12.04.2015 Views

The wine delusion

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Putting on the sceptical hat<br />

Blind tasting may not take people to their true preferences. But finding true<br />

preferences can be a work­in­progress even if it’s never found. If any, it opens up people to<br />

knowing how much they don’t know about what they really like (Berdik, 2012). Likes and<br />

dislikes are part of our own selves. Expectations may offer suggestions to our preferences;<br />

some useful, some not so much. Just as the Greek philosopher Heraclitus believed, ‘<strong>The</strong><br />

only thing that is constant is change,’ our preferences, too, are anything but consistent.<br />

<strong>The</strong>y are constantly being changed, evolved, influenced, and by nature, can certainly do<br />

with some questioning and discovery. At the heart of questioning and discovery is trial and<br />

error (Sutherland, 2014). In <strong>The</strong> Black Swan, the Lebanese­American mathematician<br />

Nassim Taleb explains the human tendency of trial and error in finding simplistic<br />

explanations retrospectively. <strong>The</strong> trial and error approach has defined human progress,<br />

from steam engine to aspirin. <strong>The</strong> human act of discovery through trial and error is what<br />

Taleb (cited in Sutherland, 2014) calls ‘stochastic tinkering’. <strong>The</strong> notion that people make<br />

progress on their own without really understanding how it works. In the notoriously complex<br />

<strong>wine</strong> market, where even expert preferences are about as consistent as flipping coins, trial<br />

and error seems like a reasonable way for people to find better and more genuine<br />

preferences (Sample, 2011; Sutherland, 2014; Berdik, 2012). How is Taleb’s use of the<br />

phrase ‘teaching birds to fly’ so different from unreliable experts telling people ‘how to<br />

drink’ or ‘how or enjoy’ a glass of <strong>wine</strong>? By using purchase data on more than 77 million<br />

shopping trips over 7 years, the Dutch economist Bart Bronnenberg matched shoppers’<br />

actual choices to their knowledge and found an interesting correlation: the more informed<br />

18

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!