the visible hand

it is the theory which decides what can be observed – einstein

the curse of knowledge

Posted by ecoshift on January 10, 2008

Innovative Minds Don’t Think Alike – New York Times
By JANET RAE-DUPREE
Published: December 30, 2007

IT’S a pickle of a paradox: As our knowledge and expertise increase, our creativity and ability to innovate tend to taper off. Why? Because the walls of the proverbial box in which we think are thickening along with our experience…

This so-called curse of knowledge, a phrase used in a 1989 paper in The Journal of Political Economy, means that once you’ve become an expert in a particular subject, it’s hard to imagine not knowing what you do. Your conversations with others in the field are peppered with catch phrases and jargon that are foreign to the uninitiated. When it’s time to accomplish a task — open a store, build a house, buy new cash registers, sell insurance — those in the know get it done the way it has always been done, stifling innovation as they barrel along the well-worn path.

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One Response to “the curse of knowledge”

  1. Eric Kirk said

    Try this again.

    Merryl Lynch story

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