Val comments on Easy wins aren't news - Less Wrong

39 Post author: PhilGoetz 19 February 2015 07:38PM

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Comment author: DanielLC 20 February 2015 12:12:18AM 5 points [-]

It's not that fixing the auctions is easy. It's that it's not interesting. There's no story. There's no us vs. them. People would prefer the President eliminating some pointless subsidy without a thought to someone slaving for months on a computer perfecting the software for selling bonds and ideal prices.

Comment author: Val 24 February 2015 06:27:43PM 1 point [-]

It depends. I don't know how it's in the USA, but in Eastern Europe where I come from, it's an open secret that a lot of auctions are rigged, or at least the information is only published in obscure (or almost fictional) newspapers to guarantee that only the privileged people will know about it in time.