Cross-posting from my personal blog, but written primarily for Less Wrong after recent discussion here. There are whispers that the Efficient-Market Hypothesis is dead. Eliezer's faith has been shaken. Scott says EMH may have been the real victim of the coronavirus. The EMH states that “asset prices reflect all available...
tl;dr: summarising some handy concepts from Algorithms to Live By, as they relate to optionality and tinkering. Babies love putting things in their mouths: dirt, insects, bits of grass, their own poo. They have no sense of fear or self-preservation, and come up with endlessly creative ways to place themselves...
Cross-posted and lightly-edited from The Deep Dish. Epistemic status: describing a general phenomenon; may not be correct on every specific point. may have used scientific terms in an annoying metaphorical fashion. elements of pointing out the bleeding obvious, hopefully framed in a novel way. tl;dr: positive feedback loops are a...