Is there a name for the general principle that doing boring things is more effective than doing interesting ones? It seems generally true in a lot of situations.
Paul Graham called it schlep blindness. He was talking in the context of startups but it applies more broadly.
I think it's especially true for the type of human that likes Lesswrong. Using Scott's distinction between Metis and Techne, we are drawn to Techne. When a techne-leaning person does a deep dive into metis, that can generate a lot of value.
More speculatively, I feel like often--as in the case of lobbying for good government policy--there isn't a straightforward way to capture any of the created value; so it is under-incentivized.
Most intriguing is this hints at a testable hypothesis: policy markets should show greater inefficiency in domains where feedback loops are longest and most distorted. Would bet FOIAs on national security consistently outperform economic policy FOIAs in information yield despite lower attention
(h/t Otis Reid)
I think this post captures a lot of important features of the US policymaking system. Pulling out a few especially relevant/broadly applicable sections:
(related EA Forum post)