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 general principle you're appealing to. It sounds like it's something like this: "If A does something to B, and B would prefer A to do this than not to do it, then A is treating B decently". But this -- I think -- is refuted by my Nazi example: the Jew is going to get beaten up and sent to Auschwitz anyway, and would (slightly) prefer the other guy to find him rather than not, because the other guy will beat him up a little less badly.
Also, you lost.
Nope. Let me repeat: "the above example is intended merely to make the logical point in the foregoing paragraph as vividly as possible". I'm not comparing anyone to the Nazis here; I'm pointing out that a principle to which I think gwern was appealing is incorrect, and showing why. Of course, if you choose to operate a policy of dropping any discussion if it mentions the Nazis then that's your prerogative.
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.
If blond employees at market rates give more bang for the buck than dark-haired employees, you should prefer to hire the former, as this will allow you to offer lower prices (and some of your customers will themselves be blond), make more profit (and some of your shareholders will themselves b...
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.