Do people commit the conjunction fallacy even after having been warned of the conjunction fallacy?
Earl Warren tumbled headlong into the standard conspiracy theory attractor with, I might add, no deleterious effect on his career. This man was later the 14th Chief Justice of the US Supreme Court and has probably had more lasting effect on US society than any single figure of the 20th century. Thanks for the post.
Eliezer, your use of the term 'risk free bonds rate' is confusing. There is clearly no such thing a risk-free bond, so the notion of a risk-free bond rate doesn't seem to make sense. True, it's not impossible to lose money in short treasuries, but this has nothing to do with what's more commonly known as the 'risk-free rate' in modern portfoio theory.
The 'risk-free rate' is simply shorthand used to refer to a particular input to modern asset valuation models. It says nothing about a given security's total inflation-adjusted return, nor is it a conclusion d...
These last couple of posts on definitions have been very good.
Another definitional strategy prone to abuse is coinage or creation of neologisms, sometimes used to sneak assumptions into a debate that would require significant support otherwise.
For one example, I have noticed the use of the term 'technoscience' or 'technoscientific' in rhetoric concerning science and technology. The use of this term is striking given the pretty obvious differences between science and technology as domains and activities in the real world. One must be making a very imprecise... (read more)