Henrik_Jonsson comments on Applied Picoeconomics - Less Wrong

46 Post author: Yvain 17 June 2009 04:08PM

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Comment author: Henrik_Jonsson 20 July 2009 02:21:21AM 1 point [-]

I read the book, but found it rambling and poorly supported. The basic point about agents with hyperbolic discounting having dynamic inconsistencies is very important, but I wouldn't recommend the book over Ainslie's article. The only mental note I made of something new (for me) and interesting was a point about issues with a "bright line" being much easier to handle than those without. For example, it's easier to stop drinking alcohol completely than to drink less than a specific limit at each occasion, and even harder to eat a proper diet, when you obviously cannot make us of the only very bright line; no food at all.

I have been busy (with the SIAI summer program), but I do think I actually would have found time to write the post if I had found more data that was both interesting and not obvious to the LW crowd. This might be rationalization, but I don't think the me of one month ago would have wanted a post written about the book if he had known the contents of the book.