Eventual Failure of False Beliefs - The Big Picture
Eventual Failure of False Belief Systems January 7, 2021 9:00am by Barry Ritholtz It is a surprisingly complicated question. The answer depends on many factors: what you got wrong, by how much, the impact of your error. The repercussions for getting something very big very wrong varies dramatically, depending upon the inherent feedback loop of that particular practice area. Think about what occurs when surgeons or airline pilots get things wrong. The results are immediate, as are the subsequent ramifications. Mess up enough and you are no lon...