Embracing Uncertainty
Michael discusses the pitfalls of overconfidence in expertise, especially in the wake of the financial crisis and the pandemic. He emphasizes the importance of acknowledging our imperfect understanding and advocates for a mindset of epistemic humility. The conversation highlights the need for self-criticism and the dangers of betting everything on certainty, as many who have done so have faced significant losses.In this clip
From this podcast
EconTalk
Michael Blastland on the Hidden Half
Related Questions
Can we learn from the pandemic response as discussed in the episode Stephen Wolfram: Fundamental Theory of Physics, Life, and the Universe | Lex Fridman Podcast #124 and the clip Limits of Science?
Is being open to being wrong important in the episode 482: Adam Grant | The Power of Knowing What You Don't Know and the clip The Power of Rethinking?