"Daniel Kahneman's view of the 2008 crash is eerily similar to my own:
Many people now say they knew a financial crisis was coming, but they didn't really. After a crisis we tell ourselves we understand why it happened and maintain the illusion that the world is understandable.Also:
Economists have a mystique among social scientists because they know mathematics. They are quite good at explaining what has happened after it has happened, but rarely before.Still, I can't agree when he says:
In fact, we should accept the world is incomprehensible much of the time.Given Kahneman's amazing track record of intellectual contributions, I don't think he really believes this either."
He thinks the agreement is eery - how do you think I felt when I realized I agreed with Bryan on every point!