Sta Hungry Stay Foolish

Stay Hungry. Stay Foolish.

A blog by Leon Oudejans
Tag:

Truth

“It’s just not knowable”

On 14 December 2022, the Federal Reserve chairman stated that "it's just not knowable", when asked if inflation will cause a hard or soft recession in the economy (see transcript, p.17/23). His answer relates to Fitch's paradox of knowability: the existence of an unknown truth is unknowable. Notwithstanding the above, people do hold views on that economic recession...

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Why do we deny?

Our reasons for denying something, appear to be almost endless. Denial may be a response to negative emotions (eg, guilt & shame, regret & remorse), and/but also to positive emotions (eg, confident humility, love). From a rational point of view, denial seems illogical. So, why do we deny? Denying is part of lying (ie, what). Children start lying at c.3 years...

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Why is the truth so important to us?

Most truths are subjective truths: we see, hear, smell or taste what we want to believe and ignore all other (eg, contradicting) sensory input. Hence, other people usually have different (subjective) truths. Why don't we agree that nothing is true? This theory is called alethic nihilism (eg, Aeon-2022, Wiki-1, Wiki-2). source, Reddit I suppose that a part of the...

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When the facts change, I change my mind. What do you do?

The statement above is usually (mis)attributed to economist John Maynard Keynes (1883-1946). Many - if not most - facts are time-boxed. A famous example is the 1609 controversy on heliocentrism: does the Earth rotate around the Sun (eg, Galileo Galilei) or vice versa (ie, the Roman Catholic Church)? Not changing your mind when the facts change, reveals the existence...

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Is democracy only a democracy when your party wins?

The Brazilian opposition leader won the first round of the 2022 general election (ie, 48% vs 43%). However, news articles and comments are suggesting that he - and even democracy - have lost. Why? Because actual results differed from expectations. Voter polling statistics had claimed a landslide victory. The Brazilian elections are an example of two of my topics:...

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Lies, damned lies, and statistics

On 30 September 2022, the Dutch Statistics Agency reported that the average inflation over September amounted to 17,1% (CBS). It surprised me because it didn't feel that way. The Dutch Press Agency reported that this 17,1% included the October energy rate increases (ANP). Hence, my blog title. Something similar happened over the last decade: the enormous increases...

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