Thursday, September 22, 2011

Antología de Nassim Nicholas Taleb

122- The Ancients Knew it
After years reading prose in social science with strange theories, with seemingly empirical "evidence" but computed in a nerdy way, I surmise that everything that works in social science has to have an antecedent in the Latin (& late Helenistic) moral literature (moral sciences meant something else than they do today): Cicero, Seneca, M. Aurelius, Epictetus, Lucian, or the poets: Juvenal, Horace or the later French moralists (La Rochefoucault, Vaugenargues, La Bruyere, Chamfort, Bossuet, Montaigne even ....) -- we are witnessing a slow but certain degradation of wisdom.
Utility Theory /Prospect Theory: Segnius homines bona quam mala sentiunt in Livy's Annals (XXX, 21) (Men feel the good less intensely than the bad).
Negative advice: Nimium boni est, cui hinil est mali Ennius , via Cicero-
Madness of Crowds: Nietzche: Madness is rare in individuals, but in groups, parties, nations, it is the rule (this counts as ancient wisdom since Nietzsche was a classicist; I've seen many such references in Plato) -
Hormesis: Cicero (Disp Tusc,II, 22) When our souls are mollified, a bee can sting -
The Paradox of Progress/Choice (Lucretius): there is a familiar story of a NY banker vacationing in Greece, talking to a fisherman &, scrutinizing the fisherman's business, comes up for a scheme to help the fisherman make it a big business. The fisherman asked him what the benefits were; the banker answered that he could make a pile of money in NY and come back vacation in Greece; something that seemed ludicrous to the fisherman who was already there doing the kind of things bankers do when they go on vacation in Greece. The story was very well known in antiquity, under a more elegant form, as retold by Montaigne I, 42: (my transl.) when King Pyrrhus tried to cross into Italy, Cynéas, his wise adviser, tried to make him feel the vanity of such action. "To what end are you going into such enterprise?", he asked. Pyrrhus answered:" to make myself the master of Italy". Cynéas: " and so?". Pyrrhus: "to get to Gaul, then Spain". Cynéas: "Then?" Pyrrhus: " To conquer Africa, then ... come rest at ease". Cynéas:" but you are already there; why take more risks"? Montaigne then cites the well known Lucretius (V, 1431) on how human nature knows no upper bound, as if to punish itself.

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