I would be very curious to hear your take on this bookhttps://equilibriabook.com/
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Basically the idea is sometimes things suck because there isn’t much opportunity to exploit the suckiness
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To me, that sounds like horse-carriage technology stagnating leading up to the invention of the car. Inadequate equilibria is where people give up on incremental improvements?
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It's where there is no *incentive* to making incremental improvements. If there is no possible tech improvement, that's a different issue. It would be an adequate/optimal equilibrium, not an *inadequate* equilibrium
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I still wonder if I could go back in time and not waste 100k on college, what would I have done? How much faster could I have improved and saved more money
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Every system relentlessly optimises for its incentives. When as much money asap is the god & goal - any and all decisions optimise for that, and humanness, quality of life, and holistic development obviously suffer.
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