Epistemic Luck/ ChatGPT Prompts/ Some Easy Finance Tips

Leave a Comment

Dear all,

Epistemic luck is a term used in philosophy to describe situations where our beliefs or knowledge are based on luck rather than reliable evidence or good reasoning. It basically means that sometimes we can think we know something, but we only believe it by chance, without having good reasons to back it up.

Imagine you're taking a multiple-choice test and you don't know the correct answer to a question. You randomly guess and happen to get it right. Even though you got the answer correct, your belief that you knew the answer was based on luck rather than actually knowing the material. You just got lucky with your guess.

Epistemic luck can also occur in everyday situations. For example, let's say you're trying to find your car keys. You look in all the usual places and can't find them, so you randomly decide to check your coat pocket and there they are. You found your keys, but it was purely by chance rather than any careful searching. In this case, your belief that your keys were in your coat pocket was based on luck, not any reliable evidence.

Epistemic luck shows us that sometimes we might think we know something, but it's important to be aware that our beliefs can be unreliable if they are based on chance or luck. To have true knowledge, it's better to rely on solid evidence, good reasoning, and careful thinking.


**One Video I Enjoyed**

The Komodo dragon is the largest lizard species alive today. It can eat up to 80% of its body weight in a single meal, mostly carrion. However, the sight of a deer being swallowed whole by a Komodo dragon is truly impressive.

https://youtu.be/bvIqv4f-HQo


**Two Tweets I Enjoyed and Liked**

Aadit Sheth shared some of the ChatGPT prompts that make life much easier.

https://twitter.com/aaditsh/status/1673376153284022276

Some of the highly useful finance lessons shared by Fiona.

https://twitter.com/The_MMW/status/1673315682660896770


**Three New Websites I Enjoyed and Liked**

  1. A recreation of former PM Abe's assassination.

  1. Shadow library is a non-profit open-source open-data project with two goals:

Preservation: Backing up all knowledge and culture of humanity.

Access: Making this knowledge and culture available to anyone in the world.

  1. Newsreels from the UCLA Film & Television Archive


**Three Quotes and Phrases I Liked**

Ambitions pull you forward when it's hard.

"Action may not always bring happiness, but there is no happiness without action."— Benjamin Disraeli, former British Prime Minister

"Beliefs are hypotheses to be tested, not treasures to be guarded."


**Two Write Ups I Enjoyed and Liked**

  1. Why Leaning Into Boredom Is a Superpower. Researchers explain how to take advantage of the misunderstood state

https://www.insidehook.com/article/health-and-fitness/boredom-good-you

  1. How to Survive a Car Crash in 10 Easy Steps.

https://longreads.com/2023/05/11/how-to-survive-a-car-crash-traumatic-brain-injury-10-easy-steps/


**One Photo I Enjoyed and Liked**

Source: Wikimedia

The great comet of 1881 (Comet C/1881 K1). Observed on the night of June 25-26 at 1h. 30m. A.M. (Plate XI from The Trouvelot Astronomical Drawings 1881)

Thanks

Xoxo

Read More

Bat and Ball Problem/ Excercise for Losing Weight/Human History in 1000 pages.

Leave a Comment

The Bat and Ball Problem is a classic riddle that challenges your ability to think carefully and not jump to quick conclusions. Here's the problem:

You have a bat and a ball. Together, they cost $1.10. The bat costs $1.00 more than the ball. How much does the ball cost?

Now, the mistake many people make is to quickly assume that the ball costs $0.10. However, that would make the bat cost $1.10, not $1.00 more than the ball.

To solve the problem correctly, you need to do a little math. Let's call the cost of the ball 'x' dollars. Since the bat costs $1.00 more than the ball, its cost would be 'x + $1.00'.

Now, if we add the cost of the ball and the bat together, it should equal $1.10. So we can write the equation:

x + (x + $1.00) = $1.10

Now, we can simplify this equation:

2x + $1.00 = $1.10

Subtract $1.00 from both sides:

2x = $0.10

Divide both sides by 2:

x = $0.05

So, the correct answer is that the ball costs $0.05. The bat, being $1.00 more expensive, would then cost $1.05.

The Bat and Ball Problem teaches us the importance of careful reasoning and not jumping to conclusions based on initial assumptions.

**One Video I Enjoyed**

This time something entertaining.

**Two Tweets I Enjoyed and Liked**

  • Some random thoughts worth to look for.

https://twitter.com/editingemily/status/1666834553544261632

  • 12 Simple Excercise to Lose Weight.

https://twitter.com/AndreasPetker/status/1664950403245432833

**Three New Websites I Enjoyed and Liked**

  • Calculator with a twist -

https://numbr.dev/

  • Trolly problem that's really absurd.

https://trolleyproblem.io/

https://neal.fun/absurd-trolley-problems/

  • Only burps.

https://justburps.com/

**Three Quotes and Phrases I Liked**

"Don't worry about people stealing your ideas. If your ideas are any good, you'll have to ram them down people's throats."

"Wanting to be someone else is a waste of the person you are."--Marilyn Monroe.

"There is no higher praise than being called a fraud. When you're accused of faking your results, that means you're so good your haters can't imagine replicating your outcomes without 'pure dumb luck.' "

**Two Write Ups I Enjoyed and Liked**

Generate a super fun and interesting report of things that happened since you were born.

Click here

The Ultimate List of Book Genres: 35 Popular Genres, Explained.

Click here

**One Photo I Enjoyed and Liked**

If Human History Was a 1000 Page Book

Wait But Why on Instagram: "Pretty crazy that until 150 years ago people lived in a permanent power outage. The power being on is entirely a page 1,000 phenomenon. Along with cars, trains, planes, phones, radio, vaccines, antibiotics, hot showers, indoor plumbing, fossil fuels, modern liberal democracies, and basically everything else."
June 16, 2023

Thanks

Xoxo


Read More

Woozle Effect/Shape of Stories/Oldest Personal Website/Remote Control Fan

Leave a Comment

Dear all

On 31st of October 2023 my palm was itching. 

Seeing this my wife said money is coming. 

For those who don't know, itchy palms ✋ mean that money πŸ’΅ is coming your way.

Atleast we Indian believe in it. And guess what salary credited in my bank account πŸ˜‚.

Their are many more such beliefs and superstitions are floating around the world which has no scientific or reliable base.

Source: Picture taken on January 2nd 2007 in Jaipur, India by fr:utilisateur:Paris75000

So, this experience leads to today's term "The Woozle Phenomenon or Effect". 

The Woozle effect is the phenomenon where a false or exaggerated claim is repeatedly cited as evidence until it is widely accepted as true.

This can happen because people tend to trust information that they see repeated from multiple sources, even if the original sources are unreliable.


It has some serious consequences.

- It may be harmful for your or public health. For example, someone who believes that cow urine can cure cancer may delay seeking conventional medical treatment, which can lead to serious health problems.

- False or exaggerated claims can be used to divide people and sow distrust.

- It may erode the trust on science and institutions.


The Woozle effect is a serious problem that can have a significant impact on individuals and society as a whole. It is important to be aware of the Woozle effect and to be critical of the information that you see and hear.


**One Video I Enjoyed** 

Kurt Vonnegut on the Shape of Stories.


Video Link πŸ–‡️ - https://youtu.be/oP3c1h8v2ZQ?si=hSZzQFx3BZg9CTMT



**Two Tweets I Enjoyed and Liked**

▶️ 10 Thoughts on Reading from Naval.

Link πŸ”— - https://twitter.com/1WriteofPassage/status/1720872048250286104

▶️ By age 25, you must be mature enough to realize…

Link πŸ”— - https://twitter.com/TechnicalExec/status/1612060309400813570


**Three New Websites I Enjoyed and Liked**

πŸ‘‰ Hand-picked, informative and categorized Twitter threads.

The best Twitter threads all in one place. Choose from multiple categories: business, making money, book summaries and more.

Link πŸ”— - https://awesomethread.com/


πŸ‘‰ Personal website built by Justin Hall in 1994. He’s hailed as “the founding father of blogging.”

Link πŸ”— - https://links.net


πŸ‘‰ Experience the effect from movie inception 

Link πŸ”— - https://inception.activetheory.dev/


**Three Quotes and Phrases I Liked** 

Political language...is designed to make lies sound truthful and murder respectable, and to give an appearance of solidity to pure wind - George Orwell


Education is the ability to listen to almost anything without losing your temper or your self-confidence.”― Robert Frost


The way to get started is to quit talking and begin doing. -Walt Disney


**Two Write Ups I Enjoyed and Liked**

πŸ™ Best inventions of 2023.

https://time.com/collection/best-inventions-2023/


πŸ™ Naked beneath Our Clothes

Why I dragged my husband to a nudist resort.

https://commonreader.wustl.edu/c/naked-beneath-our-clothes/


**One Photo I Enjoyed and Liked**

Source: From Twitter 

**An Amazing/Weird/ Useful Product**

Crompton Energion Hyperjet 1200mm BLDC Ceiling Fan with Remote Control | High Air Delivery | Energy Saving | 2 Year Warranty | Brown

Affiliate Link πŸ‘‰: https://amzn.to/40F1Ha3 




Thanks


Xoxo 

Read More

Zebra Effect/Make Learning Addictive/Foot Spa

Leave a Comment
Dear all
Researchers always find difficulty in studying the nature, behaviour etc of perticular Zebras πŸ¦“ in the wild. 

Why?

Because the white and black stripes blends together when they travel in packs. So, scientist do something amazing. They place a big red colour dots on some of the Zebras which they want to study. They thought this will help in tracking that perticular Zebras in an easier way. 
But, something different happened. 
Those red dots ⚫ attracted someone else more. 



Those red-dotted zebras were eaten by lions 🦁.

It turns out that blending in with the pack is a survival mechanism.—

This phenomenon is known as Zebra Effect.

While blending in ensures safety, straying from the norm is necessary to achieve exceptional feats. 
Those who dared to appear unconventional in our class managed to create unique and impactful contributions and appeared happier overall, despite potential risks.

**One Video I Enjoyed** 

How to make learning addictive as social media.

**Two Tweets I Enjoyed and Liked**

πŸ‘‰40 Things Rockefeller wrote to his son.

πŸ‘‰Biggest trading mistakes people make.

**Three New Websites I Enjoyed and Liked**
πŸ‘‰This wonderful visualisation project highlights the gender inequality in street names in Barcelona.
Link πŸ”— - https://only8.org/

πŸ‘‰Top nonfiction books summarized into their essential ideas.
Learn much, much faster.Free to read. Zero ads. Two new summaries every week. Written and reviewed by a human.


πŸ‘‰A timepass game where we have to drench the board with a single colour to win the game. 

**Three Quotes and Phrases I Liked** 

"Anyone who stops learning is old, whether at twenty or eighty. Anyone who keeps learning stays young. The greatest thing in life is to keep your mind young." — Henry Ford

"It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent." - Charlie Munger

Silence is the best response to people who do not value your words.Don't give them the satisfaction of words.They don't deserve it.

**Two Write Ups I Enjoyed and Liked**

▶️ Why You Should Stop Using Plastic Cutting Boards Right Now.

▶️ Buy wisely.
Whenever I buy things I try to prioritize cost per use. Sometimes I consider other priorities such as cost per smile, cost per thrill, cost per externality, and cost per lesson.

**One Photo I Enjoyed and Liked**



Source


**An Amazing/Weird/ Useful Product**

Lifelong LLM405 Foot Spa Massager with 12 Rollers with Water Heating Function, Digital Panel, Bubble Bath for Pedicure, Pain Relief & Foot Care (1 Year Warranty)
Affiliate Link πŸ‘‰ https://amzn.to/3tWDkIF


Thanks

Xoxo 

Read More
Next PostNewer Posts Previous PostOlder Posts Home