ability-competence   19

Inventor CEOs - Marginal REVOLUTION
One in five U.S. high-technology firms are led by CEOs with hands-on innovation experience as inventors. Firms led by “Inventor CEOs” are associated with higher quality innovation, especially when the CEO is a high-impact inventor. During an Inventor CEO’s tenure, firms file a greater number of patents and more valuable patents in technology classes where the CEO’s hands-on experience lies. Utilizing plausibly exogenous CEO turnovers to address the matching of CEOs to firms suggests these effects are causal. The results can be explained by an Inventor CEO’s superior ability to evaluate, select, and execute innovative investment projects related to their own hands-on experience.
econotariat  marginal-rev  commentary  study  summary  economics  industrial-org  management  leadership  the-world-is-just-atoms  realness  nitty-gritty  innovation  novelty  business  growth-econ  ability-competence  intellectual-property 
july 2019 by nhaliday
Plague of Frogs | West Hunter
For a few years the herpetologists were concerned yet happy. Concerned, because many frog populations were crashing and some were going extinct. Happy, because confused puppies in Washington were giving them money, something that hardly ever happens to frogmen. The theory was that amphibians were ‘canaries in a coal mine’, uniquely sensitive to environmental degradation.


It took some time for herpetologists to admit that this chytrid fungus is the main culprit – some are still resisting. First, it was a lot like how doctors resisted Semmelweiss’ discoveries about the cause of puerperal fever – since doctors were the main method of transmission. How did this fungus get to the cloud forests of Costa Rica? On the boots of herpetologists, of course.

The second problem is Occam’s butterknife: even though this chytrid fungus is the main culprit, it’s just got to be more complicated than that. Even if it isn’t. People in the life sciences – biology and medicine – routinely reject simple hypotheses that do a good job of explaining the data for more complex hypotheses that don’t. College taught them to think – unwisely.
west-hunter  scitariat  reflection  stories  troll  lol  science  low-hanging  occam  parsimony  bio  medicine  meta:medicine  ability-competence  explanans  disease  parasites-microbiome  spreading  world  nature  environment  climate-change  hypochondria  academia  questions  epidemiology  incentives  interests 
february 2018 by nhaliday
Unaligned optimization processes as a general problem for society
TL;DR: There are lots of systems in society which seem to fit the pattern of “the incentives for this system are a pretty good approximation of what we actually want, so the system produces good results until it gets powerful, at which point it gets terrible results.”


Here are some more places where this idea could come into play:

- Marketing—humans try to buy things that will make our lives better, but our process for determining this is imperfect. A more powerful optimization process produces extremely good advertising to sell us things that aren’t actually going to make our lives better.
- Politics—we get extremely effective demagogues who pit us against our essential good values.
- Lobbying—as industries get bigger, the optimization process to choose great lobbyists for industries gets larger, but the process to make regulators robust doesn’t get correspondingly stronger. So regulatory capture gets worse and worse. Rent-seeking gets more and more significant.
- Online content—in a weaker internet, sites can’t be addictive except via being good content. In the modern internet, people can feel addicted to things that they wish they weren’t addicted to. We didn’t use to have the social expertise to make clickbait nearly as well as we do it today.
- News—Hyperpartisan news sources are much more worth it if distribution is cheaper and the market is bigger. News sources get an advantage from being truthful, but as society gets bigger, this advantage gets proportionally smaller.


