| Welp, I guess we're going to have to pack up the modern world and go home then. Because many of the major advances in science thus far have been widely rejected by credentialed people at first only to eventually be proven correct. First Semmelweis, then Pasteur: http://en.wikipedia.org/wiki/Ignaz_Semmelweis#Conflict_with_... http://en.wikipedia.org/wiki/Louis_Pasteur Copernicus and Galileo vs a lot of other people: http://en.wikipedia.org/wiki/Galileo_Galilei#Controversy_ove... http://en.wikipedia.org/wiki/Nicolaus_Copernicus Einstein and relativity: http://en.wikipedia.org/wiki/Criticism_of_the_theory_of_rela... I could do this for days if you'd like. Credentials are worth something of course, but credentials don't have metaphysical powers that prevent a person from being wrong once they have their credentials. EDIT: That's not to say I necessarily believe that these folks are correct and Dawkins is wrong. Just that the credentials don't mean as much as people think they should. It's not like getting a PhD prevents you from ever having a bias ever again. It'd be great if it was true, but it's not. |
So what evidence is Taleb bringing to the table? I ask honestly, because when he says "I spent some time scrutinizing the math: it is impeccable, though unsophisticated by mathematical finance standards." I just think Please...spare me If all he has is a mathematical critique that was roundly rejected by 100 experts in the field it's time to put up or shut up. Einstein predicted Mercury's precession, Galileo predicted new laws of motion. What's Taleb predicting?