It's unlikely that these corporations would make the assumption that all future IP would also be "confiscated"
Do you have a good explanation to Moderna's market price drop?
Even if they made that assumption, what are they supposed to do? Stop investing in future developments, and slowly go out of business?
Borrow less, invest less, or, as you say in your last line, focus on other ways of making money that don't require innovation and IP?
Right! My untrained intuition still resists a bit; I should play with the numbers.
Niice, it makes sense! Thanks!
So to recap, I was right in that riskier assets can have higher avg returns, but I was missing the usually bigger and opposing effect where as the assets gets riskier, the same avg returns rely more and more on lucky very big gains while doing worse more often (at least if they are sort of lognormal).
My second point I still think was correct, right? -- i.e., that if Scott believed ETH had some chance of total collapse (a mixture distribution), then this skews it to the other side and pushes the median below the mean, and gives some reason to think ETH is more likely to outperform BTC. Does this make sense?
If ETH is less risky than BTC then the median performance of ETH will outperform BTC and his probability could be consistent with EMH
Wait. Does this mean that EMH expects less risky investments to have higher performance on average? That sounds shocking enough that I must be confusing something here. Or is this some sort of median vs mean distinction that I'm not seeing
About 17 and the EMH. Can't Scott be just thinking that ETH is sufficiently more risky than BTC so it may have higher expected returns even with the EMH (the EMH allows this, right?). Or even that he might think ETH has some chance of total collapse (like an outlier at 0) so even with equal expected returns it's much more probable that ETH outperforms BTC than the other way around (?)
What's this supposed to be estimating or predicting with Bayes here? The thing you'll end up doing? Something like this?:
Each of the 3 processes has a general prior about how often they "win" (that add up to 100%, or maybe the basal ganglia normalizes them). And a bayes factor, given the specific "sensory" inputs related to their specific process, while remaining agnostic about the options of the other process. For example, the reinforcer would be thinking: "I get my way 30% of the time. Also, this level of desire to play the game is 2 times mo... (read more)
Whatever prevents the most infection, hospitalization and death is the right answer either way
I first read this sentence as suggesting that killing people is the best way to prevent infection.
Yeah, if R0 is held constant and also COVID-UK is going up in absolute numbers.
Israel's deaths are dropping more slowly than I would have intuitively expected given the vaccinations; I now wonder if it's because of longer duration of the new strains which means we may have to wait a little longer until most of the previous infections resolve. Anyone that's been looking at detailed data (like strain prevalence, the ages of the people still dying, etc) has an opinion? (I just looked at the daily death and vaccination rate)
I haven't read the papers so, please correct me if I guess wrong (most likely), anybody.
I'm guessing the UK strain was estimated from relative growth between strains when the UK cases were skyrocketing, and that gave around ~40% higher R0 than COVID-classic.
Now, say they were underestimating the duration of the UK strain. That would mean it is actually more transmissible than estimated -- but it was masked by the long timescales (transmissibleness means R, right?). And that would mean that it's that much harder to contain than we thought (yet it was ... (read more)
I think you get more points for earlier predictions.
So one should interpret the points as a measure of how useful you've been to the overall predictions in the platform, and not how good you should be expected to be on a specific question, right?
Yeah, I wasn't trying to be tautological.
I am under the impression that you are thinking something like: "Bezos has ~100 billion to spend. If he spends 1 million in X, then he has 1 million less to spend on the rest. But he won't even get to spend it in his lifetime, so that extra million in X doesn't change how much he would spend in Y. Therefore, it's wrong to say that Y will become more available because Bezos spent in X.".
I don't think that's the right way to think about all this. (Warning: oversimplification coming):
Bezos earns some ... (read more)
I think I disagree a bit with both (but what do I know).
For someone like Jeff Bezos, an increase in spending on Item A probably just results in slightly less money spent by his great-grandchildren in 100 years.
This doens't seem to me to be the right way to think about it. Short term, the more he spends on Item A will result in lower spending on Item B, or lower investment in his companies, a lower transfer of money from him to someone else (like through lower savings). Or more money being spent overall if he just uses up cash he had hidden in his pillow; w... (read more)
I doubt that kind of hidden information can affect PredictIt betting odds as it limits the amount each person can bet.
