Dodson
Ed Dodson responding... Robin Hanson wrote: > Ed Dodson wrote: > >I admit to being extreme only in my defense of objectively-derived > >principle. ...extreme in belief or action without objectivity ... > >most inflexibile ... are those who are so far beyond objectivity > >as never to be confused