* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, December 16, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Australia’s Star Entertainment CEO Steve McCann steps down By Reuters – Investing.com

    Australia’s Star Entertainment CEO Steve McCann steps down By Reuters – Investing.com

    Eagles Tribute Band Will Play Two Concerts In Plymouth – CapeNews.net

    Experience the Ultimate Eagles Tribute Band Live in Plymouth with Two Unforgettable Concerts!

    Cox Communications, Inc. v. Sony Music Entertainment – American Civil Liberties Union

    Epic Showdown: Cox Communications Takes on Sony Music Entertainment in Landmark Legal Battle

    Arts and Entertainment Agenda: Dec. 12-18 – AspenTimes.com

    Your Ultimate Arts and Entertainment Guide: December 12-18

    Apex Legends creators announce new PvP FPS game Highguard – Esports Insider

    Apex Legends Creators Unveil Exciting New PvP FPS Game Highguard

    SYSK’s 12 Days of Christmas… Toys: How the Nintendo Entertainment System Changed Gaming Forever – iHeart

    How the Nintendo Entertainment System Changed Gaming Forever

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    AI coding is now everywhere. But not everyone is convinced. – MIT Technology Review

    AI coding is now everywhere. But not everyone is convinced. – MIT Technology Review

    West Virginia High Technology Foundation focuses on artificial intelligence growth in 2026, beyond – WV News

    West Virginia High Technology Foundation Fuels Ambitious AI Growth for 2026 and Beyond

    Is Micron Technology Stock a Buy Right Now? – Nasdaq

    Is Micron Technology Stock a Smart Buy Today?

    Why health plans need member trust to fully harness technology – Fierce Healthcare

    Building Member Trust: Unlocking the True Power of Technology in Health Plans

    5 Things To Do Before You Buy Your Next Martech Tool – CX Today

    5 Things To Do Before You Buy Your Next Martech Tool – CX Today

    Latino Entrepreneurs in Technology – Al Día News

    Rising Latino Entrepreneurs Shaping the Future of Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Australia’s Star Entertainment CEO Steve McCann steps down By Reuters – Investing.com

    Australia’s Star Entertainment CEO Steve McCann steps down By Reuters – Investing.com

    Eagles Tribute Band Will Play Two Concerts In Plymouth – CapeNews.net

    Experience the Ultimate Eagles Tribute Band Live in Plymouth with Two Unforgettable Concerts!

    Cox Communications, Inc. v. Sony Music Entertainment – American Civil Liberties Union

    Epic Showdown: Cox Communications Takes on Sony Music Entertainment in Landmark Legal Battle

    Arts and Entertainment Agenda: Dec. 12-18 – AspenTimes.com

    Your Ultimate Arts and Entertainment Guide: December 12-18

    Apex Legends creators announce new PvP FPS game Highguard – Esports Insider

    Apex Legends Creators Unveil Exciting New PvP FPS Game Highguard

    SYSK’s 12 Days of Christmas… Toys: How the Nintendo Entertainment System Changed Gaming Forever – iHeart

    How the Nintendo Entertainment System Changed Gaming Forever

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    AI coding is now everywhere. But not everyone is convinced. – MIT Technology Review

    AI coding is now everywhere. But not everyone is convinced. – MIT Technology Review

    West Virginia High Technology Foundation focuses on artificial intelligence growth in 2026, beyond – WV News

    West Virginia High Technology Foundation Fuels Ambitious AI Growth for 2026 and Beyond

    Is Micron Technology Stock a Buy Right Now? – Nasdaq

    Is Micron Technology Stock a Smart Buy Today?

