gwern comments on Rationality Quotes September 2011 - Less Wrong

7 Post author: dvasya 02 September 2011 07:38AM

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Comment author: JoshuaZ 01 September 2011 07:07:26PM 5 points [-]

If there is a useful idea about the future which triggers no ridiculous or improbable filters, doesn't that imply many people will have already accepted that idea, using it and removing the profit from knowing it?

Not necessarily. For example, it could be that no one had thought of the idea in question but once someone thought of the idea the usefulness is immediately obvious.

Comment author: gwern 01 September 2011 07:08:33PM 0 points [-]

Sure, but that implies a rather inefficient market - not even exploring major possibilities! Wouldn't work on Wall Street, I don't think.