Monthly Archives: July 2014

SOME BS DETECTION – I feel compelled to debunk a deceitful “experiment” (actually a total scam)

SOME BS DETECTION – I feel compelled to debunk a deceitful “experiment” (actually a total scam) because many many of my friends fell for it. The experiment illustrates the ludic fallacy (that is, a reduction of real life to an oversimplified, domain-dependent experiment giving results often opposite to reality).
-We are shown identical twins, one chewing gum, the other completely idle (or trying to be so). We are told that the majority of people imparts positive qualities to the one who is chewing gum … and that the experiment was done with a “large n” of twins. But these results come from the fact that he is animated while the other one is frozen, nothing to do with gum –and the fact that someone standing still in front of a camera looks devoid of human qualities.
-Note that the chewing gum industry is financing the “experiment”.
-To make the experiment “real” or “ecological”, you need to film the twins in real life doing real things, only one of the two chewing gum.
– GENERALIZING: In a nutshell, although this is not a real experiment, it shows in a carricatual way why many academic papers in social science are BS in spite of looking like a “controlled experiment”.

https://www.youtube.com/watch?v=OVsD8Pm0gBI

Beldent chewing gum commissioned this social experiment which is now going viral. At the Museum of Contemporary Art of Buenos Aires, a slew of twins were pla…

 

via SOME BS DETECTION – I feel compelled to debunk a… – Nassim Nicholas Taleb.

Five Good Candidates to Succeed Jamie Dimon | Gawker

Jamie Dimon, the bulletproof head of JPMorgan Chase, has throat cancer. Though his prognosis is good, speculation about who will succeed him is already rampant. Allow us to offer some ideas for successors who are not “just another banker in a suit.”

Nassim Nicholas Taleb: The former options trader, professor, and author of The Black Swan and Fooled by Randomness has made a career out of explaining the nature of risks (particularly within the financial system) and how to protect against them. He’s argued for eliminating bonuses on Wall Street, and called Wall Street banks “a compensation scheme and nothing else.” Just the man to rally the JPMorgan troops.

via Five Good Candidates to Succeed Jamie Dimon.