@ozymandias314 and then of course when enough people are doing the best thing, a new thing becomes the best thing
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Replying to @GapOfGods
@ozymandias314 sorry to spam your mentions but best things are a subject close to my heart2 replies 0 retweets 1 like -
Replying to @GapOfGods
@tipsfromkatee using resources to accomplish multiple good things may be better than spending them all trying to accomplish the best.2 replies 0 retweets 0 likes -
Replying to @ozymandias314
@ozymandias314 only if you're allocating sufficiently large blocks of resources to substantially affect the marginal goodness of things3 replies 0 retweets 0 likes -
Replying to @GapOfGods
@tipsfromkatee Don’t Austrian insights apply to charity choice, in other words?1 reply 0 retweets 0 likes -
Replying to @Meaningness
@Meaningness@tipsfromkatee what does "Austrian insights" mean?2 replies 0 retweets 0 likes -
Replying to @ozymandias314
@ozymandias314@tipsfromkatee People have different tastes and know different things, so preferences can’t be coordinated centrally.2 replies 0 retweets 1 like -
Replying to @Meaningness
@Meaningness@ozymandias314 if one has private knowledge that a thing is better than other things, one should act on that private knowledge2 replies 0 retweets 0 likes -
Replying to @GapOfGods
@tipsfromkatee one also has private ignorance… does portfolio diversification theory not apply, for that reason?2 replies 0 retweets 0 likes -
Replying to @Meaningness
@Meaningness portfolio diversification theory i think is about avoiding risk, which isn't a concern if one is doing utility maximisation2 replies 0 retweets 0 likes
@tipsfromkatee I see Bayes breaking down when estimates of utility and/or probability have low confidence. My LW articles will be about that
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