Douglas_Knight comments on Open Thread June 2010, Part 3 - Less Wrong

6 Post author: Kevin 14 June 2010 06:14AM

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Comment author: SilasBarta 15 June 2010 04:38:19AM 1 point [-]

They're smart. They're capable of figuring out a creative solution. And the financial instruments they designed were creative, for what they were intended, which was to hide risk and allow banks to offload mortgages to someone else. Someone benefited from the creativity, just not the average worker or consumer.

Comment author: Douglas_Knight 15 June 2010 04:48:23AM 1 point [-]

Yes, capable of figuring out a creative solution to maximizing their goals when faced with the incentive structure of science. You think that the people who remain fail to do science when faced with these incentives, so why do you expect these others be more altruistic?