Emile comments on Rationality Quotes February 2012 - Less Wrong

5 [deleted] 01 February 2012 09:03PM

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Comment author: Xom 01 February 2012 09:23:05PM 6 points [-]

Sometimes, you can spend an expensive five hours hunting on the web for data that a research librarian could retrieve from a reference book in minutes.

~ Pat Wagner

Comment author: Emile 17 February 2012 10:28:01PM 4 points [-]

Who cares about "sometimes" when making a decision? What counts is the expectation, what happens on average.

Yes, sometimes investing all your savings in a single high-risk stock picked at random while drunk works better than listening to various experts, researching the relevant literature and diversifying your investments. That doesn't mean it's a good idea.