The (Bayesian) Advantage of Youth

Clay Shirky has a terrific short essay on the advantages of youth in the entrepreneurial sphere.  He writes:

... Young entrepreneurs have an advantage over older ones (and by older I mean over 30), and ... age isn’t in fact a mindset. Young people have an advantage that older people don’t have and can’t fake, and it isn’t about vigor or hunger — it’s a mental advantage. The principal asset a young tech entrepreneur has is that they don’t know a lot of things. ...

Link:  Many2Many.  Thanks for the tip to the advantaged Andrew Haarsager.  --Dennis