It's sort of amusing to me that the evaporative cooling mechanism (though not under that name) was actually proposed by Russel Hardin well before EY got to it.
The amusing part is the proposal is in a book presenting the case that rational choice theory actually explains a lot of apparently irrational behavior, which is, ahem, not exactly the modal viewpoint on Lesswrong.
Can you say a bit more about the book? Does it directly engage the examples/arguments of Kahneman et al that are often used? Did you find the book convincing?
Background info: a splinter group, which broke off from the LDS ("Mormon") church ~100 years ago, refusing to give up polygamy, has been in the headlines over the last year; their leader was sentenced to life in prison for rape of teenage girls he took as plural wives.
Deseret News, Sex banned until Warren Jeffs' prison walls crumble, FLDS relatives say
Eliezer, Evaporative Cooling of Group Beliefs
This doesn't simply seem to be a case of a new weighted average after some skeptics are gone (only 1% of FLDS have left). There are other dynamics going on among those remaining.
The image that comes to my mind is a lot of points scattered along a skepticism/fanaticism axis, and a repelling magnet placed on that line. This magnet pushes the already-skeptical values into greater skepticism (and out) and pushing the more fanatical members into greater fanaticism. How well does that actually represent what's going on? Not sure.