Sometimes a black box approach works, sometimes not. Through neuroscience we are learning many things about how the mind works, and the varieties of human minds that the old black box behaviorist approach never came close to.
In the stock market, technical investors (vs the Warren Buffet types) are the black boxers. Sometimes they are going along very nicely when they encounter a big exception to what they think they know and their strategy crashes.
Ideally we’d like to know the structure of a thing, but black box analysis can play a big role when the thing is for some reason opaque.
Sometimes a black box approach works, sometimes not. Through neuroscience we are learning many things about how the mind works, and the varieties of human minds that the old black box behaviorist approach never came close to. In the stock market, technical investors (vs the Warren Buffet types) are the black boxers. Sometimes they are going along very nicely when they encounter a big exception to what they think they know and their strategy crashes. Ideally we’d like to know the structure of a thing, but black box analysis can play a big role when the thing is for some reason opaque.