Of Swans And Turkeys (Dmitry Orlov)

  Dmitry Orlov -- ClubOrlov

  Feb. 27, 2009 -- On Monday I was on Equal Time Radio with Carl Etnier, WDEV, Waterbury, Vermont. The other guest was the technological optimist William Halal, author of Technology's Promise: Expert Knowledge on the Transformation of Business and Society. Halal claims to be able predict the future of industrial civilization by talking to experts in different technology fields and then putting all of their predictions about their own fields together as a single map of things to come.

    My immediate reaction was along the lines of "Of course experts in any given field like to think that their field has a bright future!" and only later did it occur to me to put him in the context of Nassim Taleb's work, allowing me to formulate a better response.

Taleb is known for introducing us to black swans (reality-altering observations that invalidate earlier conventional wisdom) but another animal he should be rightly famous for is the Christmas turkey. Taleb says that asking an economist to predict the future is like asking the Christmas turkey what's for dinner on Christmas: based on its entire lifetime of experience, the turkey expects to be fed on Christmas, not to be eaten. As far as the turkey is concerned, Christmas is a black swan-type event.

  But yesterday it occurred to me that this analogy extends to all professionals, and certainly to technologists and scientists: when asked about the future of, say, nanotubes, or nuclear fusion, or genetic engineering, they will predict that it's bright, and continue to say so until the day their grants are canceled, their salaried positions eliminated, and their labs shut down for political and macroeconomic reasons they are ill-equipped to try to comprehend.

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