Showing posts with label Freakonomics. Show all posts
Showing posts with label Freakonomics. Show all posts

Saturday, December 12, 2009

When contrarianism is and isn't good

Some examples:

A contrarian business venture: excellent! May a thousand business flowers bloom! If you think Stirling engines are the wave of the future, or horse buggies, or private space planes, and want to sink your money into it, well, you go, girl! (Or guy.) Of course, most new businesses fail, even the ones that aren't trying to break the mold, but the businesses that make it help move progress forward.

A contrarian business venture financed with my money: well, hold your horses, there. Now we're talking about something with a potential downside. I'd have to be incredibly convinced before I'd bet my money that the rest of the business world is wrong. And I'd still be likely making a mistake in investing.

A piece of contrarian scientific research: excellent! May a thousand scientific research avenues bloom! Why bother proving something that science has long suspected but not firmly proven, when you can overturn your entire field instead. Again, it could be a waste of your time and someone's research money to attempt to prove something that 90% or more of the world's experts think is wrong, but Galileos do come along every few centuries - maybe it's your turn!

(Hypothetically) doing my thesis to prove contrarian science: you can probably figure out where this is going.

I'm going to speed this up.

Contrarian investment firms and contrarian scientific careers: this is a way to spread your contrarian bets. You can be wrong lots of time and score big the few times you're right. Whether it's really the best long-term strategy is another question. I think it might work a little better for investment firms than for a single scientist, because the firms can make a lot more bets than a scientist can do research projects.

Betting your nation/planet on a single contrarian economic or scientific policy: shall we switch the country to the gold standard? I'm sure there are a handful of economist PhD.s out there who say this is a good idea and "the only way to avoid the imminent economic collapse". Same question of whether we ignore the vast majority of scientists on climate and follow the few, allegedly-brilliant iconoclasts who say differently. When there's no way to spread your bets, at least not at any one time,* betting the farm on the tiny minority position is about as smart as betting the farm usually is.

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This was intended to be my last followup to the Superfreakonomics issue, and generally on why contrarian policy choices, done not as an experiment but as an all-out commitment, are incredibly risky. Also relevant to a wiki discussion on whether describing Richard Lindzen as a contrarian is somehow a huge slur against him, as opposed to simply describing his career strategy and possibly his temperament.


*There is the option of changing your policy choice at a later date. This is another reason for skeptics to lighten up - they seem to be convinced they're going to be proven right in less than a decade. Any economic damage they see after 2020 from reducing pollution won't happen - the policies will have changed, and we'll have plenty of money to build statues in their honor.

Saturday, October 31, 2009

First draft attempt at Argumentum ad Galileus

Let's try it:

Argumentum ad Galileus:

Risum procul Galileus
Rideo procul mihi
Ergo sum tunc Galileus

What I'm trying to say:

The Galileo Fallacy:

They laughed at Galileo
They're laughing at me
Therefore I am the next Galileo

It's not easy trying to write something in a language you don't know, and Spanish isn't as much help as I thought it might be. Corrections greatly welcomed.

Inspired by yet another the-consensus-was-the-Earth-is-flat reference, this time by the Superfreakonomics guys that I'm not writing about anymore (and who are refuted here).

Of course as I finish writing this I find someone's come up with a similar description for something called the Galileo Gambit. They didn't try writing it in really bad Latin, though, so I win.

UPDATE: got the first correction from Steve Bloom, so I've changed the Latin above. I'll keep changing it as corrections come in.

Thursday, October 29, 2009

My last, somewhat contrarian, Superfreaks post

I've got one more post about contrarianism in general, but I'll wrap up on Superfreakonomics.

My contrarian points:

1. They're not picking on the left. Many bloggers speculate that contrarians like picking on the left but not on the right. I don't know about other contrarian authors, but Levitt and Dubner's first book talked a lot about how legalizing abortion reduced crime. Even the current book sympathizes with legalizing prostitution, something that's mostly libertarian/glibertarian, but still probably supported more by the left.

2. Geoengineering with sulfate aerosols is cheap. I've seen a number of assertions that they've left out costs of the stratospheric shield and exaggerated the costs of mitigation. It doesn't matter. As long as you simply examine the cost to cool a certain amount globally, without regard to distribution of heat reduction, or any other side effect, then the shield has to be cheaper than 80-95% greenhouse gas reductions.

3. A limited stratospheric shield for the Arctic might be worth the risks. I believe RealClimate wrote about this idea in a very tentative but not-completely-dismissive tone, but I can't find the link. (Superfreakonomics also mentions it, but they seem not extremely interested.) The Arctic is experiencing so much warming and the atmosphere is somewhat isolated there, so it might be possible, maybe, to counteract the enhanced warming there without the repercussions elsewhere, if the aerosol particles actually stay in that region. It couldn't be done for a few decades until the ozone-depleting chemicals are gone from the stratosphere, but it shouldn't be done anytime soon anyway - this is an act of desperation. (UPDATE: John Mashey points to high-albedo, artificial rafts as a potentially useful "band-aid" approach for the loss of polar ice, and possibly ice elsewhere.)

4. Somewhat less contrarian: geoengineering on a global scale needs to be researched and kept in mind as a last resort for the worst-case scenarios. If 50 years from now we find ourselves on a trajectory to a Lovelock-type scenario involving deaths of billions, or even a somewhat less-bad outcome, then smogging up the earth's stratosphere and hoping for the best might be worth rolling the dice. I think this position isn't all that unusual, even if Al Gore might disagree with it. By contrast, people like James Annan and William Connolley probably shouldn't be interested in geoengineering because they don't think the worst-case scenarios are plausible.
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Okay, so much for being generous to Superfreakonomics. I'll just add two points that haven't been discussed too much. First, the authors have occasionally defended the stratospheric shield approach as a complement and not a substitute for carbon mitigation. But if that's the case, why do they keep talking about how much cheaper it is? And the failure as far as I can tell to admit in the book that we need to drastically cut emissions means they're trying to have it both ways - show a radical solution to those not paying close attention, and then running it backwards when caught.

Second, they seem to think it would be easy to determine that that shield isn't worth its side effects and turn it off if appropriate. I'm not so sure. If a powerful country or number of countries reached the point where they felt it was in their interest to smog the stratosphere, I expect they'd be very resistant to arguments that an ongoing drought in Africa means they should cut it out and drastically reduce carbon emissions instead. Just as we see massive foot-dragging today to the idea that we're causing warming, I expect a lot of self-interested denial would occur as to whether it's necessary to gut the shield.

One other point that has been mentioned but is still worth highlighting is this excellent Michael Tobis piece on removing carbon versus interfering with sunlight - two radically different approaches.



Unrelated bonus blogging: soldier fly composting. I get flies in my worm bin anyway, so this might be the solution.


UPDATE: forgot to mention that a critical comment I submitted to the Freakonomics blog was never published. Maybe it just fell through the Internet cracks.