I'm not saying it isn't a problem at all. I think I explicitly acknowledged that there is a problem where I said "the majority of the downside." But it is a problem that the free market can resolve. The free market can't resolve the doctor problem because the government literally requires the worthless undergrad degree to allow someone to practice medicine or else they'll be jailed.
Employers who poorly select employees will most likely be out-competed by employers who make better decisions when selecting employees. We already see this in hiring for software engineers where many employers will accept a bachelors degree or other experience which demonstrates coding skill.
And for software engineering, at least when I went to school, you still had to be able to program at least a little bit to get a degree.
The majority of the downside from credentialism comes from fields where it’s literally illegal to work if you don’t have the right college degree
Instead of doing this why not just, not require credentialism? Let the free market regulate doctors. Eliminate laws which put onerous credential requirements on professions where there's high demand and low supply.
Putting a finite value on both an infinite lifespan of infinite pleasure and an infinite lifespan of torture allows people to avoid difficult decisions in utility maximization such as Pascal's Mugging.
Maybe this is why so many people seem to naively express that they don't actually want to live forever because they would get lonely and all their friends would die and etc. They're actually enacting a smart strategy which provides protection from edge case situations. This strategy also benefits from having a low cost of analysis.
Sorry to necro, but the sailor didn't give anybody any new information with respect to eye colors that they didn't have already. Each person A-E knew that there were 4 other people minimum with blue eyes and they also knew that each other person knew there was at least a minimum of 3 people with blue eyes.
Everyone suddenly gaining the common knowledge that at least one of them has blue eyes is not actually new knowledge at all.
ETA: I envision a story where they realize that if Enuli never takes the Sparkroot again and is no longer a genius logician they can save themselves that way.
[I'm not completely sure EDT can't do better than this, so corrections with even more elaborate schemes encouraged]
I blindfold myself, weigh two random boxes, then weigh the other two random boxes. I pick the box pair which weighs the least then randomly select between those two. If no weight difference then select randomly. This should net you the maximum amount of $301 if the hosts naively compete against each other as you describe in your scenario (i.e. competing against each other by putting more money in boxes just to arrive at the same 25% equilibrium without any sort of cooperation between them).
Hosts are incentivized to put the maximum amount of money in each other box because if only one Host is putting money in the other boxes they guarantee themselves to be in that least heavy pair (total weight of $202 in pairs without their box and $102 in the pair with their box). If 3 of the Hosts are putting money in the other boxes but 1 Host isn't, he's screwing himself because his box will never be the least heavy pair (total weight of $502 in the pair with their box and only $402 in the pair with the other two boxes).
I think a lot of such people can be "cured" by high certainty of being caught, not by severity of punishment
This stems from a misunderstanding of how the career-criminal mind works. They don't really care about being caught. They remember how out of the last 40 or so times they walked into Walmart and left with ~$100 in unpaid merchandise they only got caught half the time and the other half of the time they got let off with time served of 10-20 days. Either they get away with it or they gotta wait a couple weeks before they get to try again. Not a big deal either way.
So much of the crime plaguing modern America is open and obvious and even caught on camera. It's just that the criminal justice system refuses to punish repeat petty offenders.
What punishment do you think someone who has been convicted of stealing 15 times before should get on his 16th conviction?
I've reviewed many of these cases and it typically means the prosecutors changed from a tough-on-crime prosecutor to a restorative justice prosecutor who's looking to get a nice media headline. The convicted man is still obviously guilty, but because they found one piece of evidence that cuts against guilt, but is in no way exonerating, they decide to let the convicted rapist/murderer/etc. go free.
Best example is the Central Park 5. If any aspiring-bayesian take a look at that case they'll realize very quickly that the 5 people convicted definitely held down a woman while she was being raped. Yet for some reason they are now lauded as innocent men wrongly convicted.
I'll let you operationalize it and give you 3 to 1 odds.
edit: My main point is that a lot of people who are otherwise very smart have no idea how the criminal justice system works. They think our prisons are overflowing with people convicted of non-violent drug offenses when nothing could be further from the truth. Our prisons are overflowing with robbers, stabbers, rapists, arsonists, burglars, and murderers. That's because the media and activist groups lie and misrepresent the truth. We wouldn't ever have to execute a non-violent drug dealer to free up prison space.
How does AI being good at some tasks and worse at others make the graph you posted not a good tool at explaining FOOM or increasing AI capabilities?