    Why health plans need member trust to fully harness technology – Fierce Healthcare

    Building Member Trust: Unlocking the True Power of Technology in Health Plans

    5 Things To Do Before You Buy Your Next Martech Tool – CX Today

    5 Things To Do Before You Buy Your Next Martech Tool – CX Today

    Latino Entrepreneurs in Technology – Al Día News

    Rising Latino Entrepreneurs Shaping the Future of Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Vitaliy Katsenelson: Revisiting Gell-Mann Amnesia tells much about media’s credibility slide

April 9, 2024
in Business
Vitaliy Katsenelson: Revisiting Gell-Mann Amnesia tells much about media’s credibility slide
Share on FacebookShare on Twitter

Discovering oneself unwittingly entangled in media narratives can be jarring. In a recent episode of “Last Week Tonight,” John Oliver dissected the economics of food delivery, weaving a tale of exploitation. However, amid the laughter, the truth can get lost. Michael Crichton’s concept of Murray Gell-Mann Amnesia rings truer than ever—a phenomenon where the media’s credibility surpasses its accuracy. As the landscape evolves, navigating with scepticism and diligence becomes paramount.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

By Vitaliy Katsenelson*

This past Sunday, I received a text from a friend who told me he saw me on John Oliver’s “Last Week Tonight” show on HBO.

What I am about to say doesn’t apply just to John Oliver’s show, but to the media in general.

As much as I enjoyed seeing my mug on this show and gaining street cred with my kids, the episode highlights the reason why I stopped watching Oliver awhile back. I realized that if I kept watching, I would be intentionally suffering from Murray Gell-Mann Amnesia.

This is how Michael Crichton (author of Jurassic Park), who coined the term, described it in a speech in 2002:

Media carries with it a credibility that is totally undeserved. You have all experienced this, in what I call the Murray Gell-Mann Amnesia effect. (I refer to it by this name because I once discussed it with Murray Gell-Mann [he introduced the concept of quarks as the fundamental building blocks of the strongly interacting particles], and by dropping a famous name I imply greater importance to myself, and to the effect, than it would otherwise have.) 

Briefly stated, the Gell-Mann Amnesia effect is as follows. You open the newspaper to an article on some subject you know well. In Murray’s case, physics. In mine, show business. You read the article and see the journalist has absolutely no understanding of either the facts or the issues. Often, the article is so wrong it actually presents the story backward—reversing cause and effect. I call these the “wet streets cause rain” stories. Papers are full of them.

In any case, you read with exasperation or amusement the multiple errors in a story, and then turn the page to national or international affairs, and read as if the rest of the newspaper was somehow more accurate about Palestine than the baloney you just read. You turn the page, and forget what you know.”

I stopped watching John Oliver’s show many years ago when he discussed business topics that I understood well. I realized that he settles on a narrative and then finds clips and edits them heavily to deliver his points, while making the audience laugh. However, the truth gets lost in the process. Oliver, like most media figures, is not really interested in the truth. There is very little intellectual honesty and no nuance in what they do. 

This particular show is a case in point. He goes after “big” food delivery companies. Throughout the show, he points out how little money restaurants, drivers, and food delivery companies make in this transaction – delivering a $12 burrito – and how difficult it is for all of them to profitably consummate the transaction. 

A villain is now needed to complete his narrative.  He goes after food delivery companies (which according to him are losing money) for not wanting to turn drivers into employees and pay them benefits and Social Security, and thus would lose even more money. He just argued that these companies are not making money, but once labeled “big,” he wants you to forget that and have them pay their drivers more. He says that because drivers are not employees but contractors, they get fleeced by “big” companies. The reality is that the only people who want the drivers to be employees are politicians (who never have had a real job in their lives) and maybe comedy show hosts, drivers don’t want to be employees.

My son Jonah was a DoorDash driver during college. My favorite story is when Jonah and his girlfriend Molly went to dinner. There was a 40-minute wait at the restaurant. They put their name on the list and then Jonah opened the DoorDash app, saw there was a great demand for drivers, and asked Molly, “Do you want to do a few Door Dashes with me? It’ll pay for dinner.” Molly agreed. It’s very difficult to put a dollar value on this flexibility. 

This show is full of untruths, and I inadvertently appear right in the middle of it. As I mentioned, Oliver argues that food delivery companies don’t make money. This used to be the case, but it is not anymore. They have turned profitable over the last few years. Oliver used a clip from the interview I gave to PBS in 2020 (which also quotes Uber Eats’ CEO), right in the middle of the pandemic. At the time, these businesses – which, to their surprise, had seen a huge jump in demand – were bleeding money. That is not the case today. But by using a four-year-old clip he warps the truth – not that you would know that. I really had to squint for a second at the top-left corner to notice the 2020 time stamp. I guarantee most people missed this detail. 

