@pmarca @_TechBanker @michael_nielsen the insurance / status / relative rank value of marginal dollar outpaces svcs. http://www.interfluidity.com/v2/3487.html
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Replying to @interfluidity
@interfluidity@pmarca Key question: is "wealth as insurance" an arms race where de-escalation would be the mutually beneficial outcome?1 reply 0 retweets 0 likes -
Replying to @paulbaumgart
@interfluidity@pmarca If so, then forcing redistribution creates wealth. If not, we have to hope that advancing technology will save us. :)6 replies 0 retweets 0 likes -
Replying to @paulbaumgart
@paulbaumgart@pmarca in reality by criterion of Pareto optimality.1 reply 0 retweets 1 like -
Replying to @interfluidity
@interfluidity@pmarca Interesting. So the main philosophical disagreement is inductive vs. deductive determination of the SWF, huh?2 replies 0 retweets 0 likes -
Replying to @paulbaumgart
@paulbaumgart …that whatever emerges is optimal. not my view, though, nor@pmarca’s i think. we seem to share conventional views of soc good2 replies 0 retweets 0 likes -
Replying to @interfluidity
@interfluidity@pmarca By inductive I mean "revealed by choices" rather than based on axioms like "high Gini coefficients are undesirable."2 replies 0 retweets 0 likes -
Replying to @paulbaumgart
@paulbaumgart@pmarca in practice, yr “inductive” likely to mean “whatever emerges is optimal”, functionally equivalent to no-legit-SWF view1 reply 0 retweets 1 like -
Replying to @interfluidity
@interfluidity@pmarca FWIW, only way I know for dealing with highly uncertain problems like this is to run a bunch of low-risk experiments.4 replies 0 retweets 0 likes -
Replying to @paulbaumgart
@paulbaumgart@pmarca just a fig-leaf for laissez-faire, whatever emerges is right. i’m skeptical an “objective, inductive” SWF cld exist.1 reply 0 retweets 0 likes
@interfluidity Yes! And it seems like it *must* exist, but maybe the complexity is too high for us to accurately model or compute it.
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Replying to @paulbaumgart
@interfluidity Some of the complexity comes from the need to optimize for the integral of SWF wrt time. But how long is unclear & debatable.0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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