Saturday, June 6, 2015

Instrumental vs Epistemic Rationality and Depressive Realism

An unintentional koan for rationalists from Razib Khan, in a post comparing the paths (so far) of European and Chinese economic development:

"What drives growth? Innovation. How do we get innovation? By investing in crazy projects whose payoffs we can't calculate rationally and whose outcomes are not foreseeable."

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