ChristianKl comments on Rationality Quotes December 2014 - Less Wrong

8 Post author: Salemicus 03 December 2014 10:33PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (440)

You are viewing a single comment's thread. Show more comments above.

Comment author: ChristianKl 11 December 2014 05:36:07PM 0 points [-]

The idea that thing average out depend on the assumption of success being due to a lot of independent events.

Computer simulations of markets with trades of equal skill have no problem to produce the kind of difference in financial results that the traders we observe in reality produce.

The fact that some authors write books that are more popular than the book of other authors is explainable without difference in skill or book quality.