Beware of These Five Fallacies! | Episode 45 | Everything is Everything

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  • เผยแพร่เมื่อ 8 มิ.ย. 2024
  • Our brains are hardwired to think in ways suited to a pre-historic world -- which is why there are so many fallacies in our thinking!
    Welcome to Episode 45 of Everything is Everything, a weekly podcast hosted by Amit Varma and Ajay Shah.
    In this episode, Amit and Ajay discuss five foundational fallacies, and speak about how we can improve our thinking if we learn to recognise them and avoid them.
    Who can object to becoming a better thinker!
    Oh, and Amit's newsletter is furiously active again, so do read and subscribe at indiauncut.substack.com/
    If you like watching Everything is Everything, please like, subscribe, share, comment. :)
    TABLE OF CONTENTS:
    00:00 Packaging
    00:13 Introduction: Why Do We Fight?
    04:48 Chapter 1: The Zero-Sum Fallacy
    14:07 Chapter 2: The Fallacy of Composition
    22:29 Chapter 3: The Post-Hoc Fallacy
    37:52 Chapter 4: The Chess Pieces Fallacy
    42:21 Chapter 5: The Open-Ended Fallacy
    51:14 Chapter 6: Ajay’s Recco
    52:39 Chapter 7: Amit’s Recco
    USEFUL RESOURCES:
    1. Amit on Twitter: / amitvarma
    2. Ajay on Twitter: / ajay_shah
    3. The Seen and the Unseen -- Amit's audio podcast: seenunseen.in/
    (Also on all podcast apps. And TH-cam, though less than 1% of listens come from here: / @theseenandtheunseen )
    4. Ajay's organisation, XKDR Forum, on TH-cam: / @xkdr
    5. In Service of the Republic -- Vijay Kelkar and Ajay Shah: amzn.eu/d/hwGILb3
    6. The Art of Clear Writing -- Amit's writing course: indiauncut.com/clear-writing/
    7. The India Uncut Newsletter -- Amit's newsletter at indiauncut.substack.com/
    8. Economic Facts and Fallacies -- Thomas Sowell: amzn.in/d/8tFaEsx
    9. The Double 'Thank You' Moment -- John Stossel: abcnews.go.com/2020/story?id=...
    10. Why Freedom Matters -- Episode 10 of Everything is Everything: • Why Freedom Matters | ...
    11. Profit = Philanthropy -- Amit Varma: indiauncut.com/profit-philant...
    12. The Great Redistribution -- Amit Varma: indiauncut.com/the-great-redi...
    13. The Evolution of Cooperation -- Robert Axelrod: amzn.in/d/hNdJgy5
    14. What's Wrong With Indian Agriculture? -- Episode 18 of Everything is Everything: • What's Wrong With Indi...
    15. Tim Urban's tweet on getting to know people: / 1640409977893396481
    16. The Day Ryan Started Masturbating -- Amit Varma: indiauncut.substack.com/p/12-...
    17. ‘Wet Streets Cause Rain’ - Michael Crichton explains Gell-Mann Amnesia: / briefly-stated-the-gel...
    18. The Forgotten Man -- Amity Shlaes: amzn.in/d/4GQLz74
    19. Poker and Life -- Episode 38 of Everything is Everything: • Poker and Life | Episo...
    20. The Man of System - Adam Smith (excerpted from The Theory of Moral Sentiments): www.libertarianism.org/public...
    21. The Fatal Conceit: The Errors of Socialism -- Friedrich Hayek: amzn.in/d/1r3pl2L
    22. The Use of Knowledge in Society - Friedrich Hayek: www.econlib.org/library/Essay...
    23. Four Papers That Changed the World -- Episode 41 of Everything is Everything: • Four Papers That Chang...
    24. The Selfish Gene -- Richard Dawkins: amzn.in/d/8LyI27d
    25. Untitled -- Leonard Cohen: www.tumblr.com/apoemaday/6520...
    26. Understanding the State -- Episode 25 of Everything is Everything: • Understanding the Stat...
    27. When Should the State Act? -- Episode 26 of Everything is Everything: • When Should the State ...
    28. The Economics and Politics of Vaccines -- Episode 223 of The Seen and the Unseen (w Ajay Shah): • Ep 223: The Economics ...
    29. Declutter -- Episode 30 of Everything is Everything: • Declutter | Episode 30...
    30. Why We Fight: The Roots of War and the Paths to Peace -- Christopher Blattman: amzn.in/d/j9EYqg9
    31. The Three Languages of Politics -- Arnold Kling: amzn.in/d/8crgQl8
    32. In My Tribe -- Arnold Kling's newsletter: arnoldkling.substack.com/
    33. The Populist Playbook -- Episode 42 of Everything is Everything: • The Populist Playbook ...
    Produced by Amit Varma
    Shot by Vaishnav Vyas and Nomsita MS Haritashya: / vaishnav.vyas
    Edited by Nomsita MS Haritashya: / nomsitaharitashya
    Thanks to Gaurav Chintamani for helping with sound: / gaurav_chintamani
    Chapter images & additional illustrations by Simahina: / i_am_simahina

