Jiro comments on The AI in a box boxes you - Less Wrong

102 Post author: Stuart_Armstrong 02 February 2010 10:10AM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (378)

You are viewing a single comment's thread. Show more comments above.

Comment author: Jiro 04 February 2014 02:19:10AM *  1 point [-]

As I pointed out in another thread, "irrational behavior" can have the effect of precommitting. For instance, people "irrationally" drive at a cost of more than $X to save $X on an item. Precommitting to buying the cheapest product even if it costs you money for transportation means that stores are forced to compete with far distant stores, thus lowering their prices more than they would otherwise. But you (and consumers in general) have to be able to precommit to do that. You can't just change your mind and buy at the local store when the local store refuses to compete, raises its price, and is still the better deal because it saves you on driving costs.

So the fact that you will pay more than $X in driving costs to save $X can be seen as a form of precommitting, in the scenario where you precommitted to following the worse option.