There is bias or Zvi is reaching wrong conclusions with the same info.
It's the placebo effect, obviously; you can't get sick if you zinc it works.
Do they really get higher expected returns from that?
I know they do when the market isn't efficient (relative to the specific investor), but that doesn't help me.
Why is it that riskier investments should give higher expected returns?
I ask not because I don't get that the avg person would rather invest on something safe than something unsafe, all else being equal. I get that. I ask because I imagine that investors could bring their total risk down through diversification without harming the expected returns, so big money would prefer the higher expected returns even if they are risky, and in doing that, they'd bring down the extra returns from the riskier investments.
Is it because investments options are so correlated that diversification isn't enough to bring the risk of a portfolio down to acceptable levels? Or some other reason?
I have the opposite impressions. Science should embrace causality more and do it better. And as a layman term it should be refined so that we stop talking about the causes of any event as a cake where each slice has a name and only one name.
I find it hard to summarize why, at least right now, but my view is sorta similar to Pearl's (though I don't totally like how he puts it). Hopefully later I'll re-read this more attentively and comment something more productive (if no one has done a strictly better job already).
I meant hiding just the CWish posts. There're enough non-CWish posts to attract people that value the way of thinking in general.
Also, it doesn't sound that bad to attract users through 1 to 1 recommendations only. Or allow unlogged people to read all, but only little by little release the power for new users to interact with the content. Maybe release it all at once if a high karma user vouches for you (they lose it that person gets banned or something). Maybe instead of karma, there could be another value that better reflects how much you are ... (read more)
I was 80% kidding. I do believe that the type of people that could attack this community are hugely people that can't tolerate trying to read and understand the kind of content in here; let alone Scott's 999999 word analytical yet clear essays. They didn't sign up for real thinking and nuance when they went into activism.
And unlike others, I don't think mobs are organized. They look like it, but its some sort of emergent behaviour that can be managed by making it boring for the average mob member to attack.
I still don't get it. agc asked how is the retaliation NOT at attempt to stifle criticism. TurnTrout answered that it is not: it's retaliation for a doxing attack, not for criticism. Then wolflow said something that's "literally" wrong, and metaphorically I didn't get it; probably TurnTrout didn't get it too so he answered the literal interpretation. Etc etc.
But the upvotes-downvotes show I'm not seeing something here.
Of course, that was a given. I just assumed that most of us don't need days of exclusive focus to write an email.
Simply requiring log-in to read some posts, and limiting the rate of new users (maybe even make it invite only most of the times, like a private torrent tracker), should go a long way to prevent mob attacks.
Make a captcha with GPT-X rationalist content against real rationalist content. If you can't tell the difference, you are out :P
Also, train GPT-X on content that triggers mobs, and then use it to keep them busy elsewhere :P
Given the news cycle speed, it makes sense to get ready for the likely scenarios.
It likely makes more sense to follow Scotts advice to contact the NYTimes to advice not to doxx him then focus on preparing for retaliation.
I've been mostly using a mix
My intuition is that the effect of the most infectious people getting infected first is even bigger than you suspect. It will not be herd immunity what brings this under control. Herd immunity would be if the infected person has a harder time infecting because some are immune already, and that requires some significant % of people being immune (unless it's juuuuust R=1.04 or something very near 1 but bigger, too much of a coincidence). Yet most countries got it under control at low %s with either lots or little action (even when at first many of the ... (read more)
You write quite entertainingly.
There's no room for luck in the "realistic" half of your diagram.
I think the calculus is correct, in the "non-iterated" game. The conclusion is correct in the same sense that it would be even better to donate $101 and come back the next day with a black sock on your head and steal a widget.There's just something about the iterated exercise of mixing up donations and transactions that you don't like, and I share that intuition. I think in my case I feel that their strategy of selling at a high price discourages other potential transactions from people that value the widget between $20 and $100 and don... (read more)