army1987 comments on What Is Signaling, Really? - Less Wrong

74 Post author: Yvain 12 July 2012 05:43PM

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Comment author: TraderJoe 10 July 2012 08:22:27AM *  2 points [-]

[comment deleted]

Comment author: David_Gerard 10 July 2012 10:07:19PM 2 points [-]

No, because "throwing money into it" is better writing.

Comment author: [deleted] 10 July 2012 10:25:08PM 0 points [-]

You know, doing it with intrinsically valuable money is a thing, but if you do that with fiat money you just cause enough deflation to make everyone richer, and the game is not negative-sum. (Or is it? I'm not terribly knowledgeable about macroeconomics, so I might be missing something.)

Comment author: AspiringRationalist 12 July 2012 08:15:05PM 0 points [-]

It is still wasteful, because it involves digging an unnecessary hole.

Comment author: [deleted] 10 July 2012 10:53:21PM 0 points [-]

If you throw your money into the hole its not negative sum, true- it is zero sum assuming that your ratio of the monetary pool reflects your buying power. Either way, you make everyone richer but yourself.