Algernoq comments on Wealth from Self-Replicating Robots - Less Wrong
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Comments (27)
I'd really like to see published research on this. I did some searching and found that there's a lot of uncertainty because the problem isn't well-defined (different research has different values), it's hard to experiment with (very long lead-times), and there's no political value in knowing the truth (research spending is politically equivalent to highway repair spending). No one even really knows the value of current research.
Research isn't a defined process (there are different ways to get to useful results), and people respond to incentives...it's possible (though very unlikely) that a 10x increase in research funding would have more than a 10x improvement due to attracting much more productive researchers who currently go to better-paid industries.