Comment by Imustaskforhelp

6 hours ago

> It’s incredible how some engineers assume they understand economics, then proceed to fail on some of its most basic premises. This tends to happen when engineering-style certainty is applied to systems that are driven by incentives and uncertainty.

Dunning Kruger effect, am I right?

We consider we are smart because we can make computers go beep boop so we know about the economy too. I mean, I am part of this too even though I (or we all) know the effect but I guess my point is that there should be an humility if we are wrong.

I can be wrong, I usually am. If someone corrects me, I would try to hopefully learn from that. But let's see how the author of this post responds to the GP's (valid, from what I can tell) critique.

Edit: Looks like they have already responded (before I wrote it but I forgot to see their comment where they said that its not at the scale or frequency we see in tech)

The scary part is when people who can make beep boop, and because the market has rewarded them for it, think they can skip the entire corpus of the humanities yet put forth opinions on how to shape society.

> We consider we are smart because we can make computers go beep boop so we know about the economy too

Funny, the person you are agreeing with made the strongest "I know more than you" flex than anyone.