“Judgment can do without knowledge but not knowledge without judgment.” – Montaignerevisit
“We must look for consistency. Where there is a want of it we must suspect deception.” – Sherlock Holmes—replace deception with lack of knowledge
Rothbard’s interpretation of Buridan’s ass thought experiment constitutes counter-example to make the point.
Related:
- 2-4a ‘Commitment & Consistency bias’ - To change your behavior, make changing your belief difficult
- 5-1b3a In particular, we underestimate how much we can change in the future during and after downturns. Things change.
- 13-2 Knowledge precedes action
- 13-6a2 Knowledge keeps you the same, from the perspective of exhibited value scales
- 13-9a2 Indifference cannot be a basis for action—the choice could not be meaningfully revealed in action
- 13-9a3 Praxeology is concerned with preference as revealed through choice