Recent news of celebrities exercising a put option on life, apparently sub-optimally, has to be understood in a larger context. If the individual's expectation of aggregate utility from the point of decision to the expiry of the put is negative and deterministic, the exercise is optimal from her viewpoint. In a free society, the individual's optimum decision has to be upheld over society's desires.
However, if the individual's expectations are wrong or they are motivated by incorrect assumptions, then both the individual and society lose simultaneously. The solution to this rising epidemic is not tactical intervention but rather a strategic analysis of decision processes that lead individuals to a point of no turning back. One important area of further research is the struggle between the left and right brain processes. If the left brain dominates this negotiation, a linear and logical assimilation of known information, leading to a set of assumptions and subsequently an estimation of aggregate remaining utility, it may provide a deterministic or low volatility answer. In this case, the individual may incorrectly perceive an optimum exercise horizon. It appears that one solution is to re-engage the right brain more forcibly into the conversation.
As humanity move faster toward a technology-led society where predictability is increasing, it is possible that left brain dominance will continue to increase. The accelerated growth in suicide rates in developed countries is a symptom of this phenomenon. The solution is the nourishment of the right brain and the imposition of possible penalties for left brain dominance. An objective function that is primarily driven by materialism and ego, will continue to favor the left brain. The goal for societies, then, is to nourish complete individuals and not efficient humanoids. To do this, one has to get away from conventional and precise metrics and embrace uncertainty more fundamentally.
Humans, lining up on a conveyor belt to nowhere that appears to go ever faster, may want to look over the horizon and into the heavens, for inspiration.
However, if the individual's expectations are wrong or they are motivated by incorrect assumptions, then both the individual and society lose simultaneously. The solution to this rising epidemic is not tactical intervention but rather a strategic analysis of decision processes that lead individuals to a point of no turning back. One important area of further research is the struggle between the left and right brain processes. If the left brain dominates this negotiation, a linear and logical assimilation of known information, leading to a set of assumptions and subsequently an estimation of aggregate remaining utility, it may provide a deterministic or low volatility answer. In this case, the individual may incorrectly perceive an optimum exercise horizon. It appears that one solution is to re-engage the right brain more forcibly into the conversation.
As humanity move faster toward a technology-led society where predictability is increasing, it is possible that left brain dominance will continue to increase. The accelerated growth in suicide rates in developed countries is a symptom of this phenomenon. The solution is the nourishment of the right brain and the imposition of possible penalties for left brain dominance. An objective function that is primarily driven by materialism and ego, will continue to favor the left brain. The goal for societies, then, is to nourish complete individuals and not efficient humanoids. To do this, one has to get away from conventional and precise metrics and embrace uncertainty more fundamentally.
Humans, lining up on a conveyor belt to nowhere that appears to go ever faster, may want to look over the horizon and into the heavens, for inspiration.
No comments:
Post a Comment