Preference Falsification and Learning from Mistakes

10min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The speakers discuss the concepts of preference falsification and preference revealed preference, emphasizing the importance of asking why certain information is presented. They also explore the idea of learning from mistakes and making novel mistakes to gain valuable insights.

Julie Fredrickson is a former founder and the Managing Partner of Chaotic Capital, an “early stage fund for companies that adapt our lives and systems to the opportunities that chaos brings.” She joins the show to discuss the Great Weirding, becoming a playable character, how the market provides a muse, the power of preparation, and more! Important Links:

Show Notes:

Julie’s Origin Story
The Difference Between Hippies and Tech
“Circumstances change. Humanity does not. Plan accordingly.”
The Great Weirding
The Myth of the Perfect Past
How to Become a Playable Character
The Weirdo Lighthouse
The Power of Showing Up
How Julie Assesses Founders
Talent Doesn’t Matter
The Market is the Muse
“In the beginning, there was the word”
Preference Falsification vs. Revealed Preferences
Julie’s Revealed Preferences
“Prepare, and the opportunity will come”
Silicon Valley Is an Idea, Not a Place
The Open-Source Ethos
Julie as Empress of the World

Books Mentioned:

Bad Predictions: 2000 Years of the Best Minds Making the Worst Forecasts; by Laura Lee
The History of the Peloponnesian War; by Thucydides
Republic; by Plato
American Cycles of History: According to the Fourth Turning Generational Theory and The Boomer Soul 1946-2022; by William H. Van Marter Jr.
William Blake vs the World; by John Higgs
Julie, or the New Heloise; by Jean-Jacques Rousseau
The End of History and the Last Man; by Francis Fukuyama
The Peripheral; by William Gibson
Neuromancer; by William Gibson
The Fifth Science; by Exurb1a
The Science of Storytelling: Why Stories Make Us Human, and How To Tell Them Better; by Will Storr
Class: A Guide Through the American Status System; by Paul Fussell
What Works on Wall Street: The Classic Guide to the Best-Performing Investment Strategies of All Time; by Jim O’Shaughnessy
Singularity Sky; by Charles Stross
Marxism and Modernism; by Eugene Lunn
The Genius of the Beast: A Radical Re-Vision of Capitalism; by Howard Bloom