Every year, The Edge.org posÂes a thought-proÂvokÂing quesÂtion to 150+ engagÂing thinkers, and the answers nevÂer disÂapÂpoint. This year, they throw out the quesÂtion: How is the InterÂnet ChangÂing the Way You Think? In this colÂlecÂtion, you will find answers by George Dyson, Clay Shirky, Tim O’ReilÂly, MarisÂsa MayÂer, Richard Dawkins and many more. Below, I’ve includÂed an excerpt from NasÂsim Taleb (author of The Black Swan), who has a less sanÂguine outÂlook on how the interÂnet is changÂing our world. He writes:
I used to think that the probÂlem of inforÂmaÂtion is that it turns homo sapiÂensinto fools — we gain disÂproÂporÂtionÂateÂly in conÂfiÂdence, parÂticÂuÂlarÂly in domains where inforÂmaÂtion is wrapped in a high degree of noise (say, epiÂdemiÂolÂoÂgy, genetÂics, ecoÂnomÂics, etc.). So we end up thinkÂing that we know more than we do, which, in ecoÂnomÂic life, causÂes foolÂish risk takÂing. When I startÂed tradÂing, I went on a news diet and I saw things with more clarÂiÂty. I also saw how peoÂple built too many theÂoÂries based on sterÂile news, the fooled by ranÂdomÂness effect. But things are a lot worse. Now I think that, in addiÂtion, the supÂply and spread of inforÂmaÂtion turns the world into ExtremÂisÂtan (a world I describe as one in which ranÂdom variÂables are domÂiÂnatÂed by extremes, with Black Swans playÂing a large role in them). The InterÂnet, by spreadÂing inforÂmaÂtion, causÂes an increase in interÂdeÂpenÂdence, the exacÂerÂbaÂtion of fads (bestÂsellers like HarÂry PotÂter and runs on the banks become planÂeÂtary). Such world is more “comÂplex”, more moody, much less preÂdictable.
So conÂsidÂer the exploÂsive sitÂuÂaÂtion: more inforÂmaÂtion (parÂticÂuÂlarÂly thanks to the InterÂnet) causÂes more conÂfiÂdence and illuÂsions of knowlÂedge while degradÂing preÂdictabilÂiÂty.
You can find TaleÂb’s full answer here, and the entire colÂlecÂtion of thoughts here. If you want to tell us how the interÂnet has changed the world for you, please add your thoughts to the comÂments secÂtion below.
An excelÂlent, thought proÂvokÂing artiÂcle.
Yes, it’s true the fact that we gain in conÂfiÂdence, gainÂing access to some inforÂmaÂtion, but overÂlookÂing othÂers. Great artiÂcle, indeed.
It is very much inforÂmaÂtion overÂload and peoÂple no longer think for themÂselves. MarÂket moves become more extreme and quickÂer as many peoÂple now have access to the same data as the proÂfesÂsionÂals.
Crowd sourcÂing is very powÂerÂful but also very danÂgerÂous if you are not an indiÂvidÂual who can stop, think and move against comÂmon opinÂion.
This ArtiÂcle gives more inforÂmaÂtion..
http://www.fortuneinfotech.co.uk/