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Kelly Bets On Civilization

Astral Codex Ten Podcast

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How Much Do You Bet Per Day?

The concern is that a buggy AI will pretend to work well, bite its time and plot how to cause maximum damage while undetected. Also, this might work so well that nobody realises they're all buggy until there are millions of them. But maybe opponents of every technology have some particular story why theirs is a special place. So let me try one more argument, which I think is closer to my true objection. There's a concept in finance called Kelly betting. It briefly gained some fame last year as a thing that FTX failed at, before people realised FTX had failed at many more fundamental things. If you start with a thousand dollars, you add a casino with one game,

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