Doesn't being willing to accept a trade *directly follow* from the expected value of the trade being positive? Isn't that like, the *definition* of when you should be willing to accept a trade? The only disagreement would be how likely it is that losses of knowledge / epistemics are involved in positive value trades. (My guess is it does happen rarely.)

ozziegooen's Shortform

by ozziegooen 31st Aug 2019127 comments