4 ms·
This thought generalizes (terror-inducingly) to the whole media. "A pity they're totally nincompoops when it comes to tech but at least they've got politics, c
by patio11 12y ago
This thought generalizes (terror-inducingly) to the whole media. "A pity they're totally nincompoops when it comes to tech but at least they've got politics, crime, and the economy sor... oh dear."
(Think pg had an observation like this once.)
- gd1 12y agoI think there is a name for this effect (and a wikipedia page). I've forgotten what it is called though.
- patio11 12y agoMurray Gell-Mann Effect maybe? Been a few years, can't remember if I have the order right.
- kbenson 12y agoThat's it (usually written Gell-Mann effect I believe), but it actually describes the cognitive dissonance of ignoring that feeling when reading other non-domain stories, so it's the opposite.
- aptwebapps 12y agoThe Gell-Mann Amnesia effect, coined by Michael Crichton.
- kbenson 12y agoI seem to recall there's a term for this, but I can't remember the actual name.
- everly 12y ago"When the press writes about a topic you know well, you realize every news article you've read could have been equally mistaken." -pg
- kasey_junk 12y agoI think what made it particular bothersome in this case is how easy the HFT narrative fits with his standard template, but in the opposite way than he wrote it. He could of easily written the "smart guys take on the rich insiders" using the HTF folks as the heroes. Plus, I felt the narrative suffered because of all the convolutions he had to do to make the millionaire trader bros at IEX meet that template. Further, I doubt you'd find a more Moneyball loving population sample than at HFT shops.