Whose advice should you take?

A useful way to look at advice…

It's only chemo

My wife finds it irritating that I often take a long time to get round to following her recommendations, even though the ones I follow almost always turn out to be successful. This post is about what sort of advice is worth taking – my view of the evidence is, not much – and why a (very basic) bayesian attitude is worthwhile.

Everyone wants their advice to be taken, but almost no one actually wants or ever follows unsolicited advice. That paradox is worth thinking about.

The quality of people’s advice varies considerably depending on how specialist it is.

Even those people who are experts offering expert advice may not be that useful to you. A 2014 meta-study found, ‘deliberate practice explained 26% of the variance in performance for games, 21% for music, 18% for sports, 4% for education, and less than 1% for professions.’

All that practice will give…

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Facebook’s Crypto Strawman

This is their first attempt after all…

alexdanco.com

If you haven’t heard already:

Welcome to Libra | Facebook
Facebook announces Libra cryptocurrency: all you need to know | Josh Constine, Techcrunch

I mean, hey, good for Facebook for… going for it, I guess? After two-plus years of being called all sorts of nasty names – a threat to democracy, a nest of lies, a horde of children playing run-the-universe, you get the idea – Facebook has announced their newest plan to get everybody mad at them: they’re launching a new cryptocurrency / payments product for their users around the world. They call it “A simple global currency and financial infrastructure that empowers billions of people.” And it’s called Libra.

The actual mechanics of the Libra blockchain protocol are a real Rorschach test: whatever it is you already thought Facebook was doing, you’re probably going to keep thinking that, but armed with more talking points: 

  • Libra is a private…

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