James_D._Miller comments on Marginally Zero-Sum Efforts - Less Wrong

20 Post author: Eliezer_Yudkowsky 11 April 2007 05:22AM

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Comment author: James_D._Miller 11 April 2007 01:33:53PM 1 point [-]

This is a very general problem. If the government decides to give away $X to someone, people are willing to spend up to $X to get it. If people intensively compete for the money then you would expect people to collectively spend $X trying to get the $X.