Luke_A_Somers comments on Replaceability as a virtue - Less Wrong

5 Post author: chaosmage 12 December 2012 07:53AM

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Comment author: Luke_A_Somers 11 December 2012 03:19:22PM 0 points [-]

The value in historic artifacts lies largely in the information they convey about ancient times. Replaceable things contain mostly mutual information with their replacements, so if you got a complete ancient bowl set, say, that would be a lot less informative than the same number of bowls from different sets, except on the matter of the existence of such sets.

Uniqueness/rarity of such things doesn't increase total value, but it does increase marginal value (the value to gain or lose one more item).