drethelin comments on The $125,000 Summer Singularity Challenge - Less Wrong

20 Post author: Kaj_Sotala 29 July 2011 09:02PM

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Comment author: drethelin 30 July 2011 05:56:09AM -1 points [-]

don't forget the simple explanation: It's risky to offer to match infinite dollars.

Comment author: shokwave 30 July 2011 06:01:56AM 2 points [-]

The rational donor wouldn't offer to match x for y time; they would simply offer to match x. So the donor would simply offer to match the first dollar and forty-one cents donated. There's no risk of accidentally being required to donate more than you'd want to.

Comment author: Clippy 01 August 2011 03:16:52AM *  0 points [-]

I thought humans did that a lot on financial markets (make an offer that potentially incurs an infinitely large obligation), in particular when they sell ("write") certain option contracts?