Truth and honesty

Finance Professor Earns “King’s” Ransom at Galleon Trial

Great post John, and great reply Phil.

Does rather open the question of what is truth?

We all seem to start out thinking that there are facts, and if we just knew a few more of them, all would be right with the world.

Strange thing is, the more I know, the more I know I don’t know, and the less confident I become about much of what I thought I knew.

It seems that for the most part, what we mistake for knowledge is but a simple model of something that is far more complex – perhaps infinitely more complex.

We have no choice but to use our models (or models of models), as they are all we have.
We do have choice about how we view them, and the level of confidence we give each one.

What seems to work, is to use the best model we can for each aspect of each situation that we are able to distinguish, and to stay open to the possibility that it may be less than accurate in some key aspect.

Does make it rather difficult to respond to questions about “truth, the whole truth and nothing but the truth” – when the whole subject of truth seems somewhat nebulous.

About Ted Howard NZ

Seems like I might be a cancer survivor. Thinking about the systemic incentives within the world we find ourselves in, and how we might adjust them to provide an environment that supports everyone (no exceptions) - see www.tedhowardnz.com/money
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1 Response to Truth and honesty

  1. holessence says:

    These two statements especially, jumped right off the page at me with a resounding YES!

    “We have no choice but to use our models (or models of models), as they are all we have.”

    “We do have choice about how we view them, and the level of confidence we give each one.”

    Like

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