To see how this is clearly wrong, consider these two extreme cases: 2/
A serious reasoning error that is particularly common among educated people is to argue that if a study hasn't been done on a particular question we have 'no data', and therefore no basis on which to form beliefs or act.
This is incorrect and dangerous. 1/
To see how this is clearly wrong, consider these two extreme cases: 2/
But we can estimate the likelihood just fine! To start with we can just check the base rate of all vaccine trials.
What fraction of all vaccine trials in history have had +ve results? 3/
b. Imagine now that the vaccine trial results have come back positive. But by chance all the vaccines were given in a blue room.
So, will the vaccine still work if given in a red room? I guess we have 'no data'.
4/
That is plainly ridiculous — we understand the causal mechanism and it doesn't involve room colour, so in fact we can give a near definitive answer to that question. 5/
The error does most damage when we need to move fast in an uncertain environment. 7/
What complete bollocks! 8/
But even if they didn't, we could look at the base rate among all vaccines — what fraction of all vaccines offer protection for ~6 months after the first dose? 9/
Furthermore, we know how vaccines work, and people who are experts in immune reactions probably have a trained intuition on how likely one is to get immunity after a first exposure to an antigen. 10/
If they think one shot will work with 70% probability or 30% probability, that's a big update either way. 11/
But that's normal and fine, and they can go in an expected value calculation nonetheless. 12/
They call giving one dose 'risky' but if we were already planning to give one dose we could equally say two doses is wildly risky — because you only vaccinate half as many people!) 13/
No two cases are exactly the same, and we always have to reason from nearby analogies — which means we always have relevant information we can use to guide a decision. 14/
More from For later read
How I created content in 2020
A thread...
Back in Aug 2016, I started creating content to share my experiences as an entrepreneur.
Over 3 years I had put out 1,200+ hours of content - posting every week without
Little did I know that something I started almost 4 years back would give my life an entirely new direction.
At the end of 2019, my biggest platform was LinkedIn with ~700K followers.
In Jan 2020, I decided to build a team that would help me with the content.
I ran a month long recruitment drive to hire a team of interns.
It comprised 4 detailed rounds - starting with my loved 20 questions, then an assignment, then a WhatsApp video round and finally F2F.
Through 1,200+ applications, I finally selected 6 profiles, starting March.
I am a firm believer in @peterthiel's one task, one person philosophy
So the team was structured such that everyone was responsible for ONLY one task
1. Content ideas
2. Videography
3. Video editing
4. LinkedIn (+TikTok) distribution
5. FB+IG distribution
6. YouTube distribution
A thread...
Back in Aug 2016, I started creating content to share my experiences as an entrepreneur.
Over 3 years I had put out 1,200+ hours of content - posting every week without
August 2016.
— Ankur Warikoo (@warikoo) October 2, 2020
It has been 3 months since LinkedIn had launched its video feature.
And I had been waiting for it to be activated on my profile.
A thread...
Little did I know that something I started almost 4 years back would give my life an entirely new direction.
At the end of 2019, my biggest platform was LinkedIn with ~700K followers.
In Jan 2020, I decided to build a team that would help me with the content.
I ran a month long recruitment drive to hire a team of interns.
It comprised 4 detailed rounds - starting with my loved 20 questions, then an assignment, then a WhatsApp video round and finally F2F.
Through 1,200+ applications, I finally selected 6 profiles, starting March.
I am a firm believer in @peterthiel's one task, one person philosophy
So the team was structured such that everyone was responsible for ONLY one task
1. Content ideas
2. Videography
3. Video editing
4. LinkedIn (+TikTok) distribution
5. FB+IG distribution
6. YouTube distribution