DanielLC comments on What Curiosity Looks Like - Less Wrong

31 Post author: lukeprog 06 January 2012 09:28PM

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Comment author: gjm 11 January 2012 10:01:46AM 3 points [-]

I don't know on what basis you say that the expected utility loss is "effectively zero". There's a utility gain to the person who takes an illegal copy of the book instead of buying it, because they have more money that way. There's a utility loss (which I'd have thought is obviously approximately equal in general) to the people who'd have profited directly from the sale of the book: author, publisher, distributor. And then there are second-order effects, less localized and therefore harder to see and harder to assess, from (e.g.) the slightly reduced incentives for others to write, publish and sell books, the increased social acceptability of getting books in this way, etc.

It looks to me as if what we have here is: first-order effects that cancel out exactly when expressed in terms of money, and therefore probably cancel out approximately when expressed in terms of utility, and second-order effects that are hard to get a handle on but look clearly negative to me.

Could you justify your position further on this point?

As for the second claim, note that this also needs to be true to make your "doing something wrong" assertion correct -- and ought to be obvious to justify your having made it so baldly. I'm glad you agree that it isn't.

No one was claiming or suggesting that anyone should go straight from "I'd find it interesting to read that" to buying the book, without any consideration or weighing of consequences in between. So if my last sentence is equivalent to your main point, it seems to me that you were attacking a straw man.

Comment author: Multiheaded 11 January 2012 10:12:30AM 3 points [-]

It looks to me as if what we have here is: first-order effects that cancel out exactly when expressed in terms of money

You forget about the diminishing returns, though. An extra $20 would give much more utility to me than to a publishing house.

Comment author: gjm 13 January 2012 12:34:12AM 1 point [-]

I think that's simply wrong. It would be right if the only difference between you and a publishing house were that the publishing house has more money, but of course that's not so. To a rough approximation, a publishing house is made up of lots of individuals. Much of your $20 will be distributed amongst them, and if they're on average about as well off as you are then this is roughly utility-neutral. Some of the rest will go into whatever larger-scale projects the publishing house is engaged in, which make use of economies of scale to get increasing returns in utility per dollar. (That's why there are corporations.)

And, of course, some of it will go to line the pockets of already-wealthy investors and executives. I agree that that bit is likely to show diminishing returns. But I see no reason to think that a transfer of $20 from you to the publishing house is a net utility loss, and just saying "diminishing returns" certainly doesn't suffice.