The 10th Man
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The 10th Man
But not everybody is playing the same game. People have different incentives, and they may be following their incentives rationally, but it nevertheless creates profitable opportunities for DFT, which just wants to make money. Maybe conscientious contrarianism
Nate Silver • On the Edge: The Art of Risking Everything
it is not a function of a quantity of individuals that determines if a psychological crowd has formed. Rather, it is a function of the characteristics displayed. If a person is exhibiting these characteristics, then he is part of a psychological crowd and is making crowd trades.
Brendan Moynihan • What I Learned Losing A Million Dollars
The founders of Heterodox Academy, in the BBS paper, specifically recognized Merton’s 1942 and 1973 papers, in which he established norms for the scientific community known by the acronym CUDOS: “An ideologically balanced science that routinely resorted to adversarial collaborations to resolve empirical disputes would bear a striking resemblance to
... See moreAnnie Duke • Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts
This is a coordination problem. Reasonable people understand that if they join the fray alone, they'll most likely be drowned out by the yelling, or worse they'll get dragged deeper into it. As a result, they choose stay out of it.