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roland comments on Open Thread: January 2010 - Less Wrong
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Where do those numbers come from? 80%, 10%???
They're almost made up, which makes any attempt at Bayesian analysis not all that meaningful... I'd welcome other tools. He gave me the 80% probability number so I felt obligated to give my own probability.
Consider the numbers to have very wide bounds, or to be more meaningful expressed in words -- he thinks there is a conspiracy, I don't think there is a conspiracy, but neither of us are absolutely confident about it.
Exactly. I think there is no rational basis for answering your question.
Your friend has a distrust of corporate leaders(here I agree with him) and his theory is probably based on his feeling of disgust for their practices. So his theory has probably more of an emotional basis than a rational one. That doesn't mean it is wrong, just there aren't any rational reasons for believing it.