lukstafi comments on Mahatma Armstrong: CEVed to death. - Less Wrong

23 Post author: Stuart_Armstrong 06 June 2013 12:50PM

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Comment author: lsparrish 06 June 2013 05:59:51PM *  1 point [-]

This seems analogous to the problem of marketplace investments. If you have good evidence that investment X is going to be worth twice as much tomorrow, your preference becomes to own as much as possible. But if your investment is high enough to impact the scarcity level, it becomes twice as expensive today, which could occlude or even negate the reasons it was going to be worth twice as much tomorrow in the first place. With that information in mind, your preference regarding how much to invest is different.