3min chapter

From the New World cover image

Robin Hanson: How Global Elites Manufactured Stagnation and How We Escape

From the New World

CHAPTER

Speculators Aren't Sure of Which Option They'll Pick

If you have a very deterministic rule, whereby you pick an object, pick an option, when it absolutely has the highest estimate, then you can have more problems with the games. So just as long as the speculators aren't sure of which option you'll pick, you can still have decent incidents for the other options. And nowhve the markets all be conditional on that one % chance, that is, have the markets b. If we choose a and it happens to be chosen randomly, then what's the outcomeor market? We could say, well, let's just move closer to letting it be influential, but let's always have some chance of every option being picked.

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