“You can tell if a discipline is BS if the degree depends severely on the prestige of the school granting it. I remember when I applied to MBA programs being told that anything outside the top ten or twenty would be a waste of time. On the other hand a degree in mathematics is much less dependent on the school (conditional on being above a certain level, so the heuristic would apply to the difference between top ten and top two thousand schools). The same applies to research papers. In math and physics, a result posted on the repository site arXiv (with a minimum hurdle) is fine. In low-quality fields like academic finance (where papers are usually some form of complicated storytelling), the “prestige” of the journal is the sole criterion.”
― Skin in the Game: Hidden Asymmetries in Daily Life
― Skin in the Game: Hidden Asymmetries in Daily Life
“A saying by the brothers Geoff and Vince Graham summarizes the ludicrousness of scale-free political universalism. I am, at the Fed level, libertarian; at the state level, Republican; at the local level, Democrat; and at the family and friends level, a socialist.”
― Skin in the Game: Hidden Asymmetries in Daily Life
― Skin in the Game: Hidden Asymmetries in Daily Life
“The curse of modernity is that we are increasingly populated by a class of people who are better at explaining than understanding, or better at explaining than doing.”
― Skin in the Game: Hidden Asymmetries in Daily Life
― Skin in the Game: Hidden Asymmetries in Daily Life
Tihomir’s 2024 Year in Books
Take a look at Tihomir’s Year in Books, including some fun facts about their reading.
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