It seems that people on average are overconfident in their own beliefs. But some people probably are unusually reliable. When there is a disagreement, these people are generally on the right side. If you are one of these people, then you would be better off (epistemically) following your own gut rather taking the advice of your friends. Of course, if you delude yourself in thinking your intuitions are more reliable even though they aren’t, then you’ll be worse off.
One response to this predicament is to take the advice of all your friends, on the argument that on average this makes people better off. One problem with this recommendation is that if only the best people follow it, then the net effect may be that average belief accuracy declines. "The problem with the world," wrote Bertrand Russell, "is that the stupid are cocksure and the intelligent are full of doubt." I’m not sure this is true with regard to intelligence, but if we substitue "wisdom", it may be more plausible. The modesty response could amplify the problem.
Is there a better way?
Continue reading "A game for self-Calibration?" »
loading...


