Sorry -- specifically, Eliezer's ideas. One is MIRI, two is intelligence, three is his recent macroeconomics piece.
-
I took his point to be: EMH applies most strongly to pricing in securities markets. Every other “market” is inefficient.
It was about where/when to apply “efficient market” arguments. Not about what’s good for the world, value of optimizing on GDP, etc.
-
-
That was the point he was trying to make, yes. I think he picked the single worst example to make his point.
-
And his point is such that, if his particular example / argument wrong, the conclusion doubly backfires in his face.
- 6 more replies
New conversation -
-
-
Did I misread?
-
Separate from that essay, I can maybe catch whiffs of what you’re saying in EY’s writings.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.