Also, do you agree that, at a minimum, non-status-oriented businesses seem like messenger services, pest control companies, and auto garages don't seem to act as if they believe that women are underpaid?
I can believe that most humans are victims to the hindsight bias and still fail to correct against the bias. The mental bias literature frequently demonstrates that knowing about a mental bias isn't enough to avoid it.
one could say that probably they do not believe women are underpaid in the second sense I described?
I would say that a person can believe that most people suffer from hindsight bias in the second sense you described and still fail to correct for hindsight bias.
I can believe that most humans are victims to the hindsight bias and still fail to correct against the bias. The mental bias literature frequently demonstrates that knowing about a mental bias isn't enough to avoid it.
Umm, does that mean yes or no?
Also, why do you keep ignoring my question about entry-level McKinsey consultants? I'm willing to bet a modest sum that McKinsey is NOT choosing to reap the supposed cost savings from hiring primarily women.
Also, do you agree that your quote from the McKinsey study is NOT arguing to "save money by hiring...
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.