The Half-life of Facts

Unknown Blogger Mathematica

The Half-Life of Facts

I enjoyed this book and I believe it provides an important insight. It fits well with Thinking, fast and slow (Kahneman) The  author starts with a deliberately fuzzy/loose pragmatic definition of  “fact” and proceeds to explore the quantitative aspects of evolution (or temporal characteristics) of knowledge and information. He uses mathematical and statistical tools to explore patterns, suggesting common or universal mechanisms. In addition, the pitfalls and biases of  dissemination of knowledge, the persistence of misinformation and the inertia for “changing our minds, when the facts change” are also explored.

I learned a lot from this book. However, I found the repetition of the statement  underlying regularity not an argument.  I felt that the underlying potential mechanisms that lead to these regularities were tantalizingly suggested but not explored. The patterns, which I agree we do not usually consider for information/knowledge, are important but I would have liked more…

View original post 146 more words

This entry was posted in applied price theory by Jim Rose. Bookmark the permalink.

About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.