= 27d567bc2d48d9f40e9ccc20ea370b15)
Hans comments on Extreme Rationality: It's Not That Great - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (269)
There's an extent to which we live in such a world. Many people believe you can achieve your wildest dreams if you only try hard enough, because by golly, all those people on the TV did it!
But many poor/middle-class people also believe that they can never become rich (except for the lottery) because the only ways to become rich are crime, fraud, or inheritance. And this leads them to underestimate the value of hard work, education, and risk-taking.
The median rationalist will perform better than these cynics. But his average wealth will also be higher, assuming he accurately observes his chances at becoming succesful.