ความคิดเห็น • 60

  • @akashshukla3581
    @akashshukla3581 หลายเดือนก่อน +13

    Please add links to Ajay's attire in the show notes

  • @simransaini9801
    @simransaini9801 หลายเดือนก่อน +4

    Love the diff character voices by Amit in this episode

  • @MMR3000
    @MMR3000 หลายเดือนก่อน +10

    Ajay! Please keep a few extra mics in the XKDR office for emergencies.

  • @adityakadam8080
    @adityakadam8080 หลายเดือนก่อน +3

    I love Ajay sir's outfit ! this amazing channel our very own A-JAY and VIRU deserve more reach and love ❤ Thanks for this podcast, Frankly I did introspect over a lot of my views of world around after watching, the zero sum fallacy being most prominent of 'em all. Can't wait for more.

  • @user-ub5ff3lc4y
    @user-ub5ff3lc4y หลายเดือนก่อน +4

    Chances are the new subscribers of Amit haven't really gone through The Seen and the unseen episodes , the days when Vivek Kaul and Amit had teamed up , those and other marathon episodes were 3 hr long and perhaps were the longest podcasts by any podcaster in India. The subscribers trickeled in slowly but our man didnt relent and week after week kept up with those long episodes and maintained the fidelity to the format. TENACITY ( overstressed with All CAPS here)

    • @ajayshah5705
      @ajayshah5705 หลายเดือนก่อน +1

      www.mayin.org/ajayshah/MEDIA/2024/inheritance_wealth_tax.html

  • @vinaysuchedeutube
    @vinaysuchedeutube หลายเดือนก่อน +2

    The instances of Amit doing finger pointing is reaching hilarious levels.. :D

  • @dhruvnigam7488
    @dhruvnigam7488 หลายเดือนก่อน +2

    Amit bhai! I've heard the Ryan story half a dozen times now. The way you told it this time just blew it of the park. The voice modulations,imagery, the strategic silences, the expressions, the painting of Varun - just ❤.

    • @markusknight
      @markusknight 19 วันที่ผ่านมา

      Yes exactly. This was like a stand up comedian finally perfecting his bit. I laughed out loud even though I knew exactly where the story was headed 😂

  • @kazimustaqeem
    @kazimustaqeem หลายเดือนก่อน +1

    On Fridays I pray to god, i take rest and I listen to Amit Verma and Ajay shah😊

  • @amhejaz89
    @amhejaz89 หลายเดือนก่อน +5

    Shirt recommendations by Ajay Shah in the next episode plz

  • @twenty-twenty
    @twenty-twenty หลายเดือนก่อน +1

    Gentlemen, more such episodes that increase my Goodreads wishlist. Had no idea about the forgotten man. I WANT to have my mind changed.

  • @nerdlearner0403
    @nerdlearner0403 หลายเดือนก่อน +2

    Loved the episode

  • @suvachattopadhyay1
    @suvachattopadhyay1 หลายเดือนก่อน +1

    I have loved this episode :-). Finished in one go. Sent to a few people! Amit pointing finger to Ajay a few times...election time 😝.
    I also enjoyed the banter...

