I agree with this vision.
The basic of Roland Benabou theory is that your invested interest in a domain prevent you to see opposing views.
this post vulgarize beanbou works in a nice way.
http://seekingalpha.com/article/124027-denial-collective-housing-delusions
if you are IPCC member, will you agree that you could be fired ?
If your house is paid with benefits from solar panel, will you admit it is a stupid energy…
you cannot have honest vision if you are a stakeholder, even unconsciously.
soon we will remember the most stupid sentence of the las 400 years:
“I have had 50 years of experience in nuclear physics and I know what’s possible and what’s not. . . . I don’t want to see any more evidence! I think it’s a bunch of junk and I don’t want to have anything further to do with it.”
all the pathology of denial is in that sentence.
in my “innovation management course” at work they say that innovators have the following characteristics :
- they are foreigners (not of the same business, science, country…)
- they have a strong network to share view with, separate from the mainstream
- they have a resilient mind, they keep their idea despite opposition
innovation cannot came from the wagon circle.