For these reasons, I think it’s quite plausible that humans are fundamentally unable to have a “good” society with a population greater than some threshold, particularly if all these people have access to modern technology. Humans don’t have the rigidity to maintain social institutions in the face of that kind of optimization process. I think it is unlikely but possible (10%?) that this threshold population is smaller than the current population of the US, and that the US will crumble due to the decay of these institutions in the next fifty years if nothing totally crazy happens.
ratty  thinking  metabuch  reflection  metameta  big-yud  clever-rats  ai-control  ai  risk  scale  quality  ability-competence  network-structure  capitalism  randy-ayndy  civil-liberty  marketing  institutions  economics  political-econ  politics  polisci  advertising  rent-seeking  government  coordination  internet  attention  polarization  media  truth  unintended-consequences  alt-inst  efficiency  altruism  society  usa  decentralized  rhetoric  prediction  population  incentives  intervention  criminal-justice  property-rights  redistribution  taxes  externalities  science  monetary-fiscal  public-goodish  zero-positive-sum  markets  cost-benefit  regulation  regularizer  order-disorder  flux-stasis  shift  smoothness  phase-transition  power  definite-planning  optimism  pessimism  homo-hetero  interests  eden-heaven  telos-atelos  threat-modeling  alignment 
february 2018 by nhaliday
Deliberate Practice and Performance in Music, Games, Sports, Education, and Professions: A Meta-Analysis
We found that deliberate practice explained 26% of the variance in performance for games, 21% for music, 18% for sports, 4% for education, and less than 1% for professions. We conclude that deliberate practice is important, but not as important as has been argued.
pdf  study  psychology  cog-psych  social-psych  teaching  tutoring  learning  studying  stylized-facts  metabuch  career  long-term  music  games  sports  education  labor  data  list  expert-experience  ability-competence  roots  variance-components  top-n  meta-analysis  practice  quixotic 
december 2017 by nhaliday
Relative Quality of Foreign Nurses in the United States
We find a positive wage premium for nurses educated in the Philippines, but not for foreign nurses educated elsewhere. The premium peaked at 8% in 2000, and decreased to 4% in 2010.
pdf  study  economics  labor  industrial-org  migration  human-capital  healthcare  usa  asia  developing-world  general-survey  compensation  econ-productivity  data  ability-competence  quality 
december 2017 by nhaliday
Evidence-based | West Hunter
The central notion of evidence-based medicine is that our understanding of human biology is imperfect. Some of the idea we come up with for treating and preventing disease are effective, but most are not, worse than useless. So we need careful, rigorous statistical studies before implementing those ideas on a wide scale. A good example of doing this the wrong way was when when doctors started recommending having babies sleep prone, which roughly doubled the incidence of sudden infant death syndrome for the next several decades.

It seems to me that our understanding of psychology, sociology, economics, political science, and education is at least as imperfect as our understanding of biomedicine.

“Measure twice, cut once” – can’t get much more elitist than that!

Carefully testing innovations on a small scale before widely implementing them is pretty much the opposite of what self-appointed elites have done. Are you deef or something?

To the extent that they diverge from accepted best practice, physicians, on average, add negative value. I’ve seen this in action, and statistical studies back it up. In other words, Gregory House is a fictional character.
west-hunter  scitariat  discussion  truth  westminster  social-science  academia  psychology  social-psych  sociology  economics  polisci  education  medicine  meta:medicine  evidence-based  empirical  elite  technocracy  cochrane  best-practices  marginal  multi  poast  vampire-squid  humility  reason  ability-competence  the-watchers 
september 2017 by nhaliday
Halsey’s Typhoon | West Hunter
Halsey fucked up, repeatedly. It’s obvious even to fictional characters, like Marko Ramius in The Hunt For Red October. If not for pressure from the top, Halsey would have been relieved. But Nimitz had reasons for sparing him. Not ones I agree with, but reasons. Halsey was an important symbol of the Navy to the general public, and it was thought that letting it all hang out would hurt the Navy in the expected budgetary fights after the war. And to be fair, Halsey wasn’t a traitor or anything: he was just dumb. Or, as a kinder person than I once said, by 1944, the war had become too complicated for Halsey.

Christ, they gave Halsey five stars, more than Spruance.

Problem is, this seems to be standard policy. Once you soar above a certain level, you never get punished for fucking up. Mangle a major company (like HP) and they whip you with hundred dollar bills – your failure is the stepping stone to a Presidential campaign. Invade the wrong country, turn another into an anarchic sand pile, misread the Soviet Union as the coming thing – you have foreign policy ‘experience’. Reminds me of an 11 year old’s definition of experience – what you have after you’ve forgotten her name..
west-hunter  scitariat  history  mostly-modern  military  war  leadership  management  stories  realness  error  rant  critique  bounded-cognition  info-dynamics  coordination  oceans  japan  asia  counter-revolution  alt-inst  organizing  usa  alien-character  power  progression  expert-experience  elite  ability-competence  russia  communism  track-record  statesmen  old-anglo  big-peeps  reflection  world-war  cynicism-idealism 
june 2017 by nhaliday
A sense of where you are | West Hunter
Nobody at the Times noticed it at first. I don’t know that they ever did notice it by themselves- likely some reader brought it to their attention. But this happens all the time, because very few people have a picture of the world in their head that includes any numbers. Mostly they don’t even have a rough idea of relative size.

