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", they kept saying, missing the subtlety of the & evidence of fat tails.Two unpleasant situation, worth naming names because these two individuals are exceedingly harmful to society.Clearly those the most fit at dealing with "just evidence" will be idiot savants outside their evidence domain.

1) The most unpleasant situation was the psychologist Dan Gilbert from Harvard who broke the Brockman dinner party etiquette by shouting insults within earshot, c. Armin Falk University of Bonn, who did some bullshit experiments on bounded rationality, not knowing that I was a trader, shouted in a strong German accent: "I do science ; you just do philosophy". So let me take this into more interesting territory, and express my anti-social-planner views.

Even more that in Hayek's days, the ecology of the real world is becoming too complex for Aristotelian logic: very, very little of what we do can be safely formalized, meaning asymmetries matter more than ever.

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