  • @ShortcastoverCoffee
    @ShortcastoverCoffee หลายเดือนก่อน +5

    It's Friday and the wait is over!

  • @wiwek17
    @wiwek17 หลายเดือนก่อน +2

    It's just me or Amit pronouncing poverty sounds like parvati😜
    Loved the discussion, learned a lot, fascinating stuff 🙏🙏
    Suggest creating a booklist on goodreads for all the recommendations 🙏

  • @apoorv-anand
    @apoorv-anand หลายเดือนก่อน +5

    This video by Veritasium (with Prof Axelrod) explains what Ajay said ( 13:08 ) about the Tit-for-Tat strategy of co-operation and why other strategies don't perform too well. th-cam.com/video/mScpHTIi-kM/w-d-xo.html

  • @mamunurushankar3358
    @mamunurushankar3358 หลายเดือนก่อน +1

    Very Nice!
    If possible, in your future episodes, I request you to discuss " Behavioral economics", "the work of Yanis Varoufakis" and the work of Thomas Piketty"

  • @abyabhu
    @abyabhu หลายเดือนก่อน +6

    It's so bad to watch your episodes while drinking is that you want to put off the video, but one sentence from Ajay and you are in game again. Hell of a cycle.

    • @twenty-twenty
      @twenty-twenty หลายเดือนก่อน +1

      The real long gestation drinking game is mention of “double thank you moment” while binge listening TSTUS or EIE. Gets you rolling in about 12-24 hrs of listening..

    • @Chakravartin007
      @Chakravartin007 หลายเดือนก่อน

      ​@@twenty-twentywhich episodes are best/recomended according to you in TSATU ...mine are the triumvirate of Amit,krish ashok and naren shenoy

  • @Kaustubh56
    @Kaustubh56 หลายเดือนก่อน +1

    Excellent episode as always!
    Though I have given multiple recommendations earlier (none of which is picked up...yet) let me give one more suggestion.
    Please do a 2-3 part series on books/philosophy of Nassim Nicholas Taleb - Fooled by Randomness, Black Swan, Antifragile, Skin in The Game.
    Amit has liked my earlier recommendations and that gives me a hope that my recommendations are being considered! Hoping that Amit will like this too 😇🙏

  • @maany86
    @maany86 หลายเดือนก่อน +1

    Great episode. Loved it. Please do an episode on Atheism.

  • @ghanshyamsingh2494
    @ghanshyamsingh2494 หลายเดือนก่อน +1

    A podcast on importance of "Good Luck" or "Badluck" as the crux of great historic stuff ?

    • @ajayshah5705
      @ajayshah5705 หลายเดือนก่อน

      The surface area of serendipity

  • @aritraray3068
    @aritraray3068 หลายเดือนก่อน +1

    I love all the recommendations, especially the book recommendations. Could you guys at some point maintain a list of these book recommendations (e.g. in the form a website) and update it with every episode? I feel like I need to parse through and go back and forth between videos to look at these recommendations. It would be great if there was a central access point where all these recommendations were listed (preferably by associating them with the episode in which they were mentioned). Thanks again for a great episode. Thomas Sowell has been a personal hero of mine for a few years now. And I love Arnold Kling's book. This episode also reminded me of Charlie Munger's lecture The Psychology of Human Misjudgment. Perhaps an idea for a future episode.

  • @simransaini9801
    @simransaini9801 หลายเดือนก่อน +1

    Would love a nice outro too! 🙈

  • @FannyField
    @FannyField หลายเดือนก่อน +1

    Uhh , I may be getting things mixed up but is it something like - in the zero-sum fallacy you are thinking it's a fixed pie when in fact the size of the pie can be imcreased . But in the open-ended fallacy , we think the size of the pie can be increased when in fact it is a fixed amount . Are they like just vice versa scenarios of this one theme- that certain things are zero sum and others not and that the fallacy is that we just are bad at structuring or classifying the data - or is there some fundamental difference in the two scenarios that I am not grasping and that they are not talking about the same thing .

