I don't know Loki's wager. Is it like Pascal's?.
I had to look up Pascal's wager to answer. no, it's different.
Loki's wager(normally used as a logical fallicy) is based upon the story of Loki betting his Head. When he loses the bet and someone comes to collect he says, "You have all rights to take my head but none of my neck." which starts the debate about when does the head end and neck begin and what parts are neck and head. As a result, he keeps his head because the debate goes on.
I would like to get off of the probability theory debate.
Based on the initial Figure, It's Tai Chi's conjecture that we approach "truth" in a 2nd order underdamped response like fashion.(process control theory) In such a system, you never truly hit the target level because you approach the target level asymptotically. However, in reality we specify a thresold tolerance (say+_5%) and when our value hits that tollerance we claim victory.
If we accept this model, then he's right. Science has some end point. However, inherent in this view is that newer discoveries are less significant then past ones (look at magnitude changes as we approach "truthiness"). In fact, this does not hold true at all.
Consider the central dogma of genetics (DNA theory)
DNA encodes RNA that uses t-RNA to create proteins. This held true and describes much, yet the discovery of siRNA(which can block the creation of proteins) describes a whole new roll of RNA that wasn't previously appreciated. This isn't less signifigant. In fact the implications that RNA might do other things is huge.
Another example is RNA structures. For a long time, we only considered the tertiary structures of proteisn, yet RNA can also adopt interesting foldings and these folding effects may serve in ways completely unknown before.
Further, consider the transition from newtonian to Quantum mechanics. Consider the discovery of quarks.
We aren't approaching some setpoint of truth. We approach preconceived setpoints. But as we discover more, that setpoint changes. continually.
So, when do we stop science?
when no more questions are left to ask.
When will that happen?
?? I assume we'll know when we get there.
but until then, we keeping asking and then testing.
and asking and testing
and asking and testing
and asking and testing.