In much the same way, back in the 1980s,lots of writers were talking about 90,000 women a year dying of anorexia nervosa, another impossible number. Then there was the great scare about 1,000,000 kids being kidnapped in the US each year – also impossible and wrong. Practically all the talking classes bought into it.

You might think that the people at the top are different – but with a few exceptions, they’re just as clueless.
west-hunter  scitariat  commentary  discussion  reflection  bounded-cognition  realness  nitty-gritty  calculation  fermi  quantitative-qualitative  stories  street-fighting  mental-math  being-right  info-dynamics  knowledge  hi-order-bits  scale  dysgenics  drugs  death  coming-apart  opioids  elite  ability-competence  rant  decision-making 
may 2017 by nhaliday
Faces in the Clouds | West Hunter
This was a typical Iraq story: somehow, we had developed an approach to intelligence that reliably produced fantastically wrong answers, at vast expense. What so special about Iraq? Nothing, probably – except that we acquired ground truth.

Those weren’t leads, any more than there are really faces in the clouds. They were excuses to sell articles, raise money, and finally one extra argument in favor of a pointless war. Without a hard fact or two, it’s all vapor, useless.

Our tactical intelligence was fine in the Gulf War, but that doesn’t mean that the military, or worse yet the people who make and influence decisions had any sense, then or now.

For example, I have long had an amateur interest in these things, and I got the impression, in the summer of 1990, that Saddam Hussein was about to invade Kuwait. I was telling everyone at work that Saddam was about to invade, till they got bored with it. This was about two weeks before it actually happened. I remember thinking about making a few investments based on that possible event, but never got around to, partly because I was really sleepy, since we had a month-old baby girl at home.

As I recall, the “threat officer” at the CIA warned about this, but since the higher-ups ignored him, his being correct embarrassed them, so he was demoted.

The tactical situation was as favorable as it ever gets, and most of it was known. We had near-perfect intelligence:: satellite recon, JSTARS, etc Complete air domination, everything from Warthogs to F-15s. . Months to get ready. A huge qualitative weapons superiority. For example, our tanks outranged theirs by about a factor of two, had computer-controlled aiming, better armor, infrared sights, etc etc etc etc. I counted something like 13 separate war-winning advantages at the time, and that count was obviously incomplete.. And one more: Arabs make terrible soldiers, generally, and Iraqis were among the worst.

But I think that most of the decisionmakers didn’t realize how easy it would be – at all – and I’ve never seen any sign that Colin Powell did either. He’s a “C” student type – not smart. Schwartzkopf may have understood what was going on: for all I know he was another Manstein, but you can’t show how good you are when you beat a patzer.

For me it was a hobby – I was doing adaptive optics at the time in Colorado Springs. All I knew about particular military moves was from the newspapers, but my reasoning went like this:

A. Kuwait had a lot of oil. Worth stealing, if you could get away with it.

B. Kuwait was militarily impotent and had no defense treaty with anyone. Most people found Kuwaitis annoying.

C. Iraq owed Kuwait something like 30 billion dollars, and was generally deep in debt due to the long conflict with Iran

D. I figured that there was a fair chance that the Iraqi accusations of Kuwaiti slant drilling were true

E. There were widely reported Iraqi troop movements towards Kuwait

F. Most important was my evaluation of Saddam, from watching the long war with Iran. I thought that Saddam was a particular combination of cocky and stupid, the sort of guy to do something like this. At the time I did not know about April Glaspie’s, shall we say, poorly chosen comments.
west-hunter  scitariat  discussion  MENA  iraq-syria  stories  intel  track-record  generalization  truth  error  wire-guided  priors-posteriors  info-dynamics  multi  poast  being-right  people  statesmen  usa  management  incentives  impetus  energy-resources  military  arms  analysis  roots  alien-character  ability-competence  cynicism-idealism 
april 2017 by nhaliday
Enigma | West Hunter
The modern consensus is that breaking Enigma shortened the war by at least a year.

Although a number of highly-placed people knew the story, some because they had been personally involved during WWII, the successful decryption of Enigma was kept secret until 1974, when F. W. Winterbotham published The Ultra Secret.

Most historians didn’t know about it. Without that information, the course of World War II can’t really have made sense. Why didn’t anyone notice?

various WW2 trivia in the comments/corrections

high school:
They couldn’t hide an anomalous level of success. In fact, the Germans came to realize that the Allies had some kind of intelligence edge, but never managed to figure out what it was. When your opponent anticipates your moves, you must eventually notice.

