So how do we navigate this morass? Suppose instead that the grantmakers are not cause-neutral scope-sensitive effective altruists assessing qalys/. Asymmetric information conditions can persist even in cases where, like an honest seller meeting an honest buyer, both parties have strong incentives for accurate information to be conveyed. The problem is, the true Outside Viewer can say Ah, yes, but a creationist would say that their side is better, because it includes all the best fundamentalist preachers, all the worlds most pious people, and all the people with the most exhaustive knowledge. Try to start a truth-seeking community, and some well-meaning idiot will ask Hey, if were about pursuing truth, maybe one fun place to pursue truth would be this whole lightning thing that has everyone all worked up, what does everybody think about this? Academies other than the worst and most curiosity-crushing have a little better chance to endure; academic bureaucrats other than the most slavish have a little more chance to remain in their position. He must have submitted this in early January.
A good scientist, in other words, does not merely ignore conventional wisdom, but makes a special effort to break. So for Google to remain underpriced when your uncle sees it, you have to assume everyone at every Wall Street hedge fund has just failed to notice this tremendous money-making opportunity the same sort of implausible failure as a 20 staying on the floor. I found this part to be the biggest disappointment of this book. And that nobody will hack their private email ten years later, then get them fired or imprisoned or burned at the stake or whatever the appropriate punishment for lightning-heresy.
Did they warn Eliezer that maybe Inadequate Equilibria doesnt scream best-seller? Or, to take a ridiculous example from the text that will obviously never happen: Suppose that theres a magical tower that only people with IQs of at least 100 and some amount of conscientiousness can enter, and this magical tower slices four years off your. No if Google stock was underpriced (ie you could easily get rich by buying Google stock then everyone smart enough to notice would buy. Html, pDF, personal Statements Application Letters, helpful tips for crafting a compelling personal statement or application letter. This level of opportunism might be much more than the average paper gets in citations per day of work. Im not a historian and I dont want to debate any of these accounts. One possibility is that investment gurus could spring up, people just as smart as the Goldman Sachs traders, who (for a nominal fee) will tell you which stocks are underpriced.
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