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prase comments on Extreme Rationality: It's Not That Great - Less Wrong
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In the spirit of concrete reductions, I have a question for everyone here:
Let's say we took a random but very large sample of students from prestigious colleges, split them into two groups, and made Group A take a year-long class based on Overcoming Bias, in which students read the posts and then (intelligent, engaging) professors explained anything the students didn't understand. Wherever a specific technique was mentioned, students were asked to try that technique as homework.
Group B took a placebo statistics class similar to every other college statistics class, also with intelligent and engaging professors.
Twenty-five years later, how would you expect the salaries of students in Group A to compare to the salaries of students in Group B? The same? 1.1 times greater? Twice as great? What about self-reported happiness? Amount of money donated to charity per year?
I would expect very little correlation with salaries. And about self-reported happiness - I often think that knowing about all biases, memory imperfections and all that stuff, and about how difficult it is to decide correctly, makes me substantially less happy.
prase, is happiness much of a goal for you? If so, have you tried to apply rationality toward it, e.g. by reading the academic research on happiness (Jonathan Haidt's "The Happiness Hypothesis" is a nice summary) and thinking through what might work for you?