![]() Photograph: Jonas Ekstromer/AFP/Getty Images And then you see noise.ĭaniel Kahneman receives the Nobel Memorial prize in Economic Sciences from King Carl Gustaf of Sweden in Stockholm, 2002. You have to look statistically at a great number of cases. It’s really a very different thing from subjectivity or bias. System noise is not a phenomenon within the individual, it’s a phenomenon within an organisation or within a system that is supposed to come to decisions that are uniform. It’s a new kind of media that has essentially no responsibility for accuracy and not even reputational controls.Ĭould you define what you mean by “noise” in the book, in layman’s terms – how does it differ from things like subjectivity or error? ![]() But clearly the potential for misinformation to spread has grown. I know too little about social media, there’s just too large a generational gap. ![]() It takes a long time to educate intuition.ĭo you think the cacophony of opinion on social media exacerbates that? Exponential change is really something else. And if things are accelerating, they’re usually accelerating within reason. We are very experienced in a more or less linear world. Does that surprise you?Įxponential phenomena are almost impossible for us to grasp. ![]() One of the key problems seems to have been the widespread inability to grasp the basic idea of exponential growth. ![]()
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