The Market Ticker - Engineering .vs. Science Pt 2
My previous piece on this general topic was on the difference between people who take a science view of things and an engineering view of them. I explained how an engineering view, when faced with an unexpected failure of some sort, immediately stops whatever they’re doing and reverts it if something was recently changed.
A “science” view holds that statistical power is enough.
The problem is that each human is not a statistical problem; you are an engineering example. That is, there is only one of you just like for any individual road over water there is one bridge. One bridge failure is not tolerable because there may be cars on the bridge when it fails and the people in the cars will die.
The key to an engineering view is that engineering looks at the world as deterministic and thus statistical…….
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Source: https://market-ticker.org/akcs-www?post=247994
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