Professional historians, after the war, don’t seem to have noticed anything anomalous. I find this revealing because _I_ noticed that things had gone weirdly smoothly while I was still in high school. I wrote an essay about it.

I wish I still had it around. I didn’t manage to guess how many rotors Enigma had, for sure. I only talked about how mysteriously well things had gone, didn’t know why. I remember the conclusion: God protects drunks, babies, and the United States of America.
west-hunter  rant  history  social-science  war  intel  mostly-modern  error  bounded-cognition  contradiction  descriptive  realness  being-right  scitariat  info-dynamics  track-record  great-powers  world-war  questions  truth  multi  poast  canon  alt-inst  thick-thin  open-closed  trivia  ability-competence  letters  expert-experience  explanans  inference  technology  crypto  people  theos  religion  aphorism  reflection 
november 2016 by nhaliday
The Son Also Rises | West Hunter
It turns out that you can predict a kid’s social status better if you take into account the grandparents as well as the parents – and the nieces/nephews, cousins, etc. Which means that you’re estimating the breeding value for moxie – which means that Clark needs to read Falconer right now. I’d guess that taking into account grandparents that the kids never even met, ones that died before their birth, will improve prediction. Let the sociologists chew on that.


If culture was the driver, a group could just adopt a different culture (it happens) and decide to be the new upper class by doing all that shit Amy Chua pushes, or possibly by playing cricket. I don’t believe that this ever actually occurs. Although with genetic engineering on the horizon, it may be possible. Of course that would be cheating.

It is hard to change these patterns very much. Universal public education, fluoridation, democracy, haven’t made much difference. I do think that shooting enough people would. Or a massive application of droit de seigneur, or its opposite.


If moxie is genetic, most economists must be wrong about human capital formation. Having fewer kids and spending more money on their education has only a modest effect: this must be the case, given slow long-run social mobility. It seems that social status is transmitted within families largely independently of the resources available to parents. Which is why Ashkenazi Jews could show up at Ellis Island flat broke, with no English, and have so many kids in the Ivy League by the 1920s that they imposed quotas. I’ve never understood why economists ever believed in this.

Moxie is not the same thing as IQ, although IQ must be a component. It is also worth remembering that this trait helps you acquire status – it is probably not quite the same thing as being saintly, honest, or incredibly competent at doing your damn job.

books  summary  west-hunter  review  mobility  🌞  c:**  🎩  2014  spearhead  gregory-clark  biodet  legacy  assortative-mating  long-short-run  signal-noise  latent-variables  age-generation  scitariat  broad-econ  s-factor  flux-stasis  multi  models  microfoundations  honor  integrity  ability-competence  impact  regression-to-mean  agri-mindset  alt-inst  economics  human-capital  interdisciplinary  social-science  sociology  sports  analogy  examples  class  inequality  britain  europe  nordic  japan  korea  china  asia  latin-america 
november 2016 by nhaliday
Low-hanging fruit | West Hunter
Think about it: peptic and duodenal ulcer were fairly common, and so were effective antibiotics, starting in the mid-40s. . Every internist in the world – every surgeon – every GP was accidentally curing ulcers – not just one or twice, but again and again. For decades. Almost none of them noticed it, even though it was happening over and over, right in front of their eyes. Those who did notice were ignored until the mid-80s, when Robin Warren and Barry Marshall finally made the discovery stick. Even then, it took something like 10 years for antibiotic treatment of ulcers to become common, even though it was cheap and effective. Or perhaps because it was cheap and effective.

This illustrates an important point: doctors are lousy scientists, lousy researchers. They’re memorizers, not puzzle solvers. Considering that Western medicine was an ineffective pseudoscience – actually, closer to a malignant pseudoscience – for its first two thousand years, we shouldn’t be surprised. Since we’re looking for low-hanging fruit, this is good news. It means that the great discoveries in medicine are probably not mined out. From our point of view, past incompetence predicts future progress. The worse, the better!
stagnation  science  history  medicine  innovation  technology  west-hunter  low-hanging  meta:medicine  the-world-is-just-atoms  🔬  scitariat  info-dynamics  bounded-cognition  error  chart  econotariat  marginal-rev  being-right  ideas  discovery  the-trenches  s:*  alt-inst  ability-competence  cost-benefit  track-record  problem-solving  puzzles 
november 2016 by nhaliday