Shockingly, Crichton pointed out the Murray Gell-Mann Amnesia effect almost a quarter-century ago and things have gotten a lot worse. Unfortunately, today we have to bring along a very large salt shaker and our own ability to do research when we consume media. 

Read also:

🔒 Royal crisis unveils social media pitfalls: A cautionary tale for brands
CANAL+ proposes game-changing offer to transform MultiChoice into a global media powerhouse
Gaza crisis: Media war continues despite conflict “pause” as hostage realities emerge – Chuck Stephens

Vitaliy Katsenelson*  is the CEO at IMA, a value investing firm in Denver.

Visited 13 times, 13 visit(s) today

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BizNews – https://www.biznews.com/leadership/2024/04/09/vitaliy-katsenelson-gell-mann-amnesia

Tags: businessKatsenelsonVitaliy
Previous Post

‎Argaam wishes readers on Eid Al-Fitr

Next Post

BNC#6: Maimane Q&A – Returning to parliament, inspiration from Macron, his vision for SA’s future and more

World Juniors Pre-Tournament Series comes to North Star Sports and Entertainment Network – KTTC | Rochester, MN

Excitement Builds as World Juniors Pre-Tournament Series Kicks Off at North Star Sports

December 16, 2025
Australia’s Star Entertainment CEO Steve McCann steps down By Reuters – Investing.com

Australia’s Star Entertainment CEO Steve McCann steps down By Reuters – Investing.com

December 16, 2025
Philip Rivers Return Means 5 More Years of Health Insurance—for 10 Kids – Front Office Sports

Philip Rivers Return Means 5 More Years of Health Insurance—for 10 Kids – Front Office Sports

December 16, 2025
Trump’s harsh comments on Rob Reiner’s murder spark rare Republican pushback – ABC News

Trump’s Fiery Accusation Against Rob Reiner Sparks Unprecedented Republican Backlash

December 16, 2025
Ecosystem health shapes viral ecology in peatland soils – Nature

Unveiling How Ecosystem Health Shapes Viral Ecology in Peatland Soils

December 16, 2025
Indiana Math and Science Academy West assistant principal Justin Kirby – IndyStar

Meet Justin Kirby: Inspiring Leader at Indiana Math and Science Academy West

December 16, 2025
Electrical Engineering and Computer Science – MIT School of Engineering

Cutting-Edge Breakthroughs and Discoveries in Electrical Engineering and Computer Science

December 16, 2025
Simple lifestyle tweaks make your brain feel 8 years younger, reveals study – Moneycontrol

Simple lifestyle tweaks make your brain feel 8 years younger, reveals study – Moneycontrol

December 16, 2025
AI coding is now everywhere. But not everyone is convinced. – MIT Technology Review

AI coding is now everywhere. But not everyone is convinced. – MIT Technology Review

December 16, 2025
Baumhower’s Victory Grille breaks ground at sports complex in Millbrook – The Bama Buzz

Baumhower’s Victory Grille Breaks Ground at Millbrook Sports Complex

December 16, 2025

Categories

Archives

December 2025
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  
« Nov    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (972)
  • Economy (990)
  • Entertainment (21,867)
  • General (18,771)
  • Health (10,031)
  • Lifestyle (1,002)
  • News (22,149)
  • People (996)
  • Politics (1,004)
  • Science (16,205)
  • Sports (21,491)
  • Technology (15,972)
  • World (979)

Recent News

World Juniors Pre-Tournament Series comes to North Star Sports and Entertainment Network – KTTC | Rochester, MN

Excitement Builds as World Juniors Pre-Tournament Series Kicks Off at North Star Sports

December 16, 2025
Australia’s Star Entertainment CEO Steve McCann steps down By Reuters – Investing.com

Australia’s Star Entertainment CEO Steve McCann steps down By Reuters – Investing.com

December 16, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version