  • @TheArkaRoy
    @TheArkaRoy หลายเดือนก่อน

    Can we have an episode on the future of sustainable engineering, business, waste management & environment protection? Nothing is more relevant yet ignored at the same time.

  • @amartyaanand4945
    @amartyaanand4945 หลายเดือนก่อน +3

    Nice shirt Ajay

  • @markusknight
    @markusknight 19 วันที่ผ่านมา +1

    Ajay’s attire is just screaming to do an episode on how to think about men’s fashion

  • @ahmednadim5859
    @ahmednadim5859 หลายเดือนก่อน

    Actually if every country subsidies exports with minimum import restrictions, we will actually have more international trade and globalisation. Because we're on net taking resources from non tradeable sectors to tradeable sectors.

  • @Chakravartin007
    @Chakravartin007 หลายเดือนก่อน

    Would like you to make a episode about inheritence tax and downstream and upstream effects of caste politics ..and what can be done to bring manufacturing revolution in India

    • @ajayshah5705
      @ajayshah5705 หลายเดือนก่อน +1

      www.mayin.org/ajayshah/MEDIA/2024/inheritance_wealth_tax.html

    • @Chakravartin007
      @Chakravartin007 หลายเดือนก่อน

      @@ajayshah5705 thanks ajay

  • @ud1976
    @ud1976 หลายเดือนก่อน

    It’s Friday. Please upload the next episode. No pressure 😂

  • @milind62
    @milind62 หลายเดือนก่อน +1

    Mr. Amit Verma, why transfering some fixed amount to poor may not increase the demand for some goods that would trigger growth and employment? After all 70 percent of the consumption expenditure of bottom 50 percent of the population is only on energy and food. Where would the demand for other goods and services would come from?

    • @amitvarma
      @amitvarma  หลายเดือนก่อน +1

      Where will the money that you transfer come from? If you had left it with the people you coerced it from, what would they have done with it? That's the key question to think about.

    • @milind62
      @milind62 หลายเดือนก่อน

      Coercion is a value laden term which assumes that our economic success is entirely due to our efforts and luck has no role in it. But that apart, who spends decides what gets demanded. Rich person's increased spending may not increase demand for labour intensive products. E.G. restricting the exports of onion transfers money from farmers to consumers even to rich consumers. And the impact on composition of aggregate demand is likely to be different. So banning agri exports not only reduces farmers' income, but it also affects the economy in general.

  • @nil0355
    @nil0355 หลายเดือนก่อน +1

    Wealth tax issue hasn't not been addressed by critics proberly as of yet. Problem is a host of liberal democracies, free market economies have it. Hence they can't just say it is a bad commie move. So they are trying to say this doesn't work for developing countries. Interestingly most Indian elites continuously compare India with developed countries. Suddenly when it comes to wealth tax they realise that's not fair!
    Wealth tax need not mean that all wealth is taken by govt. But some percentage of UHNI wealth can be taxed. I favour giving tax advantages to entrepreneurs . I support lower corporate tax. Heck, I am even in favour of reducing excessive Income Tax on UHNIs. But wealth tax I support. Why would advantages be allowed to pass on generationally without any checks. How is that meritocratic?!

    • @ajayshah5705
      @ajayshah5705 หลายเดือนก่อน

      www.mayin.org/ajayshah/MEDIA/2024/inheritance_wealth_tax.html

    • @amitvarma
      @amitvarma  หลายเดือนก่อน +1

      The key word in your comment is 'allowed'. Who is the state to 'allow' anything? Your use of the word implies that we are subjects, not citizens, and all the wealth of the nation belongs to the state. That is a dangerous point of view.

    • @nil0355
      @nil0355 28 วันที่ผ่านมา

      @@amitvarma 🫡

  • @annapoorni1
    @annapoorni1 หลายเดือนก่อน

    The government is always in the driver's seat. It is not its money but it has the power to do whatever with it. Which politician would give up such a sweet laddoo. So the 5th fallacy will continue forever

  • @muralineel
    @muralineel หลายเดือนก่อน

    Those of us who watched West wing were tutored on - post hoc … th-cam.com/video/rsI36TzIikY/w-d-xo.htmlsi=qrdc2ni2dAiD8_A5