related tags

2014  academia  advertising  advice  age-generation  agri-mindset  ai-control  ai  albion  alien-character  alignment  allodium  alt-inst  altruism  analogy  analysis  anglo  aphorism  arbitrage  arms  art  asia  assortative-mating  attention  behavioral-gen  being-right  best-practices  big-peeps  big-picture  big-yud  bio  biodet  biophysical-econ  books  bounded-cognition  bret-victor  britain  broad-econ  business  c:**  calculation  canon  capitalism  career  carmack  chart  checking  checklists  chicago  china  civil-liberty  class  clever-rats  client-server  climate-change  cochrane  cog-psych  cold-war  coming-apart  commentary  communism  compensation  complex-systems  contradiction  contrarianism  coordination  correlation  cost-benefit  counter-revolution  criminal-justice  critique  crooked  crypto  cynicism-idealism  data-science  data  dataviz  dbs  death  decentralized  decision-making  defense  definite-planning  degrees-of-freedom  descriptive  design  developing-world  devops  devtools  direction  discipline  discovery  discussion  disease  distributed  drugs  dysgenics  econ-productivity  economics  econotariat  eden-heaven  education  efficiency  elite  empirical  energy-resources  engineering  environment  epidemiology  error  essay  estimate  europe  events  evidence-based  examples  exocortex  expert-experience  explanans  externalities  fermi  flux-stasis  form-design  formal-methods  frontend  frontier  galor-like  games  general-survey  generalization  genetics  giants  gnxp  good-evil  government  great-powers  gregory-clark  growth-econ  healthcare  heterodox  hi-order-bits  history  homo-hetero  honor  hsu  human-capital  humility  hypochondria  ideas  illusion  impact  impetus  incentives  industrial-org  inequality  inference  info-dynamics  innovation  institutions  integrity  intel  intellectual-property  interdisciplinary  interests  interface-compatibility  internet  intervention  intricacy  iraq-syria  japan  jargon  javascript  jobs  kinship  knowledge  korea  labor  language  latent-variables  latin-america  law  leadership  learning  legacy  lens  let-me-see  letters  lexical  links  list  lol  long-short-run  long-term  low-hanging  management  marginal-rev  marginal  marketing  markets  math  measure  media  medicine  mena  mental-math  meta-analysis  meta:medicine  meta:rhetoric  metabuch  metal-to-virtual  metameta  metrics  michael-nielsen  microfoundations  migration  military  minimum-viable  mobility  models  monetary-fiscal  morality  mostly-modern  multi  music  nascent-state  nature  network-structure  nibble  nitty-gritty  nordic  notation  novelty  nuclear  null-result  occam  oceans  old-anglo  open-closed  opioids  optimism  order-disorder  org:com  organizing  parallax  parasites-microbiome  parsimony  paying-rent  pdf  people  pessimism  phase-transition  poast  polarization  policy  polisci  political-econ  politics  population-genetics  population  power  practice  pragmatic  prediction-markets  prediction  presentation  priors-posteriors  problem-solving  programming  progression  property-rights  pseudoe  psychology  public-goodish  puzzles  q-n-a  quality  quantitative-qualitative  questions  quixotic  quotes  randy-ayndy  rant  rationality  ratty  realness  reason  redistribution  reflection  regression-to-mean  regularizer  regulation  religion  rent-seeking  replication  reputation  responsibility  review  rhetoric  risk  roadmap  roots  russia  s-factor  s:*  scale  science  scitariat  self-control  selfish-gene  shift  shipping  signal-noise  skunkworks  smoothness  social-psych  social-science  society  sociology  software  spearhead  sports  spreading  stackex  stagnation  statesmen  stories  street-fighting  study  studying  stylized-facts  summary  system-design  talks  taxes  tcstariat  teaching  tech  technocracy  technology  techtariat  telos-atelos  tetlock  the-trenches  the-watchers  the-world-is-just-atoms  theos  thick-thin  thinking  threat-modeling  time-use  top-n  track-record  trivia  troll  truth  tutoring  unaffiliated  unintended-consequences  usa  vampire-squid  variance-components  vcs  video  visual-understanding  von-neumann  war  web  west-hunter  westminster  wire-guided  wonkish  working-stiff  world-war  world  worrydream  zero-positive-sum  🌞  🎩  🔬  🖥 

Copy this bookmark: