I always wondered about this. People seem to beg for some since of control no matter what the proof shows. We all seem to look for things to confirm our beliefs. Facts seem to matter very little. How else can you explain politics?
Paying for “Transparently Useless Advice”
According to a new study, yes. Even when they know that it’s useless. Researchers Nattavudh Powdthavee and Yohanes E. Riyanto investigated why people pay for advice about the future, particularly since the future is generally unpredictable (see our “Folly of Prediction” podcast on this topic). Their starting point: Why do humans pay for advice about the future when most future events are predominantly random? What explains, e.g., the significant ...
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