Thread by @Ritholtz

Found it!

Of course, we should always question authority and keep them honest.

But do not conflate this with those who blindly believe what's in their Facebook feed, mostly engage in confirmation bias + refuse to follow basic principles of logic, reason, and science.

There are better ways to make decisions about an inherently unknown + unknowable future with imperfect knowledge under challenging circumstances.

Use a good process to make the best probabilistic choices you can.

It's much better than believing bullshit...

Take AntiVaxx misinformation; a lot of the bad info is spread via Facebook

newsguardtech.com/special-report…

Even worse, the vast majority of that bad dope comes from a mere 12 people pushing nonsensical narratives.

npr.org/2021/05/13/996…

Nobel Laureate Robert Shiller explains the 2 factors that lead to these spread falsehoods:

The components include 1) the story itself, and 2) how viral it can become. See our email exchange here:

ritholtz.com/2021/06/bbrg-m…

McGill U:

A tiny group of determined anti-vaxxers is responsible for a tidal wave of disinformation. Just 12 anti-vaxxers are responsible for 2/3rds of anti-vaccine content on social media platforms, based on an analysis of 812,000 shares over 2 months,

…b-49f5-9bb2-cb57bb47e4ba.filesusr.com/ugd/f4d9b9_b7c…