Index Investing News
Sunday, May 25, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Following the Science Right into the Oedipus Trap

by Index Investing News
April 29, 2023
in Economy
Reading Time: 2 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


We’ve long been told how much we can learn from our mistakes. (This week’s guest even wrote a book about it!) But what if a mistake is so awful, not only do we not learn from it, we can’t even live with it. This is the sort of mistake Washington Post columnist Megan McArdle calls an Oedipus trap. In this episode, EconTalk host Russ Roberts welcomes McArdle back to discuss this trap, describing some fascinating examples.

In their conversation about confronting our errors and the challenge of confirmation bias, McArdle shares the story of Dr. Walter Freeman a “pioneer” in using lobotomies to treat mental illness. Despite overwhelming evidence to the contrary, Freeman died convinced of their efficacy. He even spent the last years of his life tracking down and corresponding with his lobotomy patients, thinking he’d found “proof” of his success. How could he have been so wrong?

While I’m not going to ask if you’ve ever fallen into an Oedipus trap (as if you would know!!!), we would love to hear your reactions to this conversation. Share your responses to the prompts below in the comments, or use them to start your own conversation offline. Let’s keep the conversation going.

 

 

1- In recounting the story of Freeman, McArdle says, “One of the things that comes out of a lobotomy is a different idea about informed consent.” What does she mean? Were there “satisfied customers?” To what extent should we consider Freeman an entrepreneur?

 

2- McArdle cautions listeners, “…we should remember that it is easy to pass judgment when we have alternatives.” She also points to the continuing mysterious nature of health care. (Remember Semmelweis and the midwives!) While all this is true, we might still want to consider safeguards to avoid the Oedipus trap. What might such safeguards look like? Are they more internally or externally oriented?

 

3- Roberts changes course to consider the Oedipus trap as it relates to politicians. How often have politicians (or perhaps military leaders) made decisions that if they reconsidered they could not love with? Did Truman ever (publicly) regret dropping the atomic bomb, for example? Perhaps in many similar cases, the foregone alternative is equally unthinkable. Still. can you answer Roberts’ challenge and think of a major such event that was later- again publicly- regretted?

 

4-McArdle says that avoiding or getting out of the Oedipus trap is hard because the people who can resist that pull and see the thing that is true, even if it is going to be socially costly for them and psychologically costly for all of the people around them, tend not to be pleasant people. Why do you think this is? Roberts wonders about other dissenters, troublemakers, and contrarians- all pejorative terms. To what extent do those who shatter the status quo tend to be outsiders?

 

5- What’s wrong with “Following the Science,” according to McArdle and Roberts? To what extent do you agree that the higher the stakes, the less likely people are to follow the consensus? Explain.

 

 



Source link

Tags: OedipusSciencetrap
ShareTweetShareShare
Previous Post

Alanna Homes Champion Novice Hurdle: Impaire Et Passe grinds out another Grade One victory at Punchestown | Racing News

Next Post

ARK Invest $2,000 Tesla Forecast Has a Huge Blind Spot

Related Posts

Billy Joel: My Life – The Massive Image

Billy Joel: My Life – The Massive Image

by Index Investing News
May 25, 2025
0

    Bob Lefsetz: We are inclined to assume life has an on/off change. You’re both alive or your useless....

How is the Federal Reserve reacting to Donald Trump’s commerce conflict?

How is the Federal Reserve reacting to Donald Trump’s commerce conflict?

by Index Investing News
May 25, 2025
0

Unlock the White Home Watch publication at no costYour information to what Trump’s second time period means for Washington, enterprise...

SoftBank’s Masayoshi Son floats thought of US-Japan sovereign wealth fund

SoftBank’s Masayoshi Son floats thought of US-Japan sovereign wealth fund

by Index Investing News
May 25, 2025
0

Unlock the White Home Watch e-newsletter without costYour information to what Trump’s second time period means for Washington, enterprise and...

The Ethics of Inequality – Econlib

The Ethics of Inequality – Econlib

by Index Investing News
May 25, 2025
0

In an period marked by rising tensions over social justice, wealth redistribution, and the position of the state, it's sensible...

Donald Trump makes dangerous guess by rekindling his commerce conflict with the EU

Donald Trump makes dangerous guess by rekindling his commerce conflict with the EU

by Index Investing News
May 24, 2025
0

Donald Trump likes to make offers. And he could also be calculating that his sudden escalation of tariffs on the...

Next Post
ARK Invest ,000 Tesla Forecast Has a Huge Blind Spot

ARK Invest $2,000 Tesla Forecast Has a Huge Blind Spot

What to expect when Starbucks (SBUX) reports Q2 earnings next week

What to expect when Starbucks (SBUX) reports Q2 earnings next week

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

THas the Housing Market Already Bottomed?

THas the Housing Market Already Bottomed?

February 27, 2023
FirstFT: How one man drove Capital’s €8bn European financial institution inventory sell-off

FirstFT: How one man drove Capital’s €8bn European financial institution inventory sell-off

May 23, 2022
Tua Tagovailoa leaves recreation with one other concussion

Tua Tagovailoa leaves recreation with one other concussion

September 13, 2024
German voters have proven Scholz the door – Russian Duma speaker — RT World Information

German voters have proven Scholz the door – Russian Duma speaker — RT World Information

September 3, 2024
How the Geneva Consensus Declaration Threatens Worldwide Cooperation and Improvement — World Points

How the Geneva Consensus Declaration Threatens Worldwide Cooperation and Improvement — World Points

October 1, 2024
mutual fund models: ET within the Classroom: Completely different strategies of holding your mutual fund models

mutual fund models: ET within the Classroom: Completely different strategies of holding your mutual fund models

June 26, 2024
The Actual Energy of Intelligence ‘Auxiliaries’

The Actual Energy of Intelligence ‘Auxiliaries’

April 15, 2022
When Will The Housing Market Crash In Florida?

When Will The Housing Market Crash In Florida?

October 29, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In