So on what grounds do you say that paying blond employees the same as everyone else, rather than 20% less like everyone else, will "reduce the rate at which this inequity is wiped out"?
See Markets are Anti-Inductive
Suppose you live in (a cartoonishly-simplified version of) Nazi Germany where default behaviour to Jews is to beat them up, summon the Gestapo, and have them shipped off to concentration camps. If you see a Jewish person and beat them up a little less than most people would before summoning the Gestapo to have them sent off to Auschwitz, is that decent? I say: of course not.
The Jew in your hypothetical would rather you didn't interact with them at all than you beat them up less than usual. The blond in the other hypothetical would rather you hired them at a smaller pay than you hire dark-haired people than you didn't interact with them at all. Also, you lost.
See Markets are Anti-Inductive
Yup, familiar with it. Would you like to be more explicit about why this means that paying members of a discriminated-against group 20% less than everyone else will lead to a quicker reduction in their pay deficit than paying them the same as everyone else? Thanks.
The Jew in your hypothetical would rather [...] The blond in the other hypothetical would rather [...]
I agree. If you're intending to make an argument that this means the hypothetical blond person is being treated decently, then I would like to know what gener...
LW readers have unusual views on many subjects. Efficient Market Hypothesis notwithstanding, many of these are probably alien to most people in finance. So it's plausible they might have implications that are not yet fully integrated into current asset prices. And if you rightfully believe something that most people do not believe, you should be able to make money off that.
Here's an example for a different group. Feminists believe that women are paid less than men for no good economic reason. If this is the case, feminists should invest in companies that hire many women, and short those which hire few women, to take advantage of the cheaper labour costs. And I can think of examples for groups like Socialists, Neoreactionaries, etc. - cases where their positive beliefs have strong implications for economic predictions. But I struggle to think of such ones for LessWrong, which is why I am asking you. Can you think of any unusual LW-type beliefs that have strong economic implications (say over the next 1-3 years)?
Wei Dai has previously commented on a similar phenomena, but I'm interested in a wider class of phenomena.