Archive for May 31st, 2012
15 Miss USA contestants demonstrate that they don’t know enough to know that they don’t know enough. In other words, these beautiful contestants are beautifully demonstrating the Dunning-Kruger cognitive effect:
The proper answer from each of these contestants should have been “I can’t answer that question, because I don’t understand the scientific theory of evolution. Maybe I should go read a few good books, on evolution. Then I’ll let you know whether I am competent to answer that question.” To answer like this, though, is not the American way. When you are prepared with make-up and the cameras come on, you tend to wing it in such a way to please the majority of your audience. This is what beauty contestants and politicians have in common.
Matt Taibbi of Rolling Stone sharply questions the integrity of the stock market:
Virtually every week now we see stories like this that hint at a kind of two-tiered market system – in which most of the real action takes place inside an unregulated black-box network of connected insiders who don’t disclose their relationships or their interests, while everyone else, i.e. the regular suckers, live in the more tightly-policed world of prospectuses and quarterly reporting and so on. . . . Sooner or later, people are going to clue into the fact that one or two big banks, acting in concert with a choice assortment of unscrupulous “preferred investors,” can at least temporarily prop up or topple just about anything they want, from Greece to Bear Stearns to Lehman Brothers.
How much money will be opposing Barack Obama? Tim Dickinson of Rolling Stone puts it into perspective:
“Koch brothers alone are planning to spend more $$ than McCain’s entire 2008 presidential budget.”