Dmitry Orlov on Post-Peak Career Choices
admin January 6th, 2011
Orlov outdoes himself again meditating on the best possible high-return career once “collapse predictor” stops being a job, and after dismissing “scrimshaw dentistry” chooses to combine two exercises with similar predictive capacities to become an “astro-economist.” I wonder if Eric could do that too?
If, as I argue above, all of these alignments, through the force of ignorance, act together in concert irrespectively of distance and time, then the signal conveyed by astrological data is complete randomness: pure, high-grade noise. It is not just any old ignorance but the purest, highest-grade, most reliably fact-free signal imaginable.
And this brings us to astrology’s sister discipline, which likewise benefits from purity of ignorance: economics. It is well-known that stocks picked by expert money managers do slightly worse, overall, than stocks picked by monkeys throwing darts. (Good monkey! Here’s your bailout!) The reason for this should be obvious: monkeys produce better results because of the superior quality of ignorance that drives their decision-making process. Similarly, economists who struggle with econometric models and statistical data collected by government and industry are sometimes accidentally correct in their predictions, raising expectations and creating false hopes. But if instead economists plugged in the pure nonsense of astrological data averaged across an infinite universe, they could easily achieve a six-sigma rating, being repeatably wrong 99.99966% of the time. And wouldn’t that be exciting!? Oh but wait a minute…