stargeek
PHP news website logo.
home    PHP scripts    articles    seo tools    links    search    contact    shop    realtors


Rational ignorance







Rational ignorance

Rational ignorance 02/10/2004 02:51 AM

Lago
Rational Ignorance

Academic life is ruining the internet for me. An example: Today I read Joi Ito’s wandering entry on money, economics, and physics, and the first thing I thought of doing was to post a bibliography of all of the reading that should have been done before that post was made. And then I realized that posting such a bibliography is the equivalent of shouting at the television. It doesn’t matter what I say about it. The TV (and the internet) can’t really hear me.

Lago reacts to an interesting point that I in fact pondered yesterday before posting my thoughts from my lunch with Seth. Is it better for me to post my superficial musings with Seth in the one hour that I had before I needed to move on to the next thing, or do I scribble them in my notebook and write a more rigorous treatment with references. I decided, as Cory often says, that my blog is my notebook and that even though many of my thoughts were half-baked, it was better to write early/write often than to back burner the thoughts and probably never get around to posting them.

If you read on in Lago's post, he does raise a very interesting way to look at the trade-offs of shallow vs rigorous. What is the cost of rigor and is it worth it?

I am not an academic. I am an extremely busy businessman who happens be lucky enough to meet quite a few smart people from a variety of fields. As one good friend has told me, my primary purpose is to connect people. It probably adds more value to society for me to spend one hour getting two people excited enough to talk to each other than to sit and ponder a notion by myself. My blog is not a rigorous treatment of the topics that I'm interested in, but rather a collection of links, questions, thoughts and points of view. A great variety of people read this blog and I'm sure that just about any professional thinker in on any topic I write about will find my treatment of the topic rather superficial. The question is to me is whether this is valuable or whether my lack of rigor could actually be a disservice to the discourse.

Getting back to my last post... I actually did think about spending the weekend dragging out my old notes from Hayek, Coase, Arrow, Chandler, Shannon, Mauss, Simon, etc. and digging into my memory and trying to tie all of this together. Instead, I posted a my rambling thoughts because I knew I'd never do it if I put it off. Also, I realize that I will never be able to compete directly with full-time academic and that it is not my position to answer these questions in a rigorous way. I suppose that if I can end up getting Seth, an economist and a rabbi to sit down and chat about world views over dinner at some point, I will have served my purpose.

I don't want to ignite a academic vs non-academic flame-war here. I'm just trying to point out, as Lago does, that we are all making decisions about how much to study in order for us to make the right decisions. I don't have the time or the ability to do "all of the reading that should have been done before that post was made." Having said that, I would encourage people to post "a bibliography of all of the reading" since I am interested and so are many other people.




This is a GrokNews Entry: (what is grok?)





Similar Items

Rational ignorance

Grok Headline matches for Rational ignorance

How IBM Is Tucking in Its Rational Tools


How IBM Is Tucking in Its Rational Tools 12/12/2003 10:26 AM
IBM executives give an overview of how they are integrating tools provider Rational Software while re-aligning software divisions.

Q&A: Mike Devlin, IBM Rational GM


Q&A: Mike Devlin, IBM Rational GM 12/29/2003 11:10 AM
Devlin tears himself away from integrating the software development tools company he helped create to discuss Rational's fusion with Big Blue.

IBM Rational focuses on software quality


IBM Rational focuses on software quality 07/06/2004 12:07 PM
IBM Rational on Tuesday will announce plans to standardize its suite of automated software quality tools on the Hyades open source platform and is unveiling concurrently a software quality campaign dubbed ?Continuously Ensure Quality,? or CEQ.

IBM Sets Course for Rational 'Atlantic'
Suite


IBM Sets Course for Rational 'Atlantic'
Suite
07/19/2004 08:15 PM
Officials say the next generation of the Rational development tool suite, code-named Atlantic, represents deeper integration between IBM's Rational and WebSphere product lines.

How to Fail with the Rational Unified
Process (PDF)


How to Fail with the Rational Unified
Process (PDF)
04/12/2004 06:14 AM
This article has a good summary of a lot of mistakes in the software development life-cycle, including a comprehensive critique of the waterfall model (waterfalls are pretty but they just don't work).

More info on RUP. At our company we don't use RUP (you have to pay to use RUP), but we do adhere to the ideas of the spiral model.


'It's A Miracle That It Sold Anything At
All. It Was Not A Rational Buy.'


'It's A Miracle That It Sold Anything At
All. It Was Not A Rational Buy.'
01/16/2004 11:04 AM
Happy birthday, Macintosh. By Jack Schofield (The Guardian via MyAppleMenu)

Intel Promises Analysts "Rational
Growth"


Intel Promises Analysts "Rational
Growth"
05/13/2004 06:30 PM
With the dot-com bust completed, Intel Corp. is now returning to a period of "rational growth" driven by sound investment in new technologies, executives said Thursday.

IBM Rational Leader Charts UML's Path


IBM Rational Leader Charts UML's Path 06/07/2004 10:10 PM
Grady Booch, chief scientist at IBM's Rational division and one of UML's creators, talks about the language's ability to add value—and how Microsoft's changing approach to modeling could impact it.

Interview: Rational?s Devlin touts
merger


Interview: Rational?s Devlin touts
merger
07/23/2004 08:02 PM
Mike Devlin is general manager of Rational Software as part of the IBM Software Group. Prior to IBM?s February 2003 acquisition of Rational Software for $2.1 billion, Devlin was Rational CEO and was a co-founder of the company in 1981. InfoWorld Editor at Large Paul Krill talked with Devlin about the merger with IBM, open source trends, and other issues in an interview at the Rational Software Development User Conference in Grapevine, Texas, earlier this week.

Big Blue sails Atlantic (in Rational
manner)


Big Blue sails Atlantic (in Rational
manner)
07/20/2004 06:31 AM
Tooling up

Rational exec envisions software
prominence


Rational exec envisions software
prominence
07/20/2004 07:30 PM
GRAPEVINE, TEXAS -- Projecting what the world will be like in 2031, Rational Chief Scientist and IBM Fellow Grady Booch predicted that software would touch every aspect of life and, thusly, developers would only grow in their importance to society.

Rational unveils upgrade to next tools
portfolio


Rational unveils upgrade to next tools
portfolio
07/21/2004 10:59 AM
Computer Weekly Jul 21 2004 3:35PM GMT

Rational Extends WebSphere Tool Lines


Rational Extends WebSphere Tool Lines 05/10/2004 01:44 AM
IBM's Rational Software division unveils new versions of WebSphere Studio Application Developer and WebSphere Studio Site Developer that feature ease-of-use capabilities.

is this ignorance or willfulness?


is this ignorance or willfulness? 02/15/2004 11:50 AM
I blogged some quibbles about the Bonyton article in the Times about a week ago. In it I noted (but nothing more) PFF's attack on the movement. That led PFF's James DeLong to send an email to his followers, in which he states:
The [Free Culture Movement] does not think that production and consumption of intellectual creations should be organized by property rights and markets. Instead, it favors a mechanism of production based on the open source software movement, in which software is made available at no charge, and is also freely modifiable by the world at large.
So this is obviously yet another Washington DC non sequitur. For again: "open source software" and free software both are built upon intellectual property (however distasteful that word is to some). So it is plainly "organized by property rights and markets." It is not organized in the way that Microsoft likes to organize at least some of its property. But property owners choosing how to make their property available is obviously at the core of a property system. Why would PFF be against that? But here's the real question. Do these DC types (a bit of bit-head thinking, I agree, but sometimes it is necessary) really just not read? Or is this willfulness inspired by the belief that their funders don't read? And Mr. DeLong: If you'd like to debate this in a context where misstatements can be corrected directly, I'd be honored to debate you. Obviously, that would have to be an "open" context, where people were "free" to disagree with you and quote you without your permission. I hope that isn't too communistic for your taste.

the luxury of ignorance


the luxury of ignorance 04/13/2004 04:58 PM
"We are now deep in the trackless swamps created by thoughtless, feckless UI design — full of glitz and GUI, signifying nothing." In The Luxury of Ignorance, Eric Raymond attempts to set up a network printer in Linux.

Ignorance is Bliss


Ignorance is Bliss 04/19/2004 05:42 PM

Friend Buys Computer Just Like That: The Onion brings us this heartwarming story about a guy who knows what he wants. Cheng (the guy's friend) is just flabbergasted.

Cheng said that, once he realized what was happening, he followed Trask to the counter and demanded to know if his friend had done any research on the Internet or visited the store on previous occasions.

"He hadn't," Cheng said. "He just waltzed in there and bought the damn thing. I asked him what he would be using it for, and he said 'work stuff and Internet stuff.' He said he wanted a computer with a DVD player, so he could take it with him when he stayed at his girlfriend's place. And — oh, this was the classic line! This killed me! He said he wanted one that had an 'MP3 maker.'"

I think Cheng's just jealous.

Click here to comment on this entry


Ignorance Is Slavery


Ignorance Is Slavery 09/17/2004 12:10 PM
We are at war with Iraq. We have always been at war with Iraq. This is the first time I've read 1984 all the way to the end, and I finally understand it, and why it's so important. Winston lost entirely, and it was the most complete loss that is possible. This was important, because it sticks in the mind. Ironically, Orwell understood how to manipulate people's emotions, but he used this knowledge for the good of us all.

Quote: Ignorance


Quote: Ignorance 02/10/2004 02:45 AM

"I have never met a man so ignorant that I couldn't learn something from him."
-- Galileo Galilei


The ignorance you're fighting against


The ignorance you're fighting against 08/13/2004 03:47 AM
Folks, it appears that you haven't been doing your job, or perhaps you're just being ignored. I'm speaking to both vendors and IT personnel here. The security execs and "senior IT" people don't seem to get it when we talk about identity management.

IBM Rational: Rival Microsoft Faces
Uphill Battle


IBM Rational: Rival Microsoft Faces
Uphill Battle
07/29/2004 10:06 PM
In an eWEEK interview, IBM Fellow and Rational Chief Scientist Grady Booch discusses Rational's development strategy and competition from Microsoft with its Visual Studio Team System application lifecycle development tools.

Brainstorm 2004 tutorial notes -
Rational Executive


Brainstorm 2004 tutorial notes -
Rational Executive
07/15/2004 12:18 PM

The Agency Costs of Overvalued Equity - Michael C. Jensen

Here are my notes. They are rough notes and may be a bit inaccurate or unclear.

Any time two or more people try to engage in cooperative activities, there is a cost because they never have the same preferences.

Stock options should be adjusted to dividends and cost of capital or their incentives are not aligned with shareholders.

If you as a manager find yourself in a situation where your stock is overvalued. It sets up pressures that cause people to destroy value. When an executive commits fraud to deliver market expectation, they know it's overvalued. 70bn peak but was worth 30bn for Enron. They had a choice of defending the 70bn or confess that it's really only worth 30bn. The board and the investors won't feel that it is value reseting, but rather value destruction and would fire the CEO and look for someone who could perform. No easy way to correct. Probably prevent from getting there. If you're there, you've probably lost your job.

Enron could have stopped the run-up, but they didn't see the downside of the run-up. "Charlie and I get just as uneasy when a company is selling for more than the intrinsic value than when it is trading at less." - Warren Buffet.

Overvaluation is managerial heroin. Feels good at the beginning, but turns out really bad at the end. The pressures of the market cause messing with the gray area of accounting. People raise money to buy companies and destroy more value. Funding of risky investment.

For every $1 in the purchase price, $2.31 is lost in the value of the firm for Nortel when investors realized that the acquisitions were not adding value. Companies destroy value with acquisitions. They con the market into believing that they can add value so it postpones the day of reckoning, but it eventually comes and comes bigger. Bad acquisitions were overwhelmingly with stock. Auctions with multiple irrational people increasing irrationality.

Throwing stock options in is like throwing gasoline on the fire. The solution is in the governance system. Can't solve all problems with incentive systems. You need honest and intelligent people who are monitoring. Unwinding constraints. Lockups after vesting.

Why did the shorts shut down shop at the beginning of the turn-around and didn't correct the problems.

95% of waste from stock options went to people lower than the top five officers. Some people think it is costless to issue options, but this isn't true.

DON'T LET YOUR STOCK GET OVERVALUED. If your stock is overvalued, YOU ARE GOING TO BE IN TROUBLE.

Solution for not having stock overvalued. Communicate your strategy. Don't forecast earnings in value. Publish audit-able metrics for strategy. Stop producing short term earnings forecasts. Would not even do rolling 12 month earnings forecast. Managers should not be in business of forecasting.

Comment - TrackBack

Ignorance 1.3.1.2 (Default branch)


Ignorance 1.3.1.2 (Default branch) 06/22/2005 02:26 AM
Screenshot Ignorance is a flexible, powerful content filtering plugin for Gaim.
License: GNU General Public License (GPL)
Changes:
Invitation auto-deny is working. An /ig alias for /bl has been added.

Microsoft ARC 05


""In this case, I think ignorance is
most of the explanation.""


""In this case, I think ignorance is
most of the explanation.""
09/06/2004 08:36 AM

MS04-025 - Ignorance is truly bliss....


MS04-025 - Ignorance is truly bliss.... 08/05/2004 04:08 PM
hellNbak (Aug 05 2004)

Geographic ignorance costs Microsoft


Geographic ignorance costs Microsoft 08/20/2004 12:25 AM
Insensitive computer programmers with little knowledge of geography have cost the giant Microsoft company hundreds of millions of dollars in lost business and led hapless company employees to be arrested by offended governments. The problem has damaged the company's reputation and the "trust rating," which is seen as key to keeping the company competitive, has dropped, a senior Microsoft executive revealed on Wednesday at the International Geographers Conference in Glasgow.

MPLS takeup hampered by ignorance


MPLS takeup hampered by ignorance 01/06/2005 12:10 PM
ZDNet UK Jan 6 2005 3:45PM GMT

deriding the ignorance of Jonah Goldberg


deriding the ignorance of Jonah Goldberg 02/05/2005 09:55 PM
Juan Cole politely suggests .. Jonah-Juan cat fight

juancole.com/2005/02/jonah-goldberg-embarrasses-himself.htmltrack this site | 4 links


Companies are at risk from staff
ignorance


Companies are at risk from staff
ignorance
01/26/2004 09:52 PM
Computer Weekly Jan 27 2004 2:14AM GMT

"Paul Krugman: A Willful Ignorance "


"Paul Krugman: A Willful Ignorance " 10/28/2003 11:09 PM

Rational calendar with 364 days, extra
week celebrating Isaac Newton


Rational calendar with 364 days, extra
week celebrating Isaac Newton
01/04/2005 08:35 AM
Cory Doctorow: An American physicist has developed a "rational" calendar of 364 days, in which each date falls on the same day of the week every year, thus saving profs the bother of drawing up new homework schedules every September.
His constraints meant eight months would have different lengths than they do now. March, June, September, and December would each contain 31 days, while the other months would each get 30. To keep the calendar in synchronisation with the seasons, Henry inserted an extra week - which is not part of any month - every five or six years. He named the addition "Newton Week" in honour of his favourite physicist, Isaac Newton.

"If I had my way, everyone would get Newton Week off as a paid vacation and could spend the time doing physics, or other activities of their choice," he says.

Despite this incentive, Henry says he has encountered resistance to his plan - mainly because people would be "stuck" with a birthday that always falls on a Wednesday, for example. Henry, who is among that group, is not moved by the argument. "You have my permission to celebrate your birthday the preceding or following Saturday," he says.

Link (via Wired News)

HeadRoom BitHead Review and an Admission
of Ignorance


HeadRoom BitHead Review and an Admission
of Ignorance
05/18/2004 08:54 AM
So I'm reading this review of the HeadRoom BitHead headphone amplifier--really more of an essay about its relative technical merits, musings about singing in freeform jazz, etc., in typical, delightful Dan's Data form--and I get all excited about trying headphone amps again, because I just so happen to be listening...

Microsoft Pays Dear For Insults Through
Ignorance


Microsoft Pays Dear For Insults Through
Ignorance
08/19/2004 07:02 PM
Insensitive computer programmers with little knowledge of geography have cost the giant Microsoft company hundreds of millions of dollars in lost business and led hapless company employees to be arrested by offended governments. By Paul Brown, The Guardian (via MyAppleMenu)

Managers put companies at risk through
ignorance of legislation


Managers put companies at risk through
ignorance of legislation
06/28/2004 09:20 PM
Computer Weekly Jun 29 2004 1:09AM GMT

Sheepish Roddick pleads ignorance
(Reuters)


Sheepish Roddick pleads ignorance
(Reuters)
06/24/2004 10:03 AM
Reuters - After facing the withering stare of Weakest Link presenter Anne Robinson, Wimbledon is a piece of cake for Andy Roddick.

Microsoft leak exposes computing
ignorance


Microsoft leak exposes computing
ignorance
02/13/2004 09:16 AM
The coverage of Microsoft's woes has shown just how little people really know about computing, argues technology analyst Bill Thompson, and it is starting to worry him. It's been a horrid week for Microsoft, and I hope that even those of us who don't approve of the company's business methods will feel some sympathy for them in this time of torment.

Aaron Wormus' Webl0g: Dangers of SQLite
Ignorance


Aaron Wormus' Webl0g: Dangers of SQLite
Ignorance
09/23/2004 08:58 AM
Aaron Wormus has a new posting on his weblog pertaining to the Dangers of SQLite Ignorance.

In Interviews, Iraqis Profess Ignorance
About Law's Details (washingtonpost.com)


In Interviews, Iraqis Profess Ignorance
About Law's Details (washingtonpost.com)
03/08/2004 11:10 PM
washingtonpost.com - BAGHDAD, March 8 -- They knew that a national constitution was being drafted. They had heard vaguely about disagreements among the officials writing it. But for many ordinary Iraqis, the details and the significance of the document, which was signed Monday and billed as a framework for self-rule, remained largely a mystery.

Ignorance Hurts: Many Businesses Don’t
Grasp Search Engine Marketing


Ignorance Hurts: Many Businesses Don’t
Grasp Search Engine Marketing
04/14/2005 02:11 AM
New white paper explains how to make the most of the high-growth industry [PRWEB Apr 14, 2005]

Ignorance Hurts: Many Businesses Don't
Grasp Search Engine Marketing


Ignorance Hurts: Many Businesses Don't
Grasp Search Engine Marketing
04/14/2005 12:29 PM
New white paper explains how to make the most of the high-growth industry [PRWEB Apr 14, 2005]
Grok Description matches for Rational ignorance
GrokA matches for Rational ignorance

Rational ignorance

The following phrases have been identified by the grok system as matching this entry:

















Also check out:


Grok

Ipod Porn on the
Rise

Brief Abstract of
Wikipedia's
Mesothelioma Cancer
page

Get first aid
instructions in your
cell phone

IE is crap
JSPWiki gains
podcasting support

DFA continues to
move on

Rebecca launches a
blog about North
Korea

Pepsi / Apple
Superbowl Parody

Eisbrecher including
2 blank CD-Rs with
new album

Why the rover
failed...

Busted in Tokyo for
riding Segway

Australian Govt
Tries To Make
Face-Recognition
Look Good

Cats and dogs...
Looking for examples
for our Emergent
Democracy Worldwide
discussion

Leaving...
ETech day 1 starts
Photos from ETech
Porn Commons
Emergent Democracy
Worldwide

A Single Instance of
iTunes

PHPBuilder.com: Test
Driven Development

Zend: Rock Solid
Code - Part 3

DotGeek.org: Content
vs. Code & Email
Attachments

PHP.net: PHP 4.3.5RC
2 Released!

DevShed.com: MySQL
& PHP
Dynamically

Community News: PaWS
Tickets Now on Sale!

DotGeek.org: CSS/PHP
and Hashing Your
Files

Community News: Some
SimpleXML Docs

Community News:
PHPCommunity.org
Moves On

A List Apart:
Standards and CSS
Friendly Footers

Where/What Vision
Theory, In Practice

On Time, Every Time:
Timing Material in
CF

Clear, precise...and
problematic

Alternative to Orkut
SuperBowl Note
(Caution: Contains
no gratuitous
nudity)

Poetry blog
Isenberg: WTF?
The Semantic Earth
Orkut Follies
See Ralph Not Run
Blogging over at
Many2Many

Got a Mac, so shut
up already

12 minutes on the
value of the
unspoken

Exit the MATRIX
Croaked phone
Poppa's got a brand
new Mac

Gone blogging
There Ain't No Such
Thing As A
Carbohydrate-Free
Lunch

LaundryView helps
students schedule
clothes washing

Register: is Orkut
TOS a deja vu of
controversial,
discarded Microsoft
TOS?

New anti-download
campaign debuts
during Grammys

Random advice for
composition

Pecksniff: The word
of the day

Marvin the Martian
secretly etched on
Mars Lander chips

Technorati adds text
search

what is grok?