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Overcoming Bias Commenter's avatar

Perhaps saying pigheadedness is bad is a lot like saying novelty seeking is bad.

Rejecting existing, established ideas due to them not being sufficiently novel, despite them having a good fit to the evidence, is bad, like rejecting them through being pigheaded. But seeking novel ideas in areas not mapped out is good, like sticking to novel ideas even though groupthink says that you should not (pigheadedness).

I like the analogy, as I get the gestalt impression a lot of anti-stubbornness people see themselves as openness and novelty seeking boosters, though the two are not really in conflict as such.

I can see agreeing that stubbornness isn't a good thing if you don't agree that stubbornness maintains concept diversity against social pressures. After all, that's why it is argued for, so if that does not hold, there is no arguement for it.

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Overcoming Bias Commenter's avatar

The cost of pursuing ideas that are wrong is not small, and the cost of implementing policy decisions based on wrong ideas can be catastrophic. What caused the housing bubble and the financial crisis? It was the inflated valuations put on toxic securities by the various rating agencies because of the pigheaded idea that their “financial models” addressed all risks.

Yes, it was cheaper to pay the pigheaded financial analysts who were making money hand-over-fist buying and selling these bogus “securities” with fake values and fake ratings. The ultimate cost was the financial bailout, and now 3 years of recession and unemployment. When will the economy get back to “normal”? When will those tens of millions have jobs again? What is the cost of that? How many tens of millions of person-years of productivity have been lost? How much lost growth in the economy has there been? Will that lost growth ever be recovered? We all know that it won't be recovered, that lost productivity is gone and gone forever.

The financial crisis probably has set the Singularity back at least 5 or 10 years. What is the cost of that? The current pigheaded obsession with the debt and not jobs and growth probably adds another 5 or 10 years.

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