| | Jordan, thank you for responding. You admit:
I don't see the fallacy you're talking about. It's where you take something (e.g., markets) that no longer requires proof, and you sit there and demand proof, instead of accepting the known reality and adjusting arguments to that reality. Here's a simple example of the fallacy:
You roll a pair of dice 10 times and you don't get any "snake eyes" (i.e., a roll of "two"). You keep rolling the dice and notice that you hardly ever get snake eyes. You find, with repeated investigations, that you don't ever get a predominance of "snake eyes" (more than 50) -- for every 100-roll stretch that you investigate. You have an "Aha!" moment, and develop the hypothesis that snake eyes won't predominate in 100-roll stretches of dice-rolling. Years later, you are still doing your rolling, and still getting this same result.
I come along and ask you what you are doing. You say that you're just double-checking something empirically, to see if your hypothesis is true. When I hear about your hypothesis (that you predict that you aren't going to get over 50 snake eyes in any 100-roll stretch), then I laugh. I ask you to stop your dice rolling for a second so that we can sit down and talk. I proceed to tell you that there is something in the very nature of dice rolling which -- without (any further) experiment -- which will allow you to be more sure than that your car will start tomorrow, that you won't get over 50 snake eyes in a 100-roll stretch.
You retort that my being able to (supposedly) know this -- without empirical investigation into the matter -- must be a matter of faith -- because we only ever know those things that are a result of direct (read: radical) empirical-investigation, not ever anything beyond that. How could I know that it's more probable that your car won't start (something on which you rely upon daily) than that you'd get this predominance of snake eyes? How could I know that questioning your hypothesis is epistemologically wrong, because of the astronomic possibility involved?
You tell me that your years of empirical investigation into this dice-rolling matter aren't a waste of your time, because empirical investigation is the only way to know things. You tell me that when folks claim to know something which they haven't personally empirically-investigated, then that means that they're depending on faith. I criticize you for incorrectly using your mind, and for the harm -- or, at least, non-benefit -- that will result from you using your mind that way. I tell you that you are unwittingly using a logical fallacy -- though I'm not sure it has been named yet (by logicians).
Do you see this fallacy now (in the dice example above)?
(I work with rationality all day, fyi.)
